13 th Mar 2018
| Published in PRWeb
Accelerating Digital Transformation With Top U.S. Banks Through Their Leading Cloud and Data Technology Stack for End-to-End Digital Financial Platforms
Silicon Valley based Leading Digital Technology Solutions company is transforming Wholesale and Commercial banking operations by increasing efficiency, driving profitability and reducing risk and compliance burdens
Clovity (http://www.clovity.com), a leading IoT, Big Data, Cloud and Digital technology solutions company focused on bringing cost effective transformations in Banking sector, has enhanced its Wholesale, Commercial and Treasury offering by providing an all-digital technology stack leveraging Big Data, Machine Learning and Cloud technologies. Clovity helps in transformations of the core technologies running in its banking and financial client's day-to-day operations. These transformations are setting the stage for Banks and Financial Institutions digital future, enabling them to introduce new products and services to clients more easily and swiftly.
Clovity is helping its banking clients to transform from their conventional isolated systems by helping them to run their Retail, Corporate Commercial and Trade Finance operations with a single, simplified and merged solution. The process involves significant changes to more than 100 applications connected to the core system leveraging sensors, robotic process automation, big data, predictive analytics and cloud-banking. This in turn helpes the bank transform their operations by increasing efficiency, driving profitability and reducing risk and compliance burdens.
The combination of Clovity's frameworks with Clovity's implementation scale and expertise is enabling financial institutions to provide an efficient, flexible and transparent experience that delights our banking, financial and fintech customers
"The combination of Clovity's frameworks with Clovity's implementation scale and expertise is enabling financial institutions to provide an efficient, flexible and transparent experience that delights customers," said Anuj Sachdeva, CEO of Clovity. "We are excited to expand our work leveraging Open Banking and lessons from Retail, Fintech and Blockchain to enhance and transform Commercial banking and Treasury Management at some of the world's largest financial institutions."
"Commercial lending and treasury management are witnessing digital innovation. So far, lenders' outdated technology and manual, paper-intensive processes have resulted in long credit, account, compliance & risk cycles, unsatisfied customers, high costs and increased regulatory exposure," said Gaurav Mohan, Sr. Executive and Head of the company's Fintech-of-Things practice. "Our approach through which we are handling several of the Clovity's largest implementations, enhances our ability to leverage leading cloud solutions to help banks increase efficiency, productivity and strengthen customer relationships", added Gaurav, who joined Clovity after spending 15 years transforming HSBC's Global Businesses.
Clovity is focused on bringing cutting edge frictionless banking solutions to meet industry challenges where Financial services is amongst the top 10 industries investing in sensors, open APIs, Open Banking, Distributed Ledger technologies, Big Data and Predictive Analytics. For more information, please visit http://www.clovity.com
Clovity has been helping and fueling growth for its banking clients, by leveraging our experience from across - industries, reusable frameworks, functional and technical capabilities to help Banks and Financial Institutions radically transform their businesses. We continue to invest in newer technologies, people and innovation and learning from our successful transformational assignments and combined experience of our teams.
Selected as Global Top 20 IoT Solutions Provider for 2017 & 2018 by CIO Magazine. Thinking "Agile | IoT | Embedded | Data | ML | AI | Cloud | DevOps | Digital" - Clovity a global Solutions Partner and Systems Integrator focused on transforming enterprises worldwide.
Clovity's technology and teams are helping Fortune 500 enterprises and high growth mid-market technology enterprises with fully integrated device-to-cloud-to-enterprise integration solutions with the outcome to simplify building your Internet of Things (IoT), Data, Cloud & Digital platforms to power tomorrow's Enterprise world.
Clovity's cognitive strength lies in the amalgamation of two powerful ideas - collaboration and transformity.
Clovity emphasizes on combining thought leadership, innovation and passion for technology together to achieve successful transformation and 'disruptive solutions' for Banking Finance, Healthcare and Retail industries that are IoT, Cloud, Consumerization and Big Data' focused.
Clovity's commitment to innovation has led to many Plug and Play solutions and frameworks in IoT (CSensorNet), Predictive Analytics (CDataInsights), DevOps, Mobility etc. that enables customers for faster time to market product launches.
Clovity underpins its solutions with 'deep Agile expertise' by leveraging its Agile Framework: Synthesis in every aspect of customer journey to ensure complete collaboration and transparency. Clovity key is to work in absolute synchrony with customers to deliver solutions and projects to create scalable technology foundation and architecture for all future advancements.