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.
BFSI
Overview
The BFSI industry is transforming with constant disruptions from FinTech offerings. Cloud adoption is vital for this transformation, providing companies with a stable and secure platform to drive growth and innovation.
Leveraging the cloud enables companies to unlock new revenue streams and achieve growth while staying resilient to disruptions.
Sonata is a leading Cloud Modernization Engineering company with a proven track record of delivering high-quality, scalable, and secure IT solutions to Fortune 500 companies in the BFSI space.
Our experts with deep and rich experience in cutting-edge technologies and regulatory compliance have enabled BFSI companies to successfully implement digital transformation initiatives and stay ahead of the competition.
Offerings
Banking and Financial Services
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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.We offer customized Know Your Customer (KYC) and Anti-Money Laundering (AML) services to ensure regulatory compliance and prevent fraudulent activities.
We offer customized Know Your Customer (KYC) and Anti-Money Laundering (AML) services to ensure regulatory compliance and prevent fraudulent activities.
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Regulatory Compliances
Our team of experts provides regulatory compliance solutions, including risk management, governance, and compliance reporting.Our team of experts provides regulatory compliance solutions, including risk management, governance, and compliance reporting.
Our team of experts provides regulatory compliance solutions, including risk management, governance, and compliance reporting.
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Single View of Customer
We provide a comprehensive view of customer data through our single view of customer solutions, which helps financial institutions understand customer behavior and preferences.We provide a comprehensive view of customer data through our single view of customer solutions, which helps financial institutions understand customer behavior and preferences.
We provide a comprehensive view of customer data through our single view of customer solutions, which helps financial institutions understand customer behavior and preferences.
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Core Banking System Support
Our core banking system support services include consulting, implementation, and maintenance of banking software systems.Our core banking system support services include consulting, implementation, and maintenance of banking software systems.
Our core banking system support services include consulting, implementation, and maintenance of banking software systems.
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Payments System Transformation
Our payment system transformation services help financial institutions modernize and streamline their payment systems to increase efficiency and reduce costs.Our payment system transformation services help financial institutions modernize and streamline their payment systems to increase efficiency and reduce costs.
Our payment system transformation services help financial institutions modernize and streamline their payment systems to increase efficiency and reduce costs.
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Mobile Banking
Our mobile banking services enable financial institutions to provide their customers a seamless and secure mobile banking experience.Our mobile banking services enable financial institutions to provide their customers a seamless and secure mobile banking experience.
Our mobile banking services enable financial institutions to provide their customers a seamless and secure mobile banking experience.
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Swift Compliance
We provide SWIFT compliance services, including messaging, integration, and support for secure financial transactions.We provide SWIFT compliance services, including messaging, integration, and support for secure financial transactions.
We provide SWIFT compliance services, including messaging, integration, and support for secure financial transactions.
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Loan Origination & Servicing Systems
We help financial institutions to automate the loan origination & servicing process with our unique platformation approach which results in reduced manual effort.We help financial institutions to automate the loan origination & servicing process with our unique platformation approach which results in reduced manual effort.
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Credit Decisioning Tools and Interfaces
We offer credit decisioning tools and interfaces to help financial institutions make informed credit decisions.We offer credit decisioning tools and interfaces to help financial institutions make informed credit decisions.
We offer credit decisioning tools and interfaces to help financial institutions make informed credit decisions.
Offerings
Insurance
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Policy Administration Systems Customization & Support
Our experienced team ensures seamless integration, efficient workflows, and ongoing technical assistance for optimal performance of policy administration systems.
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Claims Management Development & Support
Our dedicated team collaborates with insurance companies to design and build robust claims management systems that automate and streamline the claims processing workflow.
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New Business Processes and UW Support
Our solutions enable faster application processing, effective risk assessment, and streamlined workflows, helping our clients enhance their underwriting capabilities and drive growth.
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Billing Solutions
Our billing systems are designed to handle premium billing, invoicing, and payment processing efficiently. We ensure accurate and timely transactions, improving financial operations.
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Compliance & Reporting
Our solutions include automating compliance processes and providing comprehensive reporting capabilities for informed decision-making and audit purposes.
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Insurance Analytics & Insights
Our analytics solutions cover claims analysis, customer segmentation, pricing optimization, and fraud detection, empowering our clients to make informed decisions.
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Customer Engagement
Our solutions include self-service portals, mobile apps, and personalized communication channels that enable insurers to engage with their policyholders effectively.
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Fraud Detection
Our solutions help insurance companies identify potentially fraudulent activities, enabling them to mitigate risks and minimize financial losses.
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Automated Underwriting
Our solutions leverage intelligent algorithms to streamline the underwriting process that improves risk assessment and accelerates policy issuance.
BFSI Tech Services
Managed Cloud Services
Our managed cloud services provide end-to-end cloud management, including infrastructure management, application management, and security management.
Digital Enablement / Analytics
We offer digital enablement and analytics services to help financial institutions leverage digital technologies and analytics to drive business growth.
MS Product-Related Services
We offer Microsoft product-related services, including consulting, implementation, and maintenance of Microsoft software products.
Application Modernization
Our application modernization services help financial institutions to modernize their legacy systems to improve efficiency, reduce costs, and increase agility.
Digital Assurance Services
We provide traditional application development, maintenance, application integration, and testing services for the banking and financial sector and insurance companies.
Our Partnerships
At Sonata, we collaborate with leading cloud providers like AWS, Microsoft, and Google Cloud, along with data warehousing and business intelligence platforms such as Snowflake, empowering our BFSI clients with innovative, scalable solutions.
Our expertise in cloud architecture and application development helps modernize legacy systems, reduce costs, and enhance agility.
Through alliances with Salesforce and ServiceNow, we unlock the full potential of their platforms, improving customer experiences and streamlining operations.
With our platform integration expertise, we deliver tailor-made solutions to meet unique business requirements. Partner with Sonata to transform your BFSI operations through strategic alliances.
Our team of experts is ready to connect with you. Schedule a Meeting