Xicom helps banks and financial institutions in exploring innovative strategies to reduce costs, improve margins and transform their existing operations to match the continuously changing market trends.
As of 2012, the banking and finance service industry accounts for 6% of the global GDP, which is likely to increase to 10% by the next financial year. The highest growth is likely to be witnessed in North America, closely followed by Europe. Owing to the advancement of technology the finance industry has augmented manifolds. Technical advancement of the society has accorded financial organizations with plethora of technical solutions to choose from. Financial organizations should sift out solutions that will capacitate them to extend services with amplified potential.
Xicom understands software product lifecycle and have been innovative in offering some very interesting services like SaaS enablement, SOA re-architecture etc. We have been able to significantly cut costs by taking advantage of our offshore delivery centers and innovative pricing models like Fixed Cost, Time and Material Model and Dedicated Teams Model (DTM) etc.
Challenges and Opportunities
Unique Customer Experience: Mobility and multi-channel convergence have made conducting transactions simplistic and convenient; the role of intermediaries has become obsolete. To establish an affinity with the customer it is essential for financial organizations to craft unique customer experience that envelopes effective service, innovative pricing and loyalty programs. Personalization and customer-centric approach is the call of the hour.
Data Intelligence: Collaborating data with visualization and business intelligence solutions proffer breaking down of information silos and renders 'enterprise-wide data stores' that provide real-time insights. This enhances opportunities to cross-sell platforms and elevates service excellence.
Holistic Approach in Risk Management: Integrating governance commonalities, compliance and risk entities into your business model can play a significant role in sound and prompt decision making. With process standardization and lifecycle management solutions, enterprises become capable of adapting new regulations and heading for a stronger future.
How Xicom Delivers Business Value
Xicom aims to proximate consumers to the business. Business solutions rendered by Xicom enable you to synchronize your offline results with your online efforts to harness better results. We associate with you to maximize the potential our solutions to cater to you in the best possible manner. We integrate modern age web technology with traditional functionalities to render solutions that can cater to the evolving consumer requisites. We also successfully develop full-cycle solutions that give your financial business a competitive edge.
Innovation Acceleration: We at Xicom have expertise in rendering software services mapping across various phases of product lifecycle including designing, architecting and implementation of technology to rigorously support associated business processes. Our team of product developers uses consulting-led approach and proprietary models to develop diverse business transformation models and highly robust financial applications.
Business Transformation: Our team of proficient consultants renders approaches that tighten growth by linking enterprise solution delivery with business consulting and identify crucial share-holder levers. Our team of product developers uses consulting-led approach and proprietary models to develop diverse business transformation models. This results in impactful business engagement every time, for any financial institution.
Effective Operations: With our solution offerings your financial business is empowered with the ability to maximize efficiency and minimize expenses. We have enabled our clients to establish technological excellence that supports business, consolidates existing authorizations systems and drives down the cost of quality assurance.
Xicoms' Banking and Finance Service Offerings
- Product Development and Re-Engineering
- Product Life-Cycle Extension
- Product Implementation
- Legacy Migration / Porting
- Product Customization and Localization
- Enterprise Application Integration (EAI)
- Product Testing / QA
- Web Applications / Portals
- Application Development and Maintenance
- Mobile Applications
To know more about our banking and finance service offerings and to get in touch with us, please complete our request information form and we shall get in touch with you shortly.