Banking

Today, the banking industry has become increasingly complex over the last decade. Today, banks face tough competition from other banks in their community, and from nontraditional sources such as insurance companies offering banking products, Internet-based institutions that offer premium depository interest rates, and alternative lending sources.

In these complaex time, banks must reinvent themselves to compete successfully and achieve high performance. ConsolTica, Inc. has assembled the capabilities to help clients transform by tapping a reservoir of consulting, technology and outsourcing services complemented by deep industry expertise.

ConsolTica, Inc. is widely recognized as an influential service provider in the corporate and institutional banking segments. Our practice's expert professionals have an exceptional depth of industry experience and several have worked directly in the industry. Drawing on our deep knowledge of our clients' businesses, as well as our own in-depth industry research and analysis, we focus on developing sustainable strategies for our clients to support their businesses in their ongoing evolution.

Your goals, coupled with our specialized knowledge, will help you
achieve success.

ConsolTica's services for the Financial Services industry enable our commercial and investment banking clients fulfill customer demands more efficiently while keeping costs low. These services focus on data management; client service integration and visibility; risk management and compliance; as well as technology management.

ConsolTica, Inc.'s financial solutions includes:

  • Banking and Mortgage
  • Enterprise Payments
  • Life and Pensions
  • Property and Casualty/General Insurance
  • Investment Management

Following are some notable Banking systems developed:

Microfinance System

MAS (Microfinance Application System) is a web & mobile based MIS(Management Information System) solution specifically for Microfinance Institutions.

The system is based on the Cloud Computing model for MFIs(Micro Finance Institutions). It is called as MAS (Microfinance Application System) which is a web & mobile based MIS(Management Information System) solution for MFIs. MAS has been built on top of

  • Offered as "SaaS(Software as a Service)" Or "On-Premise" - drastic reduction in Information Technology expenditure
  • Centralized feature updating, which obviates the need for end-users to download patches and upgrades.
  • Mobile access to the software for remote access
  • MFIs don't need to buy and install hardware, software, or middleware anywhere in their company.
  • Alternate revenue stream - Mobile can be used to sell additional financial products like insurance etc to the borrowers

Available on the following platforms: Windows, Web Based, Linux/Unix

Securities Finance System

The Complete Securities Finance Solution

The product provides an integrated front-to-back office solution for financial institutions of all sizes. It is a real-time, multi-currency system for all Securities Finance trade types. It helps smaller direct lenders through to global custodians, brokers or intermediaries to manage the Securities Finance process more easily.

The software supports both agency and principal trading of equities and fixed income securities.

Configurable Integrated Modules

The software consists of various configurable modules. Each module can act as an integrated solution or as a standalone system. This allows you to tailor the solution to the needs of your business:

  • Securities Lending and Borrowing
  • Repo
  • Swaps
  • Xpose (Collateral Management)
  • Complementary Modules & Interfaces

Advantages

  • Faster trading
  • Lower costs
  • Clearer views of positions
  • Less manual effort
  • More time to spend on decision making
  • Improved risk management
  • Enhanced reputation with clients and counterparts

Payment Service System for Credit Card Payment Service

Provider online system is Visa and MasterCard certified internet based application, designed specially as a service providing instrument, and therefore the key of the success, for internet payment provider start-ups.

Expense Management System

The idea of the project was to re-develop the existing expense management system for a banking institution. The challenge was to develop a solution that would absorb the best features of the legacy application but would avoid its disadvantages. The functionality of this project includes several modules such as expenses/advances input, control, accounting, payment, setup, reporting and options.