Innovative IT Solutions Helping Tampa’s Finance Companies to Stay Competitive

The financial technology sector is expected to become an 8 billion dollars market globally this year. In fact, one out of every four people are likely to turn to mobile banking by the end of 2015, and by 2017, half of the world’s population will own a smartphone. South Florida, which already is an important financial hub in the US, is capitalizing on the trend. Tampa, a city located in the state’s tech-corridor is significantly contributing to the region’s fin-tech boom. IT solutions are being developed in Tampa to exclusively serve the region’s financial institutions. These innovative solutions, which include business process management (BPM), loan processing, investor services and low-latency trading tools, among others, are enabling the region’s financial institutions achieve operational efficiency and cut costs.

Drivers for the City’s Fin-Tech Boom:Be it banks, credit societies, lenders or trading companies, all the businesses in this sector are looking for ways to become more agile, as the majority of today’s customers prefer online and mobile over traditional transactions.

Keen on delivering personalized, diversified services to their clients, these institutions are looking for technology that would offer a consolidated view of their clients’ accounts.

 In the age of social media, protection of brand image has become a top concern for banks and other financial service providers. Regulatory compliances are also becoming more and more stringent for the financial sector. Subsequently, firms look for solutions that would allow them to adhere to stringent regulatory compliances, and help them avoid the risks of reputation damage and thereby build up a loyal clientele.

Segments Addressed by the Solutions:

Based on new-age analytics, mobile and cloud technologies, a wide variety of fin-tech solutions are available across the financial services spectrum. The areas include:

Retail banking
Investment banking
Governance and risk compliance
Housing, auto and student loan segments
Credit card management and payment processing
Wealth management

Specially designed for today’s demanding clientele, Financesector-focused IT solutions in Tampaare driving innovations and enhancing efficiencies. From giving a 360 degree view of the customers’ personal finance to enabling them to overcome data challenges, and gaining an edge over their competitors, these solutions are redefining the way financial institutions are doing business today.