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IT solutions for banking financial

Are you looking for robust and reliable IT solutions for the banking and financial industry? Look no further! We offer cutting-edge technology solutions tailored specifically for the unique needs of the banking and financial sector.<br><br>At Techwave, we understand the critical importance of technology in today's banking landscape. Our comprehensive IT solutions are designed to optimize operations, enhance security, and improve customer experience.

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IT solutions for banking financial

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  1. 7/10/23, 5:48 PM IT Solutions for the Banking and Finance Sector | Techwave BANKING AND FINANCE MODERN, FLEXIBLE, RESILIENT The ?nancial world stands at the cusp of a digital revolution, with massive opportunities for those who are ready. OVERVIEW The cross-border payment industry is undergoing signi?cant growth, with an estimated increase in value from $150 trillion in 2017 to $250 trillion by 2027. The World Bank is monitoring the global average cost of sending a $200 international payment, which stood at 6.01% in June 2022, and aims to halve this to 3% by 2030.  https://techwave.net/banking-and-finance/ 1/14

  2. 7/10/23, 5:48 PM IT Solutions for the Banking and Finance Sector | Techwave The G20 has established a roadmap to enhance cross-border payments to meet this target, which includes adopting ISO 20022 as the global messaging standard, harmonizing approaches to data protection and privacy, and adopting common data sharing standards. The roadmap also explores ways to reduce frictions in cross-border payments by examining factors such as screening frequency, value thresholds, intermediary dependency, interlinking payment systems, and reciprocal liquidity arrangements.  Techwave offers various banking and ?nancial industry IT services and solutions to help companies navigate the challenges of the cross-border payment industry. These services include ISO 20022 Payments Data Management, App Modernization, and API Ecosystem Management. With its team of professionals, including data management specialists with extensive experience in the Cross Border Payments domain and ISO 20022 messaging standards, and technology experts with expertise in cloud-native systems and solutions, Techwave is equipped to help companies effectively manage their payments data, transform their legacy platforms into cloud-native systems, and effectively manage their API ecosystems.  https://techwave.net/banking-and-finance/ 2/14

  3. 7/10/23, 5:48 PM IT Solutions for the Banking and Finance Sector | Techwave OUR SERVICES At Techwave, we proudly offer unparalleled services and IT solutions for the banking and ?nance sector. Our unique combination of domain expertise, technological know-how, and exceptional delivery capabilities allows us to create customized IT solutions for ?nancial services tailored to meet each client’s needs. With a proven track record of success, we have established ourselves as the premier provider for forward-thinking ?nancial institutions. Our strategies and IT solutions for the banking and ?nance sector are designed to help our clients stay ahead of the curve. By harnessing the power of cloud computing and big data, our solutions will give you the tools to transform your decision-making processes, stay ISO 20022 compliant, and remain at the forefront of the ever-evolving ?nancial services industry landscape. ISO PAYMENTS DATA MANAGEMENT https://techwave.net/banking-and-finance/ 3/14

  4. 7/10/23, 5:48 PM IT Solutions for the Banking and Finance Sector | Techwave Financial services industry is eager to adopt ISO 20022 and implement best practices for payments data management to reap the signi?cant bene?ts of increased automation, faster processing times, improved reconciliation processes , reduced ?nancial crime risk, and enhanced data-driven insights. These advancements will help organizations stay ahead in the rapidly evolving world of ?nance and enhance their competitiveness in the marketplace.  Our team of highly skilled data management professionals, with extensive experience in the Cross Border Payments domain and a deep understanding of ISO 20022 messaging standards, is poised to provide top-notch payments data management services. With expertise in organizing, storing, and analyzing payments data, our team is equipped to deliver comprehensive, effective, and reliable ?nancial IT solutions for all your payments data management needs.  APP MODERNIZATION G20 aims to lower the average payment cost by adopting common data sharing standards, ISO 20022. However, this implementation presents challenges for banks, payment service providers, and ?ntech ?rms still using outdated platforms. https://techwave.net/banking-and-finance/ 4/14

  5. 7/10/23, 5:48 PM IT Solutions for the Banking and Finance Sector | Techwave Techwave offers a comprehensive solution to address this issue, leveraging its expertise in Cross Border Payments, ISO 20022 messaging, and technology. Our services aim to modernize legacy systems in the BFSI industry and transform them into cloud-native platforms.  API ECOSYSTEM MANAGEMENT https://techwave.net/banking-and-finance/ 5/14

  6. 7/10/23, 5:48 PM IT Solutions for the Banking and Finance Sector | Techwave To streamline cross-border payments and minimize friction, banks and payment companies are exploring intermediary dependency, interlinking payment systems, and reciprocal liquidity arrangements. Compliance with regulations such as PSD2 is also a key concern for banks. To help meet these challenges, our team of technology experts offers a range of IT solutions for the banking and ?nance sector.  With extensive experience in cloud-native systems and solutions and pro?ciency in API ecosystem management, we are well-equipped to support your needs.  OUR EXPERIENCE PAYMENTS https://techwave.net/banking-and-finance/ 6/14

