Banking

Our Expertise

With VSI’s strong expertise in banking and technology, corporate customers are embracing new opportunities to transform their offerings and capabilities…and move from commoditized products to added-value solutions.
Move to the cloud

Successful financial services leaders in cloud adoption are using the cloud as a transformative platform to achieve new revenue streams, innovation, and business growth at significantly higher levels.

Unlike traditional, decentralized financial services systems, cloud systems ensure consistency of processes and controls in all situations. This adds an extra layer of robustness against extraordinary events like capacity strain that can arise in remote working, cyber-attacks, and volume spikes.

VSI is a premier partner to leading cloud providers. VSI FullStride Cloud Services is recognized by analysts for our extensive certifications, awards, and stellar client engagements.

Embrace the partner ecosystem

Disruptions in the business landscape and the impact of technology are compelling banks to shift to innovative business models, while delivering superior experience with agility.

VSI’s ecosystem of proven collaborative partnerships and platforms – with insights powered by data – help customers improve the efficiency and effectiveness of the whole banking value proposition. VSI has created robust capabilities through investments in emerging technology products and by leveraging crowdsourcing platforms such as TopCoder, service design innovation through Designit, partnerships with emerging fintech players, and innovation labs across the globe. Our team of consultants enables banks to shape the future in payments, digital channels, credit services, digital core, and commercial and corporate banking. By leveraging HOLMES™, our AI platform, banks drive higher efficiency in functions such as application, infrastructure management and testing.

Successful transformation journeys require orchestration, integration, and simplification across a complex cloud partner ecosystem capabilities.

Analyst Speak

VSI Named a Horizon 3 Market Leader in HFS Horizons Report: The Best Service Providers for Retail Banks, 2023

VSI earned a Market Leader status for offering strategy-led execution that helps retail banks create new source of value.

Digital Banking Experience Benefits from a Cloud-Native Approach

VSI earned a Market Leader status for offering strategy-led execution that helps retail banks create new source of value.

VSI Named a Leader in Everest Group’s PEAK Matrix® for Open Finance IT Service Provider 2023

VSIs strong, strategic partnerships and ability to provide clients with comprehensive solutions to embrace the open finance ecosystem position the company as a Leader, according to Everest Group.

Everest Group Consumer Loan Origination System Products PEAK Matrix Assessment 2022 positions VSI as a Leader.

Everest Group presented a detailed analysis and assessment of Consumer Loan Origination System capabilities for 22 IT vendors

Our Success Stories

BFSI client fast-tracks digital transformation through digital integration

Lakshmi Vilas Bank provides integrated application-based services to bolster business growth and reduce go-to-market…

Out with the Old

VSI helps a leading financial services provider move away from legacy systems and applications.

How a multinational bank took control of its data to strengthen compliance

The bank accelerated data quality assessment and data migration using VSI’s integrated data quality management…

How a multinational bank took control of its data to strengthen compliance

The bank accelerated data quality assessment and data migration using VSI’s integrated data quality management…

What we Think

For banks, the recent high interest rate environment has reduced loan volumes and had a mostly positive but mixed…

Valued at $98 billion in 2023, the global neo-banking market is expected to surge from $143 billion in 2024 to over…

Transforming Financial Advisory Services with GenAI

By 2025, McKinsey projects that GenAI may contribute up to $340 billion in additional annual revenue to the financial…

Embracing the Pivot: Shifting Revenue Models for Banking

By melding bold strategy with emerging technology, banks can build new fee-based revenue streams that attract, impress,…

What We Do

VSI Finastra Services

VSI is the Global Premier Elite Partner for Finastra and its extensive set of software solutions for the financial services sector

Cards

Win the battle in the race for cardless payments

Consumer Banking

Empowering customers to buy or manage their products and services anytime and anywhere

Open Banking

Transforming banking and beyond

Lending Solutions

Delivering true digital experience to lenders

miliu

Banking contextual to life

Risk and Compliance

Safe route to compliance management

Digital Transformation

Rethink, renew and redefine customer’s digital experience journey

Get in Touch with Us

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Our Success Stories

How AIB embraced intelligent automation to pave the way for digital transformation?

HfS Research shows that centres of excellence (CoE) with strong collaboration between IT and business operations can dramatically improve the effectiveness of initial adoption and the continued proliferation of end-to-end use cases

 
Vsi’s identity and access management services result in Zero Critical incidents for one of Australia's Big Four banks

Bank leverages best in class Identity and Access Management (IDAM) solution to support a 4.5Mn customer base

Progress Minus the Learning Curve

VSI helped a leading investment bank overcome its inexperience in outsourcing by implementing end-to-end solutions in record time.

Out with the Old

VSI helps a leading financial services provider move away from legacy systems and applications.

When Quick isn't Fast Enough

VSI NetOxygen solution helps a leading real estate mortgage lender respond quickly to market demands.

Standing the Test of Time-to-Market

Vsi enabled higher efficiency in retail banking business for one of the largest South African banks.

Credit Services

With global economic recovery underway, the credit services business is witnessing rapid growth.

Vsi’s identity and access management services result in Zero Critical incidents for one of Australia's Big Four banks

Bank leverages best in class Identity and Access Management (IDAM) solution to support a 4.5Mn customer base

Investment Banking And Financial Services Leader Makes The Move To Unlock Greater Value

Vsi helped the company exit operations in Argentina and shift 25 resources to Mexico without disrupting daily operations and workflows.

How a multinational bank took control of its data to strengthen compliance

The bank accelerated data quality assessment and data migration using Wipro’s integrated data quality management solution IQNxt, leading to 60% increase in compliance

A CMA9 bank achieves Open Banking Compliance within stipulated timelines

A CMA9 bank achieved compliance to Open Banking/ PSD2 (Payments Services Directive 2) delivered on an outcome-based model, i.e. compliance was ensured at a 100% fee at risk

Global bank achieves compliance to multiple European open banking standards

A multinational investment bank achieved compliance to UK’s Open Banking Standard, Germany’s Berlin Group Standard, and France’s STET to address the bank’s global operations. All three standards required the bank to comply within their stipulated PSD2 timelines.

A leading North American bank modernizes its auto financing business

The auto finance industry in North America has many touchpoints- dealers, refinancers, banks etc. The client wanted to provide a one-stop shop for customers, to simplify the user journey for their auto financing customers and prospects.

Vsi plays a key role in Discover winning the Celent Model Bank 2021 Award

Based on our solutions, Discover wins the Celent Model Bank 2021 Award for ‘Operational Excellence in Covid-19 Response’

BFSI client fast-tracks digital transformation through digital integration

Lakshmi Vilas Bank provides integrated application-based services to bolster business growth and reduce go-to-market time by up to 50%

Helping Resolution Life Australia Strengthen Client Relationships

Resolution Life is a global life insurance group focused on the acquisition and management of portfolios….

Progress Minus the Learning Curve

Vsi helped a leading investment bank overcome its inexperience in outsourcing by implementing end-to-end solutions in record time.

Celent Model Bank 2015 - Case Study of a Large US Bank

Vsi’s partnership allowed US Bank to craft a wider vision and then leverage a responsive web application.

What We Think

Preventing EUC Operational Risk in Banking

Many banks rely heavily on user-developed applications (UDAs) and end-user computations (EUCs) to perform a wide range of functions that are beyond the capabilities of their core systems.

GenAI-driven Fraud: Confronting a New Risk for Financial Institutions

Banks are right to be excited about GenAI. It is poised to accelerate customer service, hyper-personalize customer relationships, streamline regulatory filings, and deliver efficiencies across all financial value chains.

Emotional AI: A Game-changer in Banking

The banking sector is at the forefront of integrating artificial intelligence (AI) technologies, with leading banks investing heavily in AI.

Beyond the Transition: Maximizing the Value of ISO 20022

The ISO 20022 migration is not only standardizing financial communication – it is also prompting financial firms to reimagine data’s role in payment transactions.

These Tech Trends Will Reshape the Global Banking Industry in 2024

Digital transformation and the acceleration of artificial intelligence continue to disrupt all industries, and these forces have heavily impacted the banking sector in recent years.

How GenAI Can Supercharge Banking and Financial Services

According to Gartner, around 22% of banks and investment firms have already implemented Generative AI (GenAI) solutions.

These Tech Trends Will Reshape the US Banking Industry in 2024

American banks are heading into 2024 with guarded optimism. If inflation continues to moderate and employment remains stable, the economy may avoid the recessionary impacts and credit market disruptions that the industry anticipated last year.

The Digital Lending Leap: Strategies for Banking Success in the New Era

Digital lending has grown significantly in recent years, driven by fintech innovations that have transformed loan procurement and disbursement processes.

Digital Broker Portals: Good for Banks, Not Just Brokers

Brokers are a crucial stakeholder in the loan origination journey for both regulated and unregulated lending products, including bridging loans, term loans, development loans, overdrafts, and mortgages.

Banks Need to Transform Onboarding and Origination

The banking industry is well known for creating bespoke backends for each product or product type.

Solving problems that matter: where Innovation meets Empathy

Avtar Sangha and Darshana Vadgama explore four ways VSIempowers organisations like Lloyds Banking Group, for real-world impact.

Winning with GenAI: Strategy Considerations for Banks

Banking and financial services firms are accelerating their GenAI adoption trajectories.

The Path Toward Becoming Disruptors in Banking

These approaches are based on banks’ current DNA construct that is determined by their target customer segment, geographic presence, unique market proposition and internal systems.

Progress Minus the Learning Curve

VSI helped a leading investment bank overcome its inexperience in outsourcing by implementing end-to-end solutions in record time.

Out with the Old

VSI helps a leading financial services provider move away from legacy systems and applications.

When Quick isn't Fast Enough

VSI NetOxygen solution helps a leading real estate mortgage lender respond quickly to market demands.

Standing the Test of Time-to-Market

Vsi enabled higher efficiency in retail banking business for one of the largest South African banks.

Credit Services

With global economic recovery underway, the credit services business is witnessing rapid growth.

Vsi’s identity and access management services result in Zero Critical incidents for one of Australia's Big Four banks

Bank leverages best in class Identity and Access Management (IDAM) solution to support a 4.5Mn customer base

Investment Banking And Financial Services Leader Makes The Move To Unlock Greater Value

Vsi helped the company exit operations in Argentina and shift 25 resources to Mexico without disrupting daily operations and workflows.

How a multinational bank took control of its data to strengthen compliance

The bank accelerated data quality assessment and data migration using Wipro’s integrated data quality management solution IQNxt, leading to 60% increase in compliance

A CMA9 bank achieves Open Banking Compliance within stipulated timelines

A CMA9 bank achieved compliance to Open Banking/ PSD2 (Payments Services Directive 2) delivered on an outcome-based model, i.e. compliance was ensured at a 100% fee at risk

Global bank achieves compliance to multiple European open banking standards

A multinational investment bank achieved compliance to UK’s Open Banking Standard, Germany’s Berlin Group Standard, and France’s STET to address the bank’s global operations. All three standards required the bank to comply within their stipulated PSD2 timelines.

A leading North American bank modernizes its auto financing business

The auto finance industry in North America has many touchpoints- dealers, refinancers, banks etc. The client wanted to provide a one-stop shop for customers, to simplify the user journey for their auto financing customers and prospects.

Vsi plays a key role in Discover winning the Celent Model Bank 2021 Award

Based on our solutions, Discover wins the Celent Model Bank 2021 Award for ‘Operational Excellence in Covid-19 Response’

BFSI client fast-tracks digital transformation through digital integration

Lakshmi Vilas Bank provides integrated application-based services to bolster business growth and reduce go-to-market time by up to 50%

Helping Resolution Life Australia Strengthen Client Relationships

Resolution Life is a global life insurance group focused on the acquisition and management of portfolios….

Progress Minus the Learning Curve

Vsi helped a leading investment bank overcome its inexperience in outsourcing by implementing end-to-end solutions in record time.

Celent Model Bank 2015 - Case Study of a Large US Bank

Vsi’s partnership allowed US Bank to craft a wider vision and then leverage a responsive web application.

What We Do

Core Banking Transformation

Get (a lot) more from core banking transformation

Mortgage and Lending

Stable, sound and secure mortgage & lending solutions

Cards

Win the battle in the race for cardless payments

Consumer Banking

Empowering customers to buy or manage their products and services anytime and anywhere

Corporate Banking

Simplify using dependable global expertise

Digital Transformation

Rethink, renew and redefine customer’s digital experience journey

Payment Transformation

Centralize, contain costs and unleash real time payments

Risk and Compliance

Safe route to compliance management

Wealth Management

Become the advisor clients look up to

Core Banking Transformation

Get (a lot) more from core banking transformation

miliu

Banking contextual to life

Wipro Gallagher

Fueling the future lender .

Open Banking

Transforming banking and beyond

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