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With the advent of Internet, new business models are being developed based on it, which are challenging the more established traditional business models. This is especially true in the financial services sector. A good example would be that of banks that have just one branch location in the whole country, but have customers through out the country. In such a business model, most of the transactions are done online. The advantage being reduction of costs to the bank, which are passed on to consumers as higher interest rate on savings account. This results in win-win situation for both the bank and the customer.
We believe that innovative mobile device software development will be the next technological advance that will result in creating new business models and also enhance the services of existing business models. A possible such example is "Mobile device contact less payments". It has been reported that future adoption of mobile device software by consumers for financial services will increase from the present small single digit percentage to a significant percentage of the total consumers.
Our core competency is in developing mobile device software with financial services being one of the industries we are focusing on. We serve the following sectors of financial services
- Brokerage
- Banking
- Credit card
- Insurance
- Mortgage
- Investment services - hedge fund and asset management services
- Accounting
- Consumer applications
Our team of developers are well versed in the technical challenges associated in implementing mobile device software for financial services, some of which are
- Security - It is extremely important for financial services as information transmitted is very sensitive.
- Scalability - Most of the financial service companies have huge number of customers.
- Reliability - Transactions done should be very reliable and cannot be repeated or missed.
- Interoperability - Implemented solution should be available to all the customers, who have different type of mobile devices.
Apart from solutions for mobile devices, we also offer customized solutions related to financial services for desktop and web applications, database - design, implementation, and integration of it with either mobile or desktop front-end application.
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