Banking and Finance

SAIC India contributes our expertise by working with industry majors in the banking and finance services sector.

We are committed to delivering custom solutions that unite high quality with substantial cost savings. In addition to specific product capabilities, SAIC India has successful experience in application management, project management, system analysis, and design and modeling, covering almost all perspectives of the versatile banking business.

Many of our projects include evolving business requirements and need sound functional analysis of the requirements and robust technical designs, supported by high-quality implementation and thorough system testing. Our business models include on-site/offshore, offshore-only, and ownership of sustaining services for our customers.

Core Strengths

• Development, maintenance, and support of core banking solutions using a variety of technology and platforms
  • Windows®
  • UNIX®
  • Visual Basic®
  • Visual C++®
  • COBOL
  • Pro*COBOL
  • C and Pro*C
  • Tuxedo®
  • Oracle®
• Maintenance of transactional details for:
  • Savings and current accounts
  • Fixed deposits
  • Core lending
  • Standing orders
  • Service charges
  • Overdraft functionality
  • Penalty interest
  • Contingent interest
  • Automatic evaluation of loan and overdraft accounts
  • Interest accrual and application based on rate basis, interest profile, and method
  • Interest rate changes
• Loan acceleration and restructuring
• Reversal of lending transactions
• Product transfers
• Implementation of 24-hour banking
• Loan adjustments
• Reversal of loan cancellations
• Interest accrual and application based on interest method
• Linking lending, nonlending, and collateral transactions
• Conversion of product front ends from 16-bit to 32-bit versions