Financial Services

Financial Services Solutions by Avekshaa Technologies

Empowering Financial Innovations with Robust Technology Solutions

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Challenges faced by Finance Industry

01

Navigating Market Volatility: Financial institutions must adapt to rapid market shifts that impact operations and require agile strategies.

02

Technology Integration: Embracing advanced technologies like AI and blockchain is crucial to meet evolving customer demands and improve service quality.

03

Regulatory Compliance: Increasing regulatory and investor scrutiny demands robust compliance, challenging flexibility and adherence to standards.

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User Experience Enhancement: Constant refinement of Fintech applications is necessary to ensure ongoing customer satisfaction.

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Complex System Implementations: Seamless integration of sophisticated financial systems is critical to maintain uninterrupted operations.

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Accelerating Digital Initiatives: Reducing time-to-market for digital projects is essential to maintain competitiveness and operational efficiency.

Avekshaa Solutions for the Finance Industry

Avekshaa Technologies empowers the finance sector with cutting-edge, tailored solutions designed to optimize performance, enhance security, and drive digital transformation. Our strategic approaches and technologies address specific industry challenges, ensuring our clients not only keep pace but lead in their markets.

Application Performance Engineering (APE)

We focus on proactive performance engineering to ensure applications are efficient, reliable, and scalable right from the development phase. This approach minimizes risk, reduces cost overruns, and accelerates time-to-market by catching issues early in the SDLC.

Application Performance Management (APM)

Our APM solutions provide full-stack observability and proactive management of production applications. This ensures continuous operational excellence and improves both the scalability and reliability of financial services, leading to increased customer satisfaction and operational efficiencies.

Digital Experience Minitoring

Leveraging advanced machine learning and AI technologies through our proprietary appNeura DEM, we offer digital experience monitoring to enhance user interactions on web and mobile platforms. This solution aims to deliver a seamless and engaging customer experience, evidenced by significant improvements in response times, reduction in bounce rates, and enhanced SEO rankings, culminating in increased customer engagement and loyalty.

Site Reliability Engineering (SRE)

Our SRE services focus on ensuring the reliability and scalability of your banking services under diverse operational loads. With 24/7 monitoring, capacity planning, performance optimization, and automated routine tasks, we dramatically reduce downtime and operational costs, thereby enhancing the overall stability and reliability of banking operations.

Digital Experience Monitoring (DEM)

Leveraging AI and machine learning with our proprietary appNeura DEM tool, we enhance the online experience across digital platforms. Our solutions aim to optimize user interactions, reducing bounce rates and improving response times, which in turn boosts customer retention and loyalty.

Site Reliability Engineering (SRE)

We ensure that financial services are reliable and scalable, handling diverse loads with ease. Our SRE solutions include around-the-clock monitoring, automated management tasks, and performance optimization, significantly reducing downtime and operational costs.

Cloud Engineering and Migration Assurance

We support seamless cloud transitions, ensuring no service disruptions while managing increased data loads effectively. Our comprehensive readiness assessments and optimizations facilitate a smooth migration, allowing financial institutions to leverage cloud innovations successfully.

Independent Testing and Quality Assurance

Our thorough testing services encompass performance, automation, and functional testing integrated with CI/CD pipelines to support rapid development and deployment. This ensures that all financial applications meet the highest standards of quality and regulatory compliance.

Quality - Digital Assurance Center of Excellence (CoE)

Our Quality CoE optimizes testing processes across all digital platforms, improving test automation coverage and reducing risks. This strategic focus enhances digital service delivery, helping financial institutions stay competitive and meet customer expectations in the digital age.

From Performance to Reliability: Why Avekshaa is Your Ideal Technology Partner

Avekshaa Technologies stands out as a leader in enhancing performance and ensuring reliability in the finance sector. Here are six reasons why we are your go-to partner for technology solutions:

Commitment to Performance Excellence

We employ advanced Application Performance Engineering and Management to ensure your financial systems not only meet but exceed performance expectations, effectively minimizing downtime and enhancing service delivery.

Expertise in Digital Experience Monitoring

Our use of sophisticated machine learning and AI technologies through appNeura DEM ensures that your digital platforms deliver a seamless and engaging customer experience, crucial for retaining client loyalty in the competitive financial market.

Proactive Site Reliability Engineering

Our SRE services guarantee that your financial services remain robust under diverse operational conditions. We emphasize continuous monitoring and capacity planning, significantly reducing potential financial and reputational risks associated with system downtime.

Advanced Cloud Migration Strategies

We facilitate smooth transitions to cloud infrastructure, equipped to handle the complexities and scalability demands of the finance industry. Our strategic migration plans ensure zero disruption, maintaining continuity and efficiency of your financial services.

Comprehensive Testing and Quality Assurance

With a focus on independence and thoroughness, our testing services cover all bases from performance to functionality, ensuring software reliability and regulatory compliance, which are critical for financial institutions.

Quality Assurance Center of Excellence

Our Quality CoE integrates agile testing processes that reduce time-to-market while enhancing software quality across digital channels. This enables financial institutions to rapidly adapt to market changes without compromising on service quality.

Our Case Studies

top view businessmen analyzing bar charts laptop

200% performance improvements and complete compliance in bank’s RTGS batch processes

A large bank’s Real Time Gross Settlement (RTGS) batch processes were missing their completion windows and the problem got worse exactly when

motivational composition goal achievement

Performance and down-time issues crippling bank’s productivity across 3000 branches and 10,000 ATMs

3-4/day → 0Web server outages eliminated 50%Faster database response times 3,000+Branches affected 10,000ATMs affected When a core banking platform serves 3,000 branches

Severe performance issues affecting 15,000+ users of bank’s Internet services

15,000+Internet banking users affected 20%+Database-layer downtime reduction 30%+Application-layer downtime reduction 50%Reduction in downtime incidents More than 15,000 users depended on this bank’s

Cloud-based core banking services facing multiple outages and unable to handle the volume of 300,000 P-A-S-S Engineering

Challenge A large cloud services company offered financial services via a cloud-based core banking product. A rural banking service used by one

Our clients simply love our work

Reliance Industries’ technology leaders talk about the importance of proactive performance engineering and the role Avekshaa played in successful performance engineering of one of the largest Digital transformation programs in the world involving 100 million+ users with 10-20 million concurrency.

Mr. Anish Shah, President, IT, Reliance Jio and Mr. Kiran Thomas, President, Reliance Industries

We are delighted with the results delivered by the Avekshaa team. Avekshaa Technologies consistently bring a deep understanding of improving efficiency and Reliability of critical applications. They are a top-class in IT system performance optimization

Mr. RVS Sridhar, Former President IT & Retail Banking Operations, Axis Bank

Avekshaa Technologies has closely and proactively worked with our team and other partners in our complex big bang core banking migration exercise and helped us in our objective to go-live with zero-defect and zero-downtime in short window of less than 48 hours. Avekshaa experts were engaged in the early stages of our migration program, and provided us with consistent and extensive support throughout this program in load testing the system for desired performance and scalability. Working with Performance experts from Avekshaa helped us identify areas for improvement to achieve a significantly higher degree of performance, mitigate technology failure related business risks and achieve this complex goal.

Mr. Rajiv Sabharwal, Former ED & Board member, ICICI Bank

Avekshaa brings in best in class expertise, domain experience, rich case studies and above all highly professional processes and methodologies which deliver truly world class results. Their solutions in the Performance engineering and optimization space – like improving performance, availability and scalability of business-critical IT systems are proactive and holistic with a clear long term in the perspective.

Avekshaa constantly strives to go the extra mile to exceed the expectations hence positioning them amongst the leaders. We are extremely happy with our association with them and look forward for an ongoing partnership with Avekshaa to deliver best in class solutions to our clients. Wish Avekshaa the very best always.

Mr. Rajeswar, Member of Board-Advisory Genisys Group, Evangelist Technology, Strategy and Business Excellence

Finacle core banking implementation was one of the most significant steps in the Bank’s transformation journey. With able support from Avekshaa, the transformation journey was seamless. Further, the Bank’s ambition for significant growth, in terms of client base, physical branch network, distribution channels as also the range and sophistication of its product suite, is seen to widen further.

Mr. Paul Abraham, Former Chief Operating Officer & Board member, IndusInd Bank

We are delighted with the work done by Avekshaa consultants. Application response time has improved which will significantly help in improving end user experience and will encourage our clients to increasingly use on-line channels.

Sanjay Jaiswal, Former VP-IT. IndusInd Bank

Avekshaa focuses on solving complex issues in performance, availability and scalability that impact business-critical IT systems. Their solutions prevent business disruptions due to technology failures. They want you to sleep well in the night.

Mr.Subrat Mohanty, Former Senior Executive Vice President & Head-Strategy Ops, BS&T & Health, HDFC Life

We are extremely happy with our engagement with Avekshaa. They delivered exactly what they had committed in terms of Core Application performance improvements. Avekshaa consultants are very professional and knowledgeable; they worked seamlessly with multiple teams to achieve the results.