Blog Archives

MOBILITY

The push for wireless technology is creating a need for proven enterprise mobility solutions. While businesses are counting on mobile technology to improve productivity and information sharing, employees are demanding anytime, anywhere access to information via their personal mobile devices. Mobility can help companies leverage contextual data to reach out to their customers more effectively.
We work with companies throughout their mobility journey to enable them to maximize the potential of their mobile implementation. Our depth of expertise spans across tools, platforms, applications coupled with the proven delivery methodology enable organizations to be highly productive and customer centric.

RETAIL BANKING

RETAIL BANKING

Aara Tech provides technology, consulting and business process sourcing services across various lines of business within the bank. The team has deep Banking domain and technology experience with multiple lines of business, serving global banks across geographies. Our Retail banking services facilitates retail banks with flexible, auditable and easily-built end-to-end processes for all transactions – across lines of business and channels. We use configurable parameters and a compact business process engine to help banks manage all retail banking needs.

CREDIT CARD MANAGEMENT SERVICES

The payments and cards market is changing along with customer behavior. Cashless economy and usage of cards, mobile payments and e-commerce are some of the trends that are affecting us right now. The Card Management services mainly involve the maintenance and management of card – related information in a Bank.
Credit Card Management gives cardholders a complete, real-time view of their account information. More importantly, cardholders benefit when they can access all products and services seamlessly, with single sign-on capabilities. We have the expertise you need to develop your business and ensure its long-term achievement. Our domain specialists have worked to achieve enduring relationships with customers worldwide, helping a host of financial institutions to improve their performance.

FRAUD MANAGEMENT

FRAUD MANAGEMENT

Fraud is rising across the banking product range and surfacing in different forms across the globe. Fraud risk management is a proactive approach towards fraud and aims at preventing and detecting fraud early on. Organizations rely on IT to conduct business, communicate, and process financial information. A poorly designed or inadequately controlled IT environment can expose an organization to fraud. Today’s computer systems, linked by national and global networks, face an ongoing threat of cyber fraud and a variety of threats that can result in significant financial and information losses. IT risks include threats to data integrity, threats from hackers to system security, and theft of financial and sensitive business information.
Beyond monetary losses fraud has other negative consequences that impact an institution reputation, customer loyalty, and the confidence of the shareholder. The financial institutions need an integrated framework together with most comprehensive plan and modern fraud detection and prevention. We assist management in developing fraud prevention strategies by identifying risks and weaknesses in their processes and evaluating potential gaps in their control framework.

DIGITAL BANKING SERVICES

DIGITAL BANKING SERVICES

Digital modernization gives traditional banks a second chance. A smart, enterprise-wide approach positions them to deepen customer satisfaction and loyalty, driving long-term relationships and profitability. Customers are still waiting for this new banking experience, touted as a revolutionary transformation that will bring many new features, including anytime and anywhere banking, ultra-fast response times, and omnipresent advisors. We guide firms through the maze of device and technology options to create the right solutions and services to please customers and lower costs.

RELATIONSHIP MANAGEMENT

RELATIONSHIP MANAGEMENT

Relationship banking is a strategy used by banks to enhance their profitability. They accomplish this by cross-selling financial products and services to strengthen their relationships with customers and increase customer loyalty. Relationship banking involves offering customers a broad array of financial products and services that go beyond simple checking and savings accounts.
Organizations must not only identify the best CRM (Customer Relationship Management) technologies for their business, but must also employ effective change management strategies to align their people and processes with customer relationship goals. It is important to recognize that CRM is not just a technology but a set of capabilities, processes, strategies and technologies to manage end-to-end customer relationship – CRM.
The idea of the CRM developed by AaraTech is that it helps the client’s businesses use technology and human resources gain insight into the behavior of customers and the value of those customers.
This CRM acts as a sound business strategy to identify the bank’s most profitable customers and prospects, and devotes time and attention to expanding account relationships with those customers through individualized marketing, re-pricing, discretionary decision making, and customized service-all delivered through the various sales channels that the bank uses.

WEALTH MANAGEMENT

WEALTH MANAGEMENT

Wealth management is a practice that in its broadest sense describes the combining of personal investment management, financial advisory, and planning disciplines directly for the benefit of high-net-worth clients. In the increasingly competitive landscape of financial services, it is essential for financial institutions to focus on new imperatives of business like rapid product innovation, increasing profitability and assets under management, enhanced customer satisfaction, cost efficiencies and operational excellence, regulatory compliance and effective risk management.

With a range of services and deep domain expertise, we help transform organizations to meet new business imperatives. By leveraging technology and focusing on your core business competency, we help in bringing in significant increments in business performance.

We can help you redesign business and service models, develop new value added services to complement and enhance traditional services.

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