Overview
The banking industry is changing at a fast pace. These changes are throwing up fresh challenges like managing complex technological divergence in a converging market. Banks strive to constantly offer more to the existing customer base. To achieve this, they emphasize on more targeted technology investments and high-quality service. To remain competitive, financial institutions will have to renew their commitment to investing in new technology strategically -- to reduce costs, improve efficiencies, and boost revenue-generating initiatives.

Taking full note of these challenges, OFS puts together its banking practice to help financial institutions improve enterprise performance, comply with regulatory mandates, boost operational efficiency, and better serve their customers through OFS’ spectrum of solutions and services derived from proven track record of domain expertise.

Among the key IT challenges facing the Financial Services industry today is:

• Preserving investments in old systems while leveraging new technologies to drive down transactions costs, expand and improve customer service
• Integrating enterprise wide disparate systems to gain operational efficiencies
• Substantially reducing time for deployment of new systems
• Reducing IT costs and obtaining better ROIs for new investments in the long-term

Only a carefully thought out long-term IT strategy backed by execution, implementation and support capability can meet these challenges successfully. OFS has a proven track record in the banking and financial services sector, technology competence and world-class software development facilities.

Banking and Financial - OFS Advantage
OFS understands that the role of information technology today goes beyond being a supportive force in achieving business goals in the financial services sector. It becomes a key driver to new business process thinking and a tool towards building a competitive advantage. Technology has become critical to success.

OFS offers a comprehensive software services portfolio tailored for the Banking and Financial Services industry, complemented with its strong domain knowledge and technology and process capabilities to execute and deliver business solutions.

OFS, with its vertical specialization in the banking and finance industry, offers services for the entire bandwidth of IT needs of retail, corporate and investment banks, as well as unit-trusts, mutual fund companies and stock exchanges. The company provides complete support to the clients during project lifecycles to assess, plan, develop and deploy products, services and workflow processes. OFS’ understanding of the global financial services environment enables it to provide practical, workable cost-effective and flexible solutions to clients all over the world.

With this intention in mind, OFS offers a unique and exclusive Banking and Financial platform, Base60, designed and developed to cater to the banking and financial needs of its customers. With Base60, OFS has reached new dimension in terms of the banking sector.