Banking & Finance Industries

VMO offers comprehensive information technology solutions as revolutionary instruments to enhance the financial institutions to add more value to their products and services, gain competitive advantage, and increase customer loyalty while also attracting new clients. VMO delivers state-of-the-art portal and applications supported by highly robust applications hosting facilities, network/system and infrastructures for "true" e-banking, e-commerce, e-finance, e-learning and e-government solutions for enhancing the financial markets. VMO’s solutions empower Banks, stock exchanges, departments of treasury & taxation, corporate finance, as well as security exchange firms and financial transaction mediators to enhance and expand their current products and services through the added efficiencies, capabilities and resources..

Banks and financial institutions rely heavily on secure, highly available networks to deliver their many applications and services to customers, employees, and other users. The ability to perform banking transactions online has created new players in the financial industry, such as online Banks and brokers who offer personalized services through their Web portals. This increased competition is driving traditional financial institutions to find new ways to add value to their products and services, gain competitive advantage and increase customer loyalty while also attracting new, high-value clients. Mobile and wireless technology, combined with the wide variety of portable devices available today, enables new revenue opportunities for financial services organizations.

Banking and financial services businesses have to deal with increasing globalization in a fast paced environment. This has led to issues like fierce competition, a complex regulatory environment and increased efficiency pressures. Economies of scale and the capability to innovate will prove to be sustainable competitive advantages and these can be achieved only by making intelligent technology decisions.

VMO’s Banking Solution integrates all the requirements for an outstanding financial destination, including consumer banking, wireless application support, bill presentment and payment, bill payment and transfer warehouse, content, account aggregation, one-to-one marketing and customer care. VMO team has worked to provide a solution that offers the industry's best user experience. In addition, world-class partnerships enable VMO to offer Application Service Provider (ASP) model or Enterprise Class Hosting environment. Banking Solution is designed for transaction intensive deployments that require scalability and high availability. Through its design for separating business logic from the presentation layer, the solution can be readily customized for different segments and brands.

Our technical expertise includes:

* Aligning business processes to provide customer concentric services
* Increase outsourcing initiative enabling reduction in application development time and cost
* Encourage technology standardization for better scalability and techno-operational flexibility
* Continuously reengineer and reinvent the business and operational processes
* Intensify use of control procedures to detect fraud and to meet regulatory requirements
* Consolidated balance reporting
* Foreign exchange transactions
* Lockbox summary and detail reporting
* Positive pay
* ACH payments and transfers
* Wire payments
* Imaging services
* Bill Payment

VMO offers the following Banking & Finance-based development services:

* Development of custom solutions for Banking and Finance
* Enterprise Content Management solutions
* Debt Collection System
* Real-time solutions for data exchange
* Bulk data processing solutions
* Support of various systems, such as Operations and Business Support Software
* Banking, Finance & Securities Consulting services