IT requirement of the Financial services companies have been undergoing tremendous change in the recent time leading to more efficient processing of transaction, better service to the end user and prudent management of assets. Technology, Regulatory requirements, evolution of better processes, globalization and competition (leading to large scale merger-acquisition) are the prime drivers that is changing the face of how transaction is going to be managed in the tomorrows world.

Convergence, technology ubiquity and pure customer demand has persuaded Financial services companies to come up with new innovative channels for delivery in the retail segment. At the same time, moving away from legacy system has helped CIO/CTO's of the banks to shift from traditional batch-oriented system to real-time core solutions for managing the business.

This rapid shift coupled with evolution of e-commerce has taken the electronic transactions beyond the physically restricted barriers to the individual customers home and offices. This has resulted in use of electronic channel for conducting transaction like delivery, payment & fund transfer.

Large-scale movement of physical documents for verification and validation characterized by complex workflow operations are common in the financial services industry. Use of image as substitute whether the document is a check or a mortgage paper is gaining acceptance among the users. Document management solution within trusted network has already gained prominence. This has enabled banks to manage a centralized operation for handling specific operation thereby benefiting from the scale of operation and keeping the cost of operation down.

Siri has extensive experience in providing business-critical custom banking and financial solutions, from conventional banking solutions to global straight-through processing. Our domain expertise in banking coupled with being pioneers in check and payment processing has driven us into a unique position, where we could service your needs better.

Some of the areas where we have provided custom solution includes:

We partner with the best domain experts who keep themselves abreast with the latest technology trends of financial services industry, be it Internet trading, straight-through processing or continuously linked settlements. In conjunction with our domain experts, we provide the critical time-to-market advantages without charging the premium for managing the expertise.

We also provide third party testing services on behalf of the bank, where in we will define the end-to-end testing needs and do acceptance testing on vendor solution.

Having the domain knowledge in payment, we are also addressing the BPO needs of banks, which form the natural extension to providing our clients with cost effective services.