Banking & Financial Service (BFS)
Banking & Financial Service (BFS)
Accelerating the cashless economy efficiently by adopting global standards & local priorities
The Banking and Financial Services (BFS) Group at NeST Digital has established itself with over two decades of experience as a pioneer and leader in the GCC market by providing payment platform solutions – advanced payment solutions based on scalable microarchitecture & technology implemented to over 30 leading financial institutions is a testimony to its established credentials.
NeST NPSS Edge
NeST Digital provides turn-key innovative and customized data solutions leveraging our internal specialized data team and partners. We offer flexible engagement and commercial models to meet the needs of their clients.
Experience in Banking & Financial Service
- NeST NPSS edge is an outcome-based product which meets the growing GCC market enabling the next generation of payment services for safe, innovative, and convenient real-time electronic payments across 24/7/365
- NPSS Edge provides core services (credit transfers & direct debits), overlay services, & addressing services like ETDA, request to pay, and electronic cheques
- Key differentiator – Reports like NPSS reports, MIS report, CPR Report, recon reports, Liquidity monitoring and management that include smart dashboards, extensive audit trails, TAT Alerts, log monitoring dashboards (workflow & Rule config), reconciliation module, flexible & dynamic charges module
Integrated Payment Hub strategy for the future of the payment ecosystem, backed by Kubernetes microservices architecture which is scalable to maintain the SLA & growth of transactions and provides high availability to the financial institutions
Tech stack includes: .NET core, Java, Kafka Openshift, Azure DevOps, GitHub & more
- NeST NPSS edge is an outcome-based product which meets the growing GCC market enabling the next generation of payment services for safe, innovative, and convenient real-time electronic payments across 24/7/365
- NPSS Edge provides core services (credit transfers & direct debits), overlay services, & addressing services like ETDA, request to pay, and electronic cheques
- Key differentiator – Reports like NPSS reports, MIS report, CPR Report, recon reports, Liquidity monitoring and management that include smart dashboards, extensive audit trails, TAT Alerts, log monitoring dashboards (workflow & Rule config), reconciliation module, flexible & dynamic charges module
Product Portfolio
We, the Fintech group of NeST Digital, provide technology solutions to multiple domain stakeholders; and these solutions have been grouped into five solution pillars as follows:
Quality Assurance Services
Offering includes software testing services that ensure business process assurance as well as technical assurance implemented through technology solutions. We have more than 3000+ test cases for NPSS products & have robust experience in test automation
KPIs:
• Test automation: 40% faster time to market
• Performance: Attain 99.999% application availability
• Agile Testing: Boost Dev productivity by 30%
• Cost Efficiency: Cut Cost of Quality by 20%
• Brand Value: Deliver 2X user experience than average
• Metrics Based testing: Reduce risk by 40%
Cloud & DevOps
Our Cloud & DevOps services combine software development and IT operations to deliver high-quality software faster. With a focus on automation and collaboration, we streamline your operations and eliminate manual errors, enabling you to achieve your business goals more efficiently.
KPIs:
• Highly Available: 99.99%
• Lead time: <1 Day
• Deployment Frequency: On Demand
• Infrastructure Cost: Reduced by 25%
• Time to restore: Reduced by 80%
• SaaS & Hybrid Cloud Ready
Data Management & Analytics
We assess the Bank’s current data and infrastructure state and provide recommendations to leverage data to measure digital transformation outcomes. In addition, we have the technical understanding to select the right-sized technology for your data modeling, cataloging, security, privacy, storage, and operational needs. Finally, we help you build a roadmap to build data intelligence that fuels using technologies like AI to improve insights, predict outcomes, or automate workflows
KPIs:
• Data volume: < 1 GB/day
• Latency: ~1 min
• Automated Reports: 100%
• CI/CD: 100%
• Licensing Cost: Nil
• SLA: 1 Hour
Cyber Security
NeST Digital’s Cyber Security offering provides Security Assessment, Security Exposure Remediation strategies and finally helps in putting appropriate controls in place to mitigate security risks
KPIs:
• Security Attacks: Reduced to Zero
• Data Privacy: 99.9%
• Regulatory Compliance: 100%
• Customer Security NPS: Improved to 9 – 10 (Promoter)
• Mean Time to Recovery: <6 Hours
Application Management Services
Custom application development, systems integration, and application maintenance support for financial services institutions
Product Engineering
Offering includes conceptualization of payment products & services design and developments for small fintech businesses and startups
Success Stories
Talk to our Banking & Financial Service experts today!