  7. 7/10/23, 5:48 PM IT Solutions for the Banking and Finance Sector | Techwave Cross Border Payments  Payment Acquisition  Multi formats Payouts  Settlements & Reconciliation  Corporate-Bank Interactions  APIs – B2B integrations  Funds Management  Push to Wallets  Push to Accounts  FINANCIAL MESSAGING Message Validation  Data Enrichment  Transform Message  Message Flow  MT/MX Migration  Message Formats (ISO 20022, SWIFT)  Payment Rails  COMPLIANCE & REGULATION Wire Transfer Regulation (WTR)  https://techwave.net/banking-and-finance/ 7/14

  8. 7/10/23, 5:48 PM IT Solutions for the Banking and Finance Sector | Techwave Sanctions Screening  Anti Money Laundering  Clink, ComplyAdvantage, Guvnor, Actimize, RHDM FOREX Cash Management  Treasury Management  Settlements  Margins & Quotes  Rate Streaming  Spot/Forward/Swap  Retail & Corporate FX  Realtime Feed Integration  INSIGHTS https://techwave.net/banking-and-finance/ 8/14

  9. 7/10/23, 5:48 PM IT Solutions for the Banking and Finance Sector | Techwave APPLICATION MODERNIZATION WHITEPAPER ISO 20022 adoption is a key enabler for Open Banking. ISO 20022 messaging standard improves the capture and transfer of data, making payments more e?cient and faster, and allowing companies to have more complete, better organized, and standardized data. This will not only improve the end client experience but also provide opportunities for developing new products and services. Not limited to payments, ISO 20022 covers the entire spectrum of ?nancial messaging across Banks,Financial Services Companies, and Corporations. Read More → https://techwave.net/banking-and-finance/ 9/14

  10. 7/10/23, 5:48 PM IT Solutions for the Banking and Finance Sector | Techwave CYBER SECURITY WHITEPAPER OUR VALUE PROPOSITION  ADVISORY SERVICES Strategy Assessment Business Requirement Analysis Migration roadmap Technology evaluation https://techwave.net/banking-and-finance/ 10/14

  11. 7/10/23, 5:48 PM IT Solutions for the Banking and Finance Sector | Techwave Determine services/solution framework Security framework DELIVERY EXECUTION Architect service/solution Setup policies, procedures, and processes Custom solution development Identify/Implement third party products/solutions System Integration Documentation SUPPORT SERVICES 24/7 SLA-based support Application Management Performance monitoring Root cause analysis and process/performance improvement https://techwave.net/banking-and-finance/ 11/14

  12. 7/10/23, 5:48 PM IT Solutions for the Banking and Finance Sector | Techwave WHY TECHWAVE? Techwave is a leading provider of services and IT solutions for the banking and financial services industry. With a proven track record of success and an enviable reputation as the go- to provider for forward-thinking financial institutions, our solutions are designed to help our clients stay ahead of the curve and remain at the forefront of the ever-evolving financial services industry. One of the areas where we excel is implementing ISO 20022 and best practices for payments data management. Our team of highly skilled data management professionals, with extensive experience in the Cross Border Payments domain and a deep understanding of ISO 20022 messaging standards, is poised to provide top-notch payments data management services. With expertise in organizing, storing, and analyzing payments data, our team is equipped to deliver comprehensive, effective, and reliable banking and finance solutions that bring significant benefits in increased automation, faster processing, more effective reconciliations, improved mitigation of financial crime risk, and better data-driven insights. In conclusion, if you are looking for a provider to help you stay ahead in the rapidly evolving world of finance and enhance your competitiveness in the marketplace, look no further than Techwave. Our bespoke systems and expert team of professionals are poised to deliver innovative and effective banking and financial IT solutions that meet your unique needs and drive your success. BANKING AND FINANCE https://techwave.net/banking-and-finance/ 12/14

  13. 7/10/23, 5:48 PM IT Solutions for the Banking and Finance Sector | Techwave Let’s Get Started Are you ready for a smarter, more productive approach to your business? Get in touch today. First name* Last name* Company name* Job title* Email* Phone number* Submit ABOUT TECHWAVE Techwave is a leading global IT and engineering services and solutions company revolutionizing digital transformations. We believe in enabling clients to maximize the potential and achieve a greater market with a wide array of technology services, including, but not limited to, Enterprise Resource Planning, Application Development, Analytics, Digital, and the Internet of things (IoT).  https://techwave.net/banking-and-finance/ 13/14

  14. 7/10/23, 5:48 PM IT Solutions for the Banking and Finance Sector | Techwave SERVICES Enterprise Digital Services Engineering Services Enterprise Business Services PLATFORMS SupplyVu™ Autonetics Platform Hybrid Cloud Management COSMOS IoT GLOBAL HEADQUARTERS 13501 Katy Fwy Suite 1000, Houston, TX 77079, USA. Ph:+1 281 829 4831 info@techwave.net FOLLOW US  Techwave © 2022 All Rights Reserved. | Privacy Policy | Cookie Policy | https://techwave.net/banking-and-finance/ 14/14

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