Technology Consulting


At Verisk, we believe that technology should run faster than the business it supports. Whether it is Digital Banking or Data management or Business Integration Services, it is often challenging to find the right partner, leverage the right technology, and make an impact on the end user's expectations and the company’s revenues.

With our strong expertise in technology consulting, we can help you accelerate your digital transformation wherever you are.

It doesn’t matter whether you are developing strategy, positioning technology, or forming an operational model. Verisk will identify your business priorities and leverage existing investments to drive your enterprise into the future!

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Our Service Offerings

Security

New Age Mobile Banking

The concept of Mobile banking has seen a sea of change in recent times. Traditionally, Mobile banking apps were a means to check account balances, transfer money and pay utility bills. With Fintech and Neo Banks bringing disruptive innovations to provide a better client experience, Banks are under tremendous pressure to evolve. Mobile Banking Apps of today encapsulate the features of traditional banking along with features aggregated from third parties under a single ecosystem and provide a frictionless experience to the end-user. Verisk Financial Fintellix has rich experience working on the new age Mobile Banking apps and can help you empower your digital ambition. 


 

Recovery and Continuity

Core Banking Modernisation 

Many big banks across the world run on antiquated technologies that often pose challenges as far as digital transformation is concerned. Traditional Core Banking systems were never designed to cater to our today’s digital business needs such as open banking. Nevertheless, banks spend millions of Rands on upgrading their traditional core banking systems and add features they might not even use. With more than a decade of experience working with various banks and core banking systems, we have helped many banks design an API layer enabling them to integrate with third-party services and applications. 

 

 


 

 

Scalability

Third Party Integration

In today’s digital age, Financial institutions cannot function in isolation. The appetite for open innovation warrants financial institutions to partner and collaborate with third parties to bring a seamless client experience. Be it is KYC, Early detection of fraud, or Screening for adverse media, it is essential for New age banks to partner with service providers to bring the much-needed synergy. Verisk Financial Fintellix understands the challenges of a modern bank and can help you integrate with the service providers seamlessly. 

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API Integration

In today's global environment, collaboration has become a winning mantra.  Banks are seeking to collaborate with other businesses to form an ecosystem for a frictionless experience. Large banks are sitting on massive data and complex subsystems that are extremely difficult to access and interface. Application Programming Interfaces (API)s seek to provide a window of access to such complex subsystems. Banks can choose to keep the APIs private or use them to collaborate with businesses outside the bank. With rich experience working with several revolutionary banks, we understand the nitty-gritty involved with the Enterprise API framework and help you design and structure your APIs to cater to your collaborative needs. 

 

 

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Application Development

Banks are evolving quickly, so are the customer expectations. With the large millennial population throwing their weight behind digital banking, Banks must keep up with the pace. Winning financial institutions today focus on building applications for scale that are robust, works in real-time, customer-centric, and sustainable. We have helped banks in the past to develop enterprise-grade products for Omnichannel management of Clients and products such as loans, Insurance, and Create and manage rewards and campaigns. 


 

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Process Automation 

 In an increasingly competitive and saturated banking market, banks are under tremendous pressure to do things more efficiently. Rule-Based process automation can help a bank automate repetitive work and, hence saving costs. We at Verisk have helped banks build robust workflow driven frameworks to boost productivity. We also offer a test automation suite to help you with automated testing.