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Banking industry is going through really tough and challenging times. The subprime crisis has had a clear impact on all financial institutions across the globe. All financial institutions are striving to reduce cost and increase efficiency. In the face of current economic situation, increased competition & consolidation the financial institutions must look beyond today's crisis and prepare for tomorrow through innovation and new business models. The financial institutions must rethink their business strategies in order to optimize resources and maximize customer satisfaction. Datamatics Banking & Financial services practice ensures that these enterprises are better equipped to meet the growing demands of business, manage costs, eliminate risks & achieve high level of operational efficiencies while allowing them to focus on core business. Datamatics offers a range of comprehensive back office processing solutions for large and mid-sized banks to help the financial institutions meet their business objectives. Our solutions for the banking domain consist of - Retail Banking / Deposit Operations
- Credit Card Operations
- Consumer Loans
Banking – Suit of Services
| Services | Banking | Cards | Consumer Loans |  | - Account opening & Fulfillment
- Embossing & dispatch
| - Account opening & Fulfillment
- Embossing & dispatch
| - Application Processing
- Loans validation
- Collateral review
- Loan booking
|  | - Funds transfer
- Investments & brokerage
- Reconciliation & Posting
- Account maintenance
- Standing Instructions
- checks and returns processing
| - Authorization
- Interchange settlement
- Charge back processing
- Payments processing
- Account maintenance
- Standing Instructions
| - PDC management
- Pre-payment Processing
- Lien release
- Account maintenance
- Standing Instructions
|  | - KYC support
- MIS / Reporting tax reporting
- Information Security Administration
| - MIS / Reporting
- Risk modeling & Portfolio analysis
- Fraud detection (FEWS analysis)
| - Portfolio audit / valuation
- Investor reporting
- Document Management
- Reporting / MIS
| Our services include new account set up and maintenance, payment processing, check and returns processing, remittance processing, account reconciliation, client reporting, etc.
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