Banking & Financial Services (BFSI)

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Banking & Financial Services (BFSI)

Industry Overview

Banking and financial services are at the heart of every economy. From retail and corporate banking to insurance and capital markets, institutions today face the dual challenge of maintaining operational resilience while delivering digital-first, customer-centric experiences. Rapid regulatory changes, cybersecurity threats, and evolving fintech ecosystems have forced traditional banks to reinvent themselves through automation, cloud adoption, and data-driven decision making.

Key Industry Challenges

1).  – Many financial institutions still run on outdated core systems that restrict agility and innovation.

2). Regulatory Compliance & Data Security – Adapting to constant changes in RBI, SEBI, IFRS, and Basel norms while ensuring privacy and governance.
3). Customer Experience Pressure – Need for omnichannel platforms that provide consistent, personalized, and secure digital experiences.
4). Integration Complexity – Merging new fintech APIs, payment gateways, and analytics tools with existing CBS and ERP environments.
5). Operational Inefficiency – Manual workflows in reconciliation, reporting, and approval chains slowing down time-to-market.
Faramond’s Solutions for BFSI

Faramond Technologies brings deep expertise in Oracle Fusion Cloud, Integration, and advanced analytics to modernize BFSI operations. Our solutions are designed to improve efficiency, compliance, and digital innovation across all layers of financial ecosystems.

Core Offerings

Oracle Fusion Financials, Procurement, and HCM implementations tailored for banking operations and audit-driven workflows.

Integration of CBS platforms with Oracle Fusion ERP, CRM, and external payment systems via OIC, SOA, and REST APIs.

Automated generation of IFRS, MIS, RBI, and Basel-compliant reports with drill-down dashboards.

Re-engineering old applications into cloud-native microservices and APIs for agility and scalability.

Robotic Process Automation (RPA) for loan origination, KYC, reconciliation, and vendor management processes.

AI-driven document processing for claims, invoices, and policy forms using Oracle Document Understanding.

Dedicated AMS (Application Managed Services) for system monitoring, enhancement, and change management.

Deployment of OCI API Gateway, WAF, and OAuth-based authentication for secure fintech integrations.

Oracle VBCS-based portals for online loan applications, investment dashboards, and real-time tracking.

How Faramond Helps BFSI Clients

We understand the regulatory depth, process sensitivity, and data confidentiality required in financial environments. Faramond’s domain experts combine Oracle’s PaaS & SaaS ecosystem with industry best practices to help clients achieve:

Faster financial close cycles

Reduced integration costs through reusable APIs

Simplified audit and compliance management

Scalable architecture ready for future digital banking initiatives

Real-time transaction visibility across branches and channels

Reporting & Analytics Capabilities

Our analytics team builds intelligent financial dashboards using Oracle Analytics Cloud (OAC) and Fusion OTBI/BIP reports, giving CFOs and risk teams actionable insights into:

Liquidity management and cash flow forecasting

Loan performance and default prediction

Investment profitability and customer segmentation

Cost-to-income ratios and operational KPIs

Risk exposure and compliance metrics

Example Use Case:

A mid-size financial cooperative modernized its reconciliation and reporting process using Oracle Fusion Cloud and OIC. Manual voucher uploads were replaced with automated API integrations between CBS and Fusion ERP, reducing reconciliation time from 3 days to 4 hours, and improving month-end close accuracy by 98%.

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