Financial services
Fast-track the future of finance with secure, innovative, and compliant technology
“Lumenalta was instrumental in developing the technology that transformed our operations and set us apart in the market. Without their expertise and collaborative approach, we couldn't have built this innovative system that revolutionized our work and scale.”
“Lumenalta was instrumental in developing the technology that transformed our operations and set us apart in the market. Without their expertise and collaborative approach, we couldn't have built this innovative system that revolutionized our work and scale.”
Accelerate the next stage of your journey in financial services
The banking, financial services, and insurance (BFSI) industry is undergoing a profound digital transformation. Amidst heightened regulatory scrutiny, growing cybersecurity threats, and the challenges of legacy infrastructure, organizations must rapidly navigate to compete in a complex market.
Driving this change are the dual pressures of intense competition from disruptive Fintech startups and neobanks, as well as the need to seamlessly integrate emerging technologies such as AI (artificial intelligence), blockchain, and cloud computing.
Mastering these competing priorities requires a comprehensive digital strategy that optimizes data management and analytics, embraces cloud-based infrastructure, and cultivates top talent — all while enhancing customer experiences, ensuring operational resilience, and embedding sustainability best practices.
To succeed, leaders need to prioritize speed to value over the status quo. Turn years to months, months to weeks, and weeks to days, by partnering with elite development teams that drive the solution to success every day.
Solve high-impact use cases in the financial services industry
Radical engagement means you get to go behind-the-scenes to see how real, tech-led companies operate. Our framework enables the best of your industry experience to inform our deep tech specialty. We show you the way, you show us the way.
Customer onboarding
