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Domains and Services  

BFSI Practice has nurtured Domain Knowledge across the entire spectrum of financial services businesses ranging from Deposit accounts in the very basic form to niche areas like Private Equity. Domain focus within BFSI is provided by a competent group of Subject Matter Experts and Business analysts, backed by nearly 500 person years of domain exposure. The knowledge from SMEs is complemented by grass roots domain awareness with nearly half our associates certified independently on Banking concepts (certification is done by Indian Institute of Banking and Finance, created under the guidance of Reserve Bank of India).

The combination of deep domain knowledge and focused technology expertise powered by the respective Centers of Excellence helps us provide superlative services across a variety of engagements. 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.


ITC Infotech has developed 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:

  • One of the world's largest Banks, ranked Fortune 100 and a leading UK mortgage issuer
  • The largest sub-prime lender in the UK
  • A leading ISV of the US mortgages industry


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 today has a multi-location engagement with the leading health insurance provider in US. Services provided include part lifecycle development projects; application maintenance and support and extensive testing services covering functional testing and test automation. Majority of the services are in the Mainframe area with Java/J2EE as alternate technology.

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:

  • FIX Protocol
  • Online Trading Systems
  • Order Management System
  • Direct Market Access
  • FIX Implementation
  • Current Market Trend
  • Settlement and Clearing

Our FIX Protocol and Capital Markets service portfolio includes the following:

  • FIX monitoring tool - iTradeMonitor
  • Protocol Engines
    • FIX to CMS Converters and vice versa
    • Buy Side Fix Engine
    • Sell Side Fix Engine
  • Regulatory Reporting Tools
    • NSCC
    • OTS
    • OATS
  • QA
    • FIX Engine Verification
    • OMS Testing Solutions
    • Assess system compliance and manage FIX Certification
  • Operations Support
    • 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.

ITC Infotech is providing specialist product testing services to the IT services subsidiary of a large US exchange. Product Testing covers the FIX engine and related software products. Testing Services are provided as an independent validation service for the product prior to release to end-clients.

Compliance and Risk Management

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


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.

Banking coverage by ITC Infotech includes the traditional bank branch model, internet banks and hybrid models. We today provide application development, maintenance and testing services for leading Internet Banks. Additional expertise is available on all business channels and back office applications.

For a large European Bank, we provide an array of services ranging from Application Development and Support to core technology messaging platform extension and maintenance. Services cover Banking, Lending, Markets and Compliance functions.


Always considered a specialists’ delight, Treasury in financial services is a complex, high risk area. In partnership with Misys, ITC Infotech today provides a varied set of services in the area ranging from product pre-configuration, workflow design and implementation across asset classes, pre-implementation and upgrade testing services and internal product testing.

In partnership with Misys, ITC Infotech today offers a unique product upgrade service for treasury implementations which ensure a quick and efficient project delivery, customized on features and validated based on clients’ usage patterns. The potent combination of domain is synergized with the product knowledge to provide the best in class treasury application capability to our clients.

Specialist Testing Services in BFSI

BFSI practice of ITC Infotech has leveraged the testing expertise provided by our Testing Practice with the business domain knowledge to create a unique business process driven test methodology. The approach allows for creation of highly efficient test plans and cases while parallely providing the comfort of high test coverage. Usage of business processes within the approach also provides the platform to implement risk based testing approaches.

The compactness achieved in test case design allows for faster test runs and lower test automation costs. Combining with a unique hybrid between framework design, the maintenance costs of automated test packs provide additional cost advantages without sacrificing the core testing aims.

To leverage the efficiencies of the approach and the broader testing expertise, ITC Infotech has today setup multiple test centers for leading financial institutions. These centers cover a variety of sub-domains across financial services ranging from pure-play banking to niche domains like FIX messaging protocols.

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© 2016, ITC Infotech India Ltd. All rights reserved. Registered Office: Virginia House, 37 J. L. Nehru Road, Kolkata - 700071, India +91-80-2298 8331-37 | Contact Us | Corporate Identity Number: U65991WB1996PLC077341