Financial Services

The fast pace of change in the global financial services industry has created the need for a new generation of complex IT solutions that operate in real time with continuous availability and reliability. The challenges faced by the industry are forcing organizations to keep pace with technological advances and to become more proactive and efficient while reducing costs.

It is widely acknowledged that around 50-60% of future IT initiatives will be concerned with compliance, with Sarbanes Oxley, Basel II (Europe) and MiFID (Europe) at the top of the list. A further third of IT investment will be focused at reducing costs of operations.

AppLabs has extensive experience and in-depth understanding of the financial services industry, continually delivering result-oriented and cost-effective services to support our clients around the world to help them meet the challenging requirements of the industry.

In the current climate, the financial services industry is driven by the following issues and business opportunities:

• Compliance and regulatory changes
  
• Improving customer service and retention of customers
  
• Reducing operating costs across both the business and IT
  
• Acquiring new customers through competitive market initiatives
  
• Mergers and Acquisitions across the industry
  
• Technological changes such as Vista and SOA based solutions

AppLabs is focused on delivering quality management and testing services that support clients implementing solutions for their customers across the globe. The knowledge gained from 500+ engagements across the financial services industry ensures that the client not only has testing expertise available, but also benefits from the value added knowledge of the industry and the need to deliver business results.