Prithvi’s rich and varied experience and a global perspective of the industry best practices helps in implementing core and mission critical solutions for our large Banking, Finance and Insurance industry clientele.

Prithvi has built some niche and robust solutions catering to various business practice areas of Banking and Financial services business. 

We provide highly flexible, unique and differentiated infrastructure that help financial services organizations in handling iterative and evolving processes to substantially improve their bottom-line and help address the various issues.

Prithvi’s products, solutions and services are backed by industry domain specialists, technology experts and qualified project management professionals.

Customer Challenges

Competition, regulations, legislation, innovation and shifting business conditions are some of the critical factors that are influencing business in the current times. 

Few other factors impacting the organizations are:

• Changes in value due to internal operational failures
• Impairments due to contractual failures by third parties
• Changes in value due to fluctuations in market factors
• Unstable IT infrastructure on which the business relies
• Risks inherent in complex business products & solutions
• Frauds (internal and external resources)
• Ineffective internal reviews & audits etc.

Market Scenario

Some current focus areas stemming from the concerns of organizations:

Across the board, the net-incomes of organizations are shrinking. Treasury & Investment Department, Fees & Commissions on services etc. are the some of the business areas that traditionally contribute to the bottom-line. However, the changing times have seen the contributions from these sources on a continuous decline owing to various influencing factors.

Within the millions of transactions that happen across business activities and operational areas in financial organizations, there can be potential areas which are risk-prone. It requires a simple to use yet effective and robust Enterprise Risk Management Framework that helps organizations.

The need maps to an Operational Risk Management Framework, offered within the ambit of an overall Enterprise Risk Management Framework. This in turn provides for BASEL II compliance needs and provides an integrated, proactive, predictive analytics that technology analysts like Gartner are advocating.

Our solutions

Prithvi’s BFSI practice offers a suite of products and solutions catering to different business needs.  Some of our niche offerings are:

• Advanced algorithms and analytical solutions in the areas of funds & investment, equities, wealth management, portfolio management, business intelligence, Know-Your-Customer (KYC) and Anti-Money Laundering.  These solutions help organizations to stem the earning and risk volatility & improve the return and risk management.  These analytics compliment the business insight & acumen of Business Managers and serve as definitive performance improvement tools.
• Operational Risk Management Solution, that forms part of an integrated Enterprise Risk Framework that supports the following activities:
• Support Business & Risk Data Aggregation, Risk Parameter Estimation and Measurement of Risk Probability through advanced techniques 
• Risk Capital Estimation & Allocation
• Emerging Risk Issues Handling
• Supervisory Review & Audit
• Internal Reporting
• Regulatory Reporting
• Market Reporting
• Market Disclosures
• Financial service organizations are revisiting their internal business processes, to identify the redundancies, bottle-necks and inefficiencies if any, to make them lean and streamlined to save on operational costs.
• Prithvi offers a suite of workflow based solutions that help automate the entire loan process management – from origination to retirement of a loan process. The solution forms the backbone for addressing the critical credit risk management process, in terms of deployment of critical organizational controls from a central point and enforcing them seamlessly at the operational level.  We help our clients to deploy BPM based solutions that help automate the processes based on best practices, reduce the process delivery timelines with more accuracy and reduced costs per process cycle.

Please review the other links to view Prithvi’s complete offerings for BFSI organizations.