IT has strategic significance for financial service providers. Changing business strategies and acquisitions represent enormous challenges to the information technology department, and Consist Software Solutions can make permanent contributions to their solution.
The massive data streams run the risk of being misdirected, tapped, or incorrectly handled at many different points. Banks are therefore faced with the task of overseeing each and every access using specific monitoring. Within the financial sector, Consist has just completed a customer project involving the installation of the central security information and event management system (SIEM) required – a system that cannot be manipulated and that can operate in real time. All user processes, even for privileged users, are thus securely versioned and integrated into everyday banking processes based on the latest security requirements from the ECB and BaFin.
SEPA (Single European Payments Area) should make payment transactions in Europe simpler. SEPA was officially introduced on February 1, 2014. From the outside, this “only” meant that account numbers and bank routing codes had to be replaced by IBAN and BIC numbers. For banks, this was a real challenge in practice. This article will give you a unique insight into the SEPA project using the example of the KREDIS subproject from Europe’s largest automobile financial service provider. Consist supports Volkswagen Financial Services AG in IT with its Managed Services and backed them up during the conversion to SEPA.
There are a number of advantages for corporate groups in relying on midsize companies when looking for a suitable IT service provider. They score big with greater fl exibility, backed up by competence and reliability. We’ll show you the example of a migration project supported by Consist at a large fi nancial service provider. In shipping, for example, tugboats are ordered for special tasks such as piloting into a lock. Companies at the scale of corporate groups are set up for the “long haul”. So quick scouting in the unknown waters of software technology can be handled perfectly by midsize companies like Consist.
A wide variety of reasons lead companies to bring a reliable IT outsourcing service provider on board. Consist is an established partner in this area too, who can offer its customers maximum reliability, relief, and flexibility. Many companies trust Consist when it comes to system development and system operation, error coordination, and service. Here are two typical examples from everyday life with Consist’s Managed Services that happened more or less as described.
Why are many companies still relying on Cobol programs in core areas of their IT? Has management not responded as newer approaches such as object orientation or service-oriented architectures promised the coming of a modern age?
Improving business processes, increasing quality, reducing costs – the goals of process management are easy to describe, but their introduction and implementation in everyday business require “new thinking“. With Consist‘s support, the Kiel insurer DOMCURA has been making steady progress in process management since 2006.
The basic picture is familiar enough: The entire financial market is in a serious international crisis, increasing both internal cost pressures and pressures to refinance. The negative market trends of the past few years have made matters even worse. Competitive pressure is increasing as a result of global markets, information and price transparency of standard products, and additional competition by non-banks. The markets are largely distributed, so there is a massive price drop. And due to information transparency, for example due to the Internet, customer expectations are also on the rise.
A direct insurer like Direct Line Versicherung AG has a particular need to offer its customers and potential customers optimum advice on the telephone or online. On the one hand, this requires competent call-center agents. On the other hand, however, it also requires a software package which can transfer customer data into the inventory system for the customer agent on the telephone reliably and easily.
For the second time, employees of MaK DATA SYSTEM assisted in the move of all data used in production for a savings and loan system into a new environment. These migrations across all system and technology borders are currently one of the most important challenges facing IT at the largest and most traditional companies in Germany.
Provinzial uses some applications which draw upon insurance logic. Ideally, all applications use the same logic, which is developed once and then made available as a “black box”. For the construction of these black boxes, i.e. for modeling the product models, Provinzial uses the modeling tool VP/MS.