BFSI
The banking and financial industry is transforming, with new technologies such as mobile payments, digital currencies, blockchain, and real-time analytics simplifying operations. Cloud adoption is proving vital to this transformation, providing companies with a stable and secure platform to drive growth and innovation. By leveraging the cloud, companies can unlock new revenue streams and achieve business growth, while remaining resilient against unexpected disruptions.
Sonata is a leading provider of IT services for BFSI organizations globally. With vast experience in the industry, we have a proven track record of delivering high-quality, scalable, and secure IT solutions to our clients. Our offerings, including KYC/AML customization, payments system transformation, and core banking system support, can help BFS companies streamline operations, reduce costs, and enhance customer experience. Additionally, we have deep experience in supporting InsureTech platforms for key insurance customers and can help BFSI companies implement digital transformation initiatives and stay ahead of the competition. Our team of highly skilled professionals has expertise in cutting-edge technologies and regulatory compliance, and we are committed to helping our clients achieve their strategic goals.
The mortgage finance industry is an essential part of BFSI and faces unique IT challenges. Traditionally paper-based, the mortgage industry has inefficient and time-consuming processes, leading to a need for digitalization. Managing large volumes of sensitive data while maintaining regulatory compliance can be challenging. Sonata understands these challenges and offers innovative solutions to help mortgage finance companies improve their operations. Our mortgage finance offerings include digital mortgage origination, loan servicing systems, and mortgage analytics, all designed to streamline processes, reduce costs, and improve the customer experience. With our experience and expertise, we are committed to helping mortgage finance companies overcome their IT challenges and achieve their strategic goals.
Banking and Financial Services
KYC/AML platform customization and Support
KYC/AML platform customization and Support
We offer customized Know Your Customer (KYC) and Anti-Money Laundering (AML) services to ensure regulatory compliance and prevent fraudulent activities.
Core Banking system support
Core Banking system support
Our core banking system support services include consulting, implementation, and maintenance of banking software systems.
SWIFT Compliance
SWIFT Compliance
We provide SWIFT compliance services, including messaging, integration, and support for secure financial transactions.
Regulatory Compliance
Regulatory Compliance
Our team of experts provides regulatory compliance solutions, including risk management, governance, and compliance reporting.
Payments System Transformation
Payments System Transformation
Our payment system transformation services help financial institutions to modernize and streamline their payment systems to increase efficiency and reduce costs.
Loan origination & servicing systems
Loan origination & servicing systems
We help financial institutions to automate the loan origination & servicing process by our unique platformation approach which results in reduced manual effort.
Single View of Customer
Single View of Customer
We provide a comprehensive view of customer data through our single view of customer solution, which helps financial institutions to understand customer behavior and preferences.
Mobile Banking
Mobile Banking
Our mobile banking services enable financial institutions to provide a seamless and secure mobile banking experience to their customers.
Credit decisioning tools and interfaces
Credit decisioning tools and interfaces
We offer credit decisioning tools and interfaces to help financial institutions to make informed credit decisions.
Insurance
Policy admin system customization and support:
Our policy administration system customization and support services help insurance companies to manage their policy administration process efficiently.
Claims management dev & support:
We offer development and support for claims management systems to help insurance companies process claims efficiently.
New Business processing and UW set up:
Our new business processing and underwriting setup services help insurance companies to onboard new business quickly and efficiently.
Billing solution:
We provide billing solutions for insurance companies, including billing administration, payment processing, and invoicing.
Compliance reporting:
Our compliance reporting services help insurance companies to comply with regulatory requirements and reduce compliance risks.
Customer Engagement:
We provide multichannel customer engagement solutions for insurance companies to improve customer experience.
Strong Partnerships
At Sonata, we have established strong partnerships with leading cloud providers such as AWS, Microsoft, and Google Cloud, as well as with data warehousing and business intelligence platforms such as Snowflake. These partnerships allow us to deliver innovative and scalable solutions to our BFSI clients, enabling them to leverage the latest technologies and stay ahead of the competition. With our expertise in cloud architecture and application development, we can help BFSI companies modernize their legacy system, thereby reducing infrastructure costs and improving agility. Our extensive experience in developing cloud-native applications and using containers and microservices helps us build scalable and secure solutions that can handle large volumes of transactions.
We have strong partnerships with leading SaaS providers such as Salesforce and ServiceNow. These partnerships allow us to integrate powerful platforms into our offerings for the BFSI sector, enabling our clients to leverage the full capabilities of these platforms to enhance customer experience and streamline operations. With our expertise in these platforms and their integration with other systems, we can help BFSI companies develop customized solutions that meet their unique business needs. By partnering with Sonata, BFSI companies can leverage the power of these leading platforms to transform their operations.
BFSI Tech Services
Cloud enablement / modernization
Our cloud enablement and modernization services help financial institutions to migrate their applications to the cloud and take advantage of cloud-based services.
Know More
Managed Cloud services:
Our managed cloud services provide end-to-end cloud management, including infrastructure management, application management, and security management.
Know More
Digital enablement/Analytics:
We offer digital enablement and analytics services to help financial institutions leverage digital technologies and analytics to drive business growth.
Know More
MS product related services:
We offer Microsoft product-related services, including consulting, implementation, and maintenance of Microsoft software products.
Know More
Application Modernization:
Our application modernization services help financial institutions to modernize their legacy systems to improve efficiency, reduce costs, and increase agility.
Know More
Traditional ADM & Testing services:
We provide traditional application development, maintenance, application integration and testing services for the banking and financial sector and insurance companies.
Know More