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Financial Perspective

Option Matrix R&D team has summarized our experience in specialist areas of work to
offer initial ground up of nearly 30-60% in our projects and this results in shorter delivery
cycles. Our industry expertise also enables us to provide insights to our clients on the
most effective user interface, functional workflow and technology use.

Possibilities

We have working on projects across insurance, capital finance, Obama care, loan and mortgage management along with legal documentation as need.

Audit Automation

Audit Automation

Mange best practices through automated audits and dashboards organization wide

CEO Agenda

CEO Agenda

Get a real time update on key business analytics on a web / mobile dashboard across divisions, business units and locations

Customer Portal

Customer Portal

Customers gets login to the application to manage their finances and wealth in this part.

Partner Portal

Partner Portal

Financial institutes can manage their partners for investments and funds is managed here

CRM & Sales

CRM & Sales

Manage customers, create payment schedules and track payments.

Financial Analysis

Financial Analysis

Manage financial transactions and get an overview of current status across territories

Portfolio Module

Portfolio Module

Customers can manage their financial portfolio for better investments and returns is part of this module

Customer Survey

Customer Survey

Feedback and plotting them on dashboard based on different rating are view for planning and strategy purpose

Retirement Planning

Retirement Planning

Savings and financial calculations for future planning based on potential and investments

Estate Planning

Estate Planning

Legal document generation for unforeseen circumstances are managed here

Credit Module

Credit Module

Receiving and giving credit to vendors along with dates and amounts are viewed and updated here

Receivables Module

Receivables Module

All financial impact from vendors due payments are viewed and alerted from this module


Areas of Expertise:

Audit Automation

Mange best practices through automated audits and dashboards organization wide

CEO Agenda

Get a real time update on key business analytics on a web / mobile dashboard across divisions, business units and locations

Customer Portal

Customers gets login to the application to manage their finances and wealth in this part.

Partner Portal

Financial institutes can manage their partners for investments and funds is managed here

CRM & Sales

Manage customers, create payment schedules and track payments.

Financial Analysis

Manage financial transactions and get an overview of current status across territories

Portfolio Module

Customers can manage their financial portfolio for better investments and returns is part of this module

Customer Survey

Feedback and plotting them on dashboard based on different rating are view for planning and strategy purpose

Retirement Planning

Savings and financial calculations for future planning based on potential and investments

Estate Planning

Legal document generation for unforeseen circumstances are managed here

Credit Module

Receiving and giving credit to vendors along with dates and amounts are viewed and updated here

Receivables Module

All financial impact from vendors due payments are viewed and alerted from this module

Critical Success Factors & Cost Drivers

2018 promises to be the year we see the culmination of some key technologies — from blockchain and intelligent AI, to design thinking and the cloud.

Digital Transformation

Experiences with non-banking industries such as retail and communications have shaped consumers’ expectations from banks and credit unions. As customers become more digital, more demanding and more tech-savvy, legacy bank infrastructure is strained to support new modes of engagement and grow digital efforts significantly. In response to increasing competitive pressures and people’s rising expectations, financial institutions around the world are investing aggressively in digital transformation projects.

AI & Blockchain

Blockchain and artificial intelligence (AI) will continue to disrupt the financial services industry. AI development will focus on cognitive use in the sales, marketing, investments, wealth management and compliance sectors of the financial services industry. This is a critical step in moving from advanced robotic technologies like machine learning and predictive analytics to real growth in cognitive computing.

Digital-Only Banks

With the entire banking industry shifting to digital channels, digital-only players will pose more and more challenges to the historical dominance of traditional banks and credit unions. According to Capgemini’s Top 10 Technology Trends in Retail Banking, this new breed of banking providers has defied the conventional model with highly innovative products and services with mass appeal to today’s digitally-savvy consumer. These challenger banks will fuel increased competition in the industry, forcing traditional financial institutions to improve their digital offerings and extend their reach to fend off these disruptors.

Design Thinking

Design thinking needs to be combined with creative engineering to bring the UX vision to reality. Banking providers will focus on a few key use cases and technologies where customer-first design is key, like account opening and augmented reality. Augmented Reality (AR) and Virtual Reality (VR) will benefit from developments in immersive UX design aimed at improving the customer experience. The account onboarding process will see a boost from UX design technologies in the form of a more interactive and gamified experience with natural language processing and machine learning.

Real-Time Risk Decisions

AI will also support risk management by improving the enterprise-wide risk analysis needed to fulfill the changing needs of the organization. Given the pace at which the financial services industry moves, the goal for 2018 is real-time risk through AI/automation while operating within compliance and regulatory parameters.

Alternative Lenders

Capgemini says that the 2008 financial crisis left banks and credit unions at a disadvantage with credit challenged consumers. This — combined with the emergence of online lending technology and streamlined lending processes — made room for alternative lenders to thrive in this environment. According to Capgemini’s report, “these non-traditional lenders use technology-based algorithms and software integrations to assess credit profiles of customers and are also leveraging alternative data such as social media photos and check-ins, GPS data, e-commerce and online purchases, mobile data, and bill payments.”

REGTECH

With an increasingly complex regulatory environment, financial institutions will also start looking at AI to gain meaning from larger and larger volumes of regulatory data. With newer regulations like Fundamental Review of Trading Book (FRTB) and Consolidated Audit Trail (CAT) compliance, a tech-first approach will become necessary. REGTECH has a vital role to play as firms move beyond initial MiFID II compliance and gain more long-term benefits from the regulation and take a tech-first approach to their compliance efforts. This will lay the foundation for greater economies of scale across data, analytics, and related risks.

Big Data

Big data initiatives are pushing more sophisticated and more open business models with better data tools and visualizations. While the beginning efforts for data standardization have already started, financial institutions are still relying on legacy data architecture and infrastructure. Stepping forward with future systems is a priority for data in 2018. Additionally, this requires new data infrastructure to comply with the upcoming new data requirements like General Data Protection Regulation (GDPR) and Payment Services Directive II (PSD2). With those changes, new ways of extracting additional value from data have emerged, such as data virtualization, data lineage, and data visualization.

Third-Party Providers

Through open APIs, banks and credit unions will go through significant changes in the way they provide CX-based processes. Fintech companies are becoming players in the customer journey, and banks and credit unions are no longer in control of the customer journey. Customers are increasingly adopting fintech offerings for better services, leaving banks and credit unions no choice but to adapt – or get left behind.

The Cloud

In 2018, adoption of the cloud in banking will increase, but with the focus on security and regulatory compliance continuing to be front and center. Expect to see enterprise-wide middle- and bank-office applications start to move into the cloud. Banks and credit unions will feel the push to create more cloud-enabled business models in 2018, while the use of open APIs will drive consumer applications to the cloud even more.

CEO Agenda

CEO Agenda

The main source of advantage in the business comes from the business leaders's unique way of thinking and doing things. Organisations are often like photo copies of their business leaders. Have you created a custom software that reflects your unique way of thinking and doing business?


Technology is a magnifier. It loudly highlights both what is brilliant as well as the gaps in the processes. Dynamic business leaders are not intimidated by gaps but embrace the transparency and visibility of information to create a adaptive fast paced enterprise.


You should not use custom software everywhere in the business but only in those processes that are very special and unique to your business and which make you superior and specialized compared to the competition.

Click here for custom software checklist

Lab on Hire

Lab on Hire

We have great respect for innovative product development enterpreneurs who risk time and capital to make technology accessible to the masses. Option Matrix serves as an offshore development partner for product companies around the world with tremendous enthusiasm and pride


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