BANKING &
FINANCIAL SERVICES
OUR BLEND
At TESCRA, our business and technology consultants blend business specialization and technology expertise to help our customers respond to unique business events affecting their business within the Banking, Financial Services and Insurance (BFSI) Industry.

We form a STAR Team – Strategic and Tactical Response Team for each customer, as well as, each major business event. This team works with the customer’s business to formulate a response to the business events that have significant revenue, cost, and risk impact.

Our business consultants bring a solid background of expertise in the BFSI Industry, who have taken several enterprises through challenging business events specific to their industry. We also partner with experts in this industry, noted speakers and government policy makers, who bring deep insights, vision and expertise.

TESCRA has close to a decade of business and technology practice with deep experience in implementing technology solutions for some of the largest banking, financial and insurance organizations. TESCRA’s technology practice teams are supported by centers of excellence that host best practices and conduct R & D on trends, tools and technologies that will impact the future of the industry.

TESCRA’s STAR team is global, and brings insights from markets around the world, and has the ability to deliver solutions using well-established global delivery models.

Some of our solutions for the BFSI Industry, delivered by our STAR team include:

Assisting one of world’s top 5 banking and financial services firms to relook at how they manage their customers – from a traditional product driven focus to managing customers as an asset, and introducing custom treatment and delivery at a customer level. Multiple product platforms and applications were integrated using cutting edge middleware platforms, to provide a unified view of the customer across all product platforms.

Assisted a large US-based insurance major in designing and implementing an open application architecture for an end-to-end process management solution. This architecture built the foundation architecture capabilities that subsequent customer experience initiatives now leverage to deliver business value more quickly and cost-effectively.

Assisted a North American securities and foreign exchange trading firm to rewrite its outdated SWIFT gateway to include more robust wire payment capability. Also assisted in identifying and eliminating several manual processes in the wire payment procedure and implementing an automated process management solution.


To know more about our specialized industry solutions and how the STAR team can help you
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CUSTOMER SUCCESS
STORY
Business Events: Increased complexity in wire payment mechanisms and increasing global trade made existing mechanisms and processes obsolete.

Approach: Leverage information technology to simplify and integrate various wire payment mechanisms. Use the latest business process management tools to automate business processes.

Recommendations: Implement single platform across all business channels and operational functions across all regions/locations providing wire/wholesale payment services.

Results: The single platform implementation has helped create a highly reliable, maintainable and extensible wire payment system. The unified system also allowed the creation of a single business activity monitoring dashboard that provides an enterprise wide view of wire payment operations.
CASE STUDY
 
TESCRA BFSI CLIENT CASE STUDY