Banking, Finance, Securities and Insurance

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The area of Banking, Finance, Securities and Insurance has always been a key focus area at Nihilent. Nihilent has worked with some of the leading global financial institutions. The trust that clients have placed in us stems from our commitment to understanding the challenges of the industry from both a business and technology perspective and then developing solutions that are tailored to each client’s unique situation.

Nihilent’s Domain expertise:
Retail / Corporate Banking
Loans, Payments, Term Deposits, Corporate Deposits, Letters of Credit and Bank Guarantee, Cash & Liquidity Management, Bills and Collections
Retail / Corporate Banking
Current & Savings, CIS, Risk Management, MIS, GL, Workflow System
Treasury
Foreign Exchange, Money Market, Currency & Interest Rates Options / Futures & Options, Securities
Funds Management
Asset Management, Investor Services
Channels
Internet, Branch, ATM, POS, IVR/Call Center, Mobile Phone, PDA

Securities
Broker operations, Custodian operations, Trading, Clearing & Settlement, Depository operations, Collateral management, RTGS Equity & Money Market, Forex

Insurance
Life & General Policy and Claim Management

Risk Management & Compliances
SoX, BASEL – II, NCA, Risk Management Fraud Management (including Money laundering)

Service Offerings
Consulting

Business Process Engineering /Re-engineering / Management Consulting Change / Knowledge / Performance management Compliance and Governance
Software Services

Architecture / Systems Integration Development through implementation, Support, Maintenance & Testing Business Intelligence & Data warehousing Conversion, Migration and Tools
Products

Globus / T24 Hogan Flexcube
Experience Showcase
  • Acquisition and Mergers : Nihilent worked on software application merger projects when Nedbank acquired BoE (Bank of Executives), FBC and People’s Bank
  • Conversion and Migration : Nihilent successfully executed Swiss Card Conversion project when Swiss card decided to implement CAMS II product to replace their existing Payserv and Globestar systems for Visa and Amex card processing
  • Compliance : Nihilent was involved in Nation Credit Act (NCA) compliance projects in Standard Bank and Nedbank when the South African government enforced this ‘ act to all banks in the country
  • Support and Maintenance : Nihilent worked on several Support and Maintenance projects for clients such as Nedbank and Standard Bank
  • Re-engineering : Nihilent got commendation to successfully enable Multi-Company processing in a single system for Nedbank
  • Enterprise Transformation : Nihilent helped in transforming a global bank with over 14,000 branches and operations in over 10 countries from a transaction-oriented set-up into a customer-centric bank at all levels. Nihilent enabled post-merger alignment and strategy execution at a global bank’s new acquisition in Africa
The Nihilent Advantage
  • Rich exposure in BFSI vertical
  • Services ranging from Change Management, Strategy Execution to Software Development, Modernization and Testing
  • Established exclusive Offshore Development Centers (ODCs) for major clients
  • Ready Infrastructure and Processes for providing 24×7 support services
  • State of the art tools and technology frameworks
  • Dedicated pool of resources for niche technologies such as Globus/T24, Flexcube, Hogan and Vision+
 
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