Computer systems group Innova Solutions has created a dedicated financial services practice to provide consulting and implementation services for US capital markets, banking and insurance.
The new practice brings together 35 dedicated staff under the combined leadership of Sudhakar Kondisetty, SVP - FI Solutions and Nazneen Mistri, SVP - Financial Services.
Alongside consultancy services, the company has forged strategic partnerships with third-party vendors such as Software AG, NEC & ACI Worldwide, to bring to market a suite of solutions designed to address specific retail and wholesale banking requirements. These include STPCollaborate, a new offering billed as an intelligence and integration framework for automating the identification and processing of exceptions in back office settlement. Other packages cater for customer relationship management and multi-channel banking.
Says Kondisetty: "Our vision is to be a full solutions provider for financial institutions."
Innova's customers include American Express, Citibank - Singapore, Cybersource, Development Bank of Singapore, First Union Bank, Franklin Templeton, NEC, Paypal, Standard Chartered Bank - Singapore, Visa, and Wells Fargo Bank.