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Banking And Finance Consulting

Finance is a broad term that describes activities associated with banking, leverage or debt, credit, capital.

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What is Finance?

Finance is a broad term that describes activities associated with banking, leverage or debt, credit, capital markets, money, and investments. Basically, finance represents money management and the process of acquiring needed funds. Finance also encompasses the oversight, creation, and study of money, banking, credit, investments, assets, and liabilities that make up financial systems.

KEY Takeaways

✔ Finance encompasses banking, leverage or debt, credit, capital markets, money, investments, and the creation and oversight of financial systems.

✔ The finance field includes three main subcategories: personal finance, corporate finance, and public (government) finance.

✔ Financial services are the processes by which consumers and businesses acquire financial goods. The financial services sector is a primary driver of a nation's economy.

Types of Finance

✔ Since individuals, businesses, and government entities all need funding to operate, the finance field includes three main subcategories: personal finance, corporate finance, and public (government) finance.

Personal Finance

✔ Financial planning involves analyzing the current financial position of individuals to formulate strategies for future needs within financial constraints. Personal finance is specific to every individual's situation and activity; therefore, financial strategies depend largely on the person's earnings, living requirements, goals, and desires.

✔ Individuals must save for retirement, for example, which requires saving or investing enough money during their working lives to fund their long-term plans. This type of financial management decision falls under personal finance.

ransforming Financial Institutions with Customer-Centric Banking

The banking and financial service industries are witnessing unprecedented forces of change – be it stringent regulations or fierce competition or fast changing customer needs. Consequently, the financial institutions are looking to implement the best Banking to gain customer loyalty, improve functional efficiency and ensure regulatory compliance. Nous has been a trusted technology partner for many of the major Fortune 500 and mid-sized banking and financial service organizations – all of whom have leveraged our technical and domain expertise for their specific outsourcing needs at various stages of the project lifecycle. Our services cover a wide range of business areas such as Multi-channel Banking, Core banking, Loans and Financing, Payments, Cash/investment Management, Trade Finance, Tax, Risk and Governance. We partner with best-in-class technology vendors like Microsoft, Oracle, Kony, Pegasystems, Threatmetrix and Nintex which enables us to provide rich end-user solutions. Furthermore, our proprietary frameworks, tools and platforms developed with rich project experience helps us deliver quality banking to the customers.

Legacy Modernization

Re-engineering and reverse engineering of legacy banking systems is a primary technology investment taken up by banking and financial service organizations. We have helped in creation of modernized banking systems with comprehensive banking that are more stable, scalable, integrated readily with emerging technologies and incur less maintenance cost. With proven solution frameworks and migration tools, we reduce cost of design, re-engineering, development, testing, data migration and validation, while ensuring business continuity through our banking.

Business Analytics

Business Analytics is helping financial institutions transform data into actionable information. Leveraging our in-depth domain expertise, modeling capabilities and prepackaged analytics solutions, we provide quick analysis and facilitate instant decisions by utilizing the ever-growing customer data. We provide key insights into various aspects of business – customer management, operation management, risk management, banking IT services, sales and marketing analysis among others.

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