Accelerating Digital Trust, Innovation, and Operational Resilience in Financial Services

Helping banks, insurers, fintech firms, and capital markets leaders modernize systems, strengthen compliance, and deliver intelligent customer experiences.

Process Paramarsh supports financial institutions with secure, compliant, and scalable transformation across banking, insurance, payments, and capital markets. Our solutions modernize core systems, strengthen risk control, improve customer experience, and enable data-driven decisions.

Financials Industry Overview

Financial services organizations are entering a new era shaped by customer expectations, fintech competition, regulatory pressure, cybersecurity risk, and rapid innovation in payments, digital identity, and embedded finance. Banks are modernizing core systems and migrating to cloud. Insurers are digitizing claims and underwriting. Capital markets firms are embracing automation and analytics to reduce operational risk.

Regulators are increasing scrutiny of data governance, AI use, and financial crime prevention. At the same time, customers expect seamless digital engagement and personalized financial products. Process Paramarsh helps financial institutions modernize technology, improve operational resilience, enhance compliance, reduce cost, and deliver trusted digital experiences.

Key Challenges in Financials

Financial institutions face operational inefficiencies, legacy systems, compliance complexity, data fragmentation, and growing cyber threats while trying to deliver superior digital experiences.

Fragmented Legacy Core Systems

Outdated and siloed platforms limit innovation, increase operational cost, and prevent rapid deployment of digital financial products.

Complex Regulatory and Compliance Requirements

Institutions must constantly update processes to meet AML, KYC, cybersecurity, reporting, and data privacy regulations across multiple jurisdictions.

Fraud, Financial Crime, and Cyber Threats

Digital growth exposes banks and insurers to identity fraud, account takeover, transaction anomalies, and infrastructure vulnerabilities.

Customer Experience Gaps

Clients expect fast, personalized, omnichannel experiences, but many systems and processes are slow, manual, or inconsistent.

High Cost of Operations

Manual workflows, outdated systems, and a lack of automation contribute to rising operational costs across lending, claims, underwriting, and trading functions.

Limited Real-Time Insights

Disparate data sources reduce visibility into risk, customer behavior, and performance, limiting decision speed and accuracy.

How Process Paramarsh Helps

Process Paramarsh helps financial institutions modernize their core systems, improve compliance, enhance customer engagement, and adopt secure digital platforms. Our CLARITY METHOD guides transformation from strategy through implementation to measurable value across banking, insurance, and capital markets.

Core Platform Modernization

We design and implement modernization programs for banking cores, policy administration systems, claims platforms, and payments architecture.

Risk, Compliance, and Governance Transformation

We help institutions strengthen AML and KYC workflows, automate regulatory reporting, and implement advanced risk analytics.

Fraud Detection and Security Intelligence

We deploy AI driven monitoring, behavioral analytics, and secure identity frameworks to protect against fraud and cyber threats.

Customer Experience and Digital Engagement

We create personalized and intuitive digital experiences across retail banking, insurance portals, and wealth management platforms.

Operational Automation and Efficiency

We improve productivity through workflow automation, RPA, straight-through processing, and integrated systems across back office operations.

Data and Analytics Modernization

We help organizations build unified data platforms that support real-time insights, credit scoring, risk modeling, personalization, and regulatory needs.

Featured Services for Financials

These services support the modernization of banking, insurance, payments, and capital markets operations and help strengthen customer trust and operational resilience.

DevSecOps

DevSecOps

Security Embedded into Every Stage of Delivery

We help organizations integrate security into the DevOps lifecycle through automated controls, secure pipelines, and software supply chain protection. Our DevSecOps approach strengthens security without slowing down delivery.

Digital Strategy & Transformation

Digital Strategy & Transformation

Turn Strategy into Measurable Digital Outcomes

We help organizations build a clear digital vision, modernize systems, and execute transformation with confidence. Our strategy-led approach aligns people, processes, and technology to accelerate innovation, reduce complexity, and deliver sustainable outcomes.

Digital Integration

Digital Integration

Connect Your Enterprise for Seamless Operations

We integrate applications, data, and workflows to create connected enterprise ecosystems. Our integration solutions enable real-time visibility, automation, and efficient operations across platforms.

Supported Technologies

We work with leading cloud, data, fintech, and integration platforms to build secure, compliant, and scalable digital foundations for financial services.

Additional Technologies

FIS

Core banking and payment platform used by banks and financial institutions to support deposits, lending, payments, and account servicing at scale.

Finastra

Financial services software provider offering core banking, lending, treasury, and trade finance platforms for banks and credit institutions.

Temenos

Cloud-enabled core banking platform that supports retail, corporate, and private banking with modern APIs and composable architectures.

Actimize (NICE Actimize)

Financial crime risk management platform used for AML, fraud detection, and regulatory compliance across banking and insurance.

Feedzai

AI-driven fraud prevention platform that helps banks and payment providers detect and prevent fraud across digital and card-based transactions.

Plaid

Financial data connectivity platform that enables secure integration between financial institutions, fintech applications, and customer accounts.

Mambu

Composable core banking platform widely used by digital banks and financial services firms to rapidly launch and scale new products.

Guidewire

Insurance core platform supporting policy administration, claims management, and billing for property and casualty insurers.

Duck Creek Technologies

Cloud-native insurance platform that enables insurers to modernize policy, billing, and claims operations with greater agility.

Financials Experience

Our experts have supported leading banks, insurers, fintech firms, and capital markets organizations. We deliver compliant, secure, and scalable digital solutions that improve customer engagement, reduce operational cost, enhance risk control, and accelerate time to value.

Reduction in Manual Compliance Work
30-50%
Automation of KYC, AML, fraud analysis, and reporting reduces manual review volume and strengthens compliance accuracy.
Improvement in Digital Conversion and Engagement
15-35%
Personalized banking and insurance journeys supported by unified data and experience design increase customer interaction and acquisition rates.
Operational Efficiency Gain
25-45%
Straight-through processing, RPA, and workflow automation improve productivity across back office financial operations.
Reduction in Fraud Losses
10-25%
AI enabled fraud monitoring reduces false positives and improves detection of high risk activity.
Faster Claims and Underwriting Cycles
20-40%
Automated workflows and integrated data reduce decision time and improve customer satisfaction.

Financials Use Cases

Our use cases target high impact areas in financial operations where automation, intelligence, and unified data deliver measurable business value.

KYC and AML Automation

Automate verification workflows, sanction screening, and case management to improve accuracy, reduce manual review time, and strengthen compliance.

Fraud Detection and Prevention

Use AI supported anomaly detection and transactional analytics to detect suspicious behavior across banking and payments channels.

Loan Origination& Credit Decisioning

Increase lending speed and accuracy with automated credit scoring, document processing, and risk evaluation workflows.

Claims Processing & Underwriting Optimization

Automate intake, triage, risk evaluation, and documentation to reduce cycle time and improve the quality of underwriting decisions.

Customer Journey Personalization

Use unified profile data and predictive analytics to create personalized product offers, improved engagement, and higher conversion.

Trading & Capital Markets Process Automation

Automate reconciliation, trade processing, compliance checks, and reporting to reduce cost and operational risk.

Industry Insights

Latest research, articles, and thought leadership

Modernize Your Financial Services Operations

Partner with Process Paramarsh to strengthen customer trust, improve operational performance, and accelerate digital innovation across your financial services organization.