Accolite's BFS vertical provides cutting edge solutions to Banking and Financial Services industries and has deep expertise in the domain. We help our clients develop business solutions to achieve efficiency, effectiveness and support large scale applications. Accolite provides access to expanded team of smart engineers with deep technical and functional expertise, and delivers accelerated value to its customers.
Accolite started BFSI business unit in late 2012 servicing one of the top multi-national Investment Banks out of Wall Street. Accolite employees partnered with the customer in creating state of the art technical solutions comprising of high performance applications, applications catering to huge data.
Some of the areas where our teams work include Equity Swaps, Portfolio Accounting, Collateral Management, Trade Approval systems, Risk and Margin, Funding Optimization.
Employees working with BFSI clients have finance domain specific knowledge with few of CFA and FRM certified employees. Employees are well versed with trade lifecycle, margin requirements and settlement, BASEL III requirements, various federal institutions and their compliance requirements including Wash Sales regulation as notified by U. S. Securities and Exchange Commission.
Employees work at various levels of development hierarchy from developers to Architects. We have a good presence in PMO space as well to manage multimillion dollar projects with the customer. Teams work on latest technologies including Scala, Akka Framework, and Angular.
Accolite’s insurance solutions are aimed at simplifying challenges arising due to diversified channels, wide distribution networks, and constantly changing regulations in the insurance markets. Our solutions in this space are built around the following areas:
Agent on-boarding: Recruiting and on-boarding process, including accreditation and background checks.
Compliance: Making sure every sale and commission payment is 100% compliant with all federal and state regulatory agencies automatically, including NIPR and FINRA.
Compensation Management: Pay with 100% accuracy. Powerful workflows and reports to make sure that customer payments and commission payouts are fully reconciled across all of the business systems.
Debt and payment Management: Annualization / Guarantees / Advances.
Reporting: Solutions to produce Statements, track producer and agency performance and help them beat their targets.
Service areas of focus
- Application development.
- Application support and maintenance.
- Platform upgrade.
- Data Archival solutions.
- Performance Optimization.
- Onsite/ Offshore Development.