BFSI
Core Banking Solutions on a shared environment would also help cooperative banks
Payoda’s expertise and persistent focus helped in developing a clear edge over other players in the domains of Governance, Risk Management and Compliance. With rich experience in core banking, Payoda has built capabilities to provide solutions beyond core banking that are being implemented with the esteemed clientele. To be on top of the game always, Payoda embraces latest technologies like mobile banking, cloud computing, SaaS, utilizing social media and advanced analytics.
Payoda with its expertise spanning across every domain in this industry has provided innovative solutions coupling intelligence and technology in the following areas:
- Beyond core banking
- Analytics and Business Intelligence
- Managed Account Platform
- Governance, Risk Management and Compliance
- Financial DSS and OSS
Beyond core banking
‘Financial Inclusion’ is becoming the prime focus of Governments to enable the base of the pyramid to participate in mainstream economic and social processes.
In the developing nations, major banks partner with technology solution providers to provide essential financial services like savings, credit facilities, micro-insurance and remittance for villages. To capitalize on opportunities opening up in this space, major banks collaborate/partner with Payoda for consulting and IT services. This facilitates rolling-out no-frills accounts, launching innovative and smarter solutions using biometrics and the like, cater to day-to-day financial needs through micro-ATMs and add value to every offering through relevant and customized applications for mobile devices.
Analytics and Business Intelligence
Payoda’s analytics tools have helped its prestigious clientele in North America.
Payoda’s analytics tools have helped its prestigious clientele in North America derive business intelligence based on position based and returns based data. With a dedicated team working on this vertical of business, Payoda has expertise gathered on general practices and best practices across the world, market trends and dynamics and changing customer expectations and demands. Payoda’s solution presents the macro as well as the granular view of data, as expected, to aid in risk analytics, yield analytics and credit analytics.
Managed Account Platform
Efficient solutions for Fund Management, Portfolio Construction and Management & Assured Transparency.
With increasing necessity to commit to industry best practices and clearly defined investment objectives and targets, financial institutions are in the process of migrating from manager-controlled investment vehicles to independently controlled vehicles- Managed Accounts.
Payoda has offered efficient solutions on Fund Management, Portfolio Construction and Management and Assured Transparency. Functionality of fund research, portfolio assessment, scenario modeling, risk propensity analysis, portfolio surveillance, compliance and attribution are built into the platform thus enabling intelligence to the system.
Core Banking for Cooperative Societies
Need of the hour in this sector is to have a common platform to integrate the innumerable systems and applications running at various physical locations. Payoda is a trusted partner to various players in this industry in enabling the handling of such operations. Customized mobile applications add to the convenience and efficiency of the offering. Core Banking Solutions on a shared environment would also enable cooperative banks expand the business correspondences in terms of volume of transaction and product basket.
Governance, Risk Management and Compliance
Institutions, today, focus on integrating the closely aligned functions of corporate governance, enterprise risk management and corporate compliance through technology. Payoda’s solutions have helped clients to reduce overheads, avoid conflict and eliminate gaps. These solutions ensure compliance with every applicable standard (Sarbanes-Oxley, COSO, COBIT, IFRS, BASEL II, ISMS, ITSM, OHSMS, EMS, HACCP and HIPPA), improved corporate governance and efficient enterprise risk management.
Financial DSS and OSS
Payoda offers its solutions in Financial Decision Support System (DSS) and Operation Support System(OSS) in terms of research and operations.
The financial research solutions of Payoda fall under two categories as
1) Derivative Support encompassing strategies on middle office offerings, product control and derivatives IT
2) Business Research including market analysis, expansion strategy, marketing analytics, pricing strategy, vendor risk profiling, spend analysis, demand forecasting and required periodic reports.
The financial operations solutions of Payoda include Business Analytics, Risk Management Analytics, Private Wealth Management, Third party administrator and Primary broker related services pertaining to front, middle and back offices.
