ITC Infotech's BFSI Practice domain landscape includes the following




Lending

ITC Infotech has gained significant expertise on the mortgage value chain while working with some of the leading global organizations and ISVs in the mortgage space. We have provided Application Development, Maintenance, Support and Testing services to our mortgage clients. We have expertise in working on full-life cycle and part-life cycle development of mortgage applications. We have also provided services in the area of DB2, Siebel, Oracle, Middleware and Quality Consulting to our clients in this space. We have worked on applications for the mortgage brokers (intermediaries) as well as direct mortgage institutions.

Our noteworthy clients in this domain include leading organizations like:

The second largest mortgage bank in the UK
The largest sub-prime lenders in the UK
The leading ISV of the US mortgages industry
Insurance

ITC Infotech has rich experience in offering a variety of IT services in the space of Life Insurance and General Insurance.

ITC Infotech has expertise in Developing, Implementing, and Maintaining Applications that cover a wide range of business processes and functions in this area. ITC Infotech has worked on full-life cycle development of various applications for this industry area.

ITC Infotech has helped the life insurance division of one of the biggest UK based banks for full-life cycle development of its pension’s application. We have also worked in the space of mortgage insurance including property insurance, liability insurance.

Financial Services

Financial Services is one of our key focus areas, where we have built capabilities around Capital Markets and FIX protocol. ITC Infotech offers a wide range of services in the following Technology domains of Capital Markets:
         a. FIX Protocol
         b. Online Trading Systems
         c. Order Management System
         d. Direct Market Access
         e. FIX Implementation
         f. Current Market Trend
         g. Settlement and Clearing

Our FIX Protocol and Capital Markets service portfolio includes the following:
    1. Protocol Engines
        a. FIX to CMS Converters and vice versa.
        b. Buy Side Fix Engine
        c. Sell Side Fix Engine

    2. Regulatory Reporting Tools
        a. NSCC
        b. OTS
        c. OATS

    3. QA
        a. FIX Engine Verification
        b. OMS Testing Solutions
        c. Assess system compliance and manage FIX Certification.

    4. Operations Support
        a. Trade Desk Support (Technical/Administrative)

ITC Infotech is providing Operational, Administrative and Testing Services to manage the US market operations of one of the leading broker-neutral, direct market access client located in The Wall Street, NY. The client is a FIX registered vendor, providing a wide range of strategic business solutions for domestic and global equity trading to more than 58 different markets worldwide and 300 brokers in 40 countries. The US market operations comprise more than 200 FIX buy side connections to route orders to multiple US Equity destination including NYSE, NASDAQ.

Compliance and Risk Management

Banks continue to face pressure from regulators, shareholders and directors to improve their compliance requirements in areas like Basel II, SOX, Markets in Financial Instruments Directive (MiFID) and AML. However, there has been a lack of consensus as to where banks should focus their efforts in meeting these challenges ahead of them. A number of practical considerations constrain banks` compliance development efforts.

A successful compliance implementation requires the ability to take an enterprise wide view of risk events across multiple systems and to deliver highest quality data with complete drill down capabilities into the compliance solution. Apart from Consulting and IT strategy, ITC Infotech offers Testing and Data Maintenance for such implementations.

ITC Infotech compliance and risk management offerings help you achieve:

Risk reduction and compliance with changing local and global requirements
Comprehensive services in areas like Testing, ETL, Report Generation, and Audits
Improve the operational resilience of IT infrastructure
Manage enterprise information to protect privacy, and meet retention, ready-retrieval and other compliance requirements
Deliver key benefits in off-shoring including cost reduction and enhanced productivity through joint ownership in creating an ODC

Our work with leading financial institutions for various compliance requirements has fortified our expertise in developing compliance related technology solutions. Our resource pool offers a spectrum of services from consulting to implementation and governance, backed by modern tools and techniques.

Banking

ITC Infotech has strong expertise in Developing, Implementing, Supporting, Maintaining, and Testing applications that cover a wide range of business processes and functions in the banking area. We have experience of working on full-life cycle and part-life cycle application development models. 

ITC Infotech is currently operating large Off-shore Development Centres (ODCs) for Fortune 500 banking groups and providing an array of services including Application Development, Maintenance, Re-Engineering, Testing and 24x7 SLA based support. We are also providing Remote Infrastructure Monitoring Services to the largest bank of South Africa.