For nearly a decade, financial institutes have been facing an unprecedented array of challenges as well as intense pressure from customers and regulators. Compounding this tough environment is a new powerful force that has emerged financial technology (FinTech)
The financial services sector is in the middle of a digital revolution that represents the most significant change in banking for years. In most markets, FinTech start-ups present a credible threat to incumbent financial institutes. Using a combination of technology, consumer-centric service, and flexible business practices, these startups are reducing the cost of doing business, extending their customer base and taking market-share from established rivals. In the post financial crisis world, banks and other financial intermediaries are also impacted by multiple new regulations and new acts.
To compete successfully in this environment, financial services firms need to execute on a customer-centric digital strategy and need to have ability to provide service through efficient operations, technological innovations, and automation. This requires the very strong partnership between business and technology that is scalable and adaptive to various customer needs.
GS Lab delivers successful solutions that transform top global exchanges and payment providers. Our strong technology expertise coupled with domain knowledge and ability to understand customer’s business helps us provide leading edge solutions and products across capital markets, credit, payments and financial data analytics domains.
At present, we are helping one of the world’s largest derivatives exchange in every function of their business, from trade matching, post trade activities like clearing the settlement to regulatory reporting. While providing our expertise in all aspects of trade lifecycle, we are also helping them build next generation enterprise data hub on cloud, creating pipelines to ingest raw data generated from various lifecycle events, co-relating data and making it ready for advanced analytics and reporting.
We are also building solutions for on-demand credit applications, integration with banks, merchants and payment gateways through application programming interfaces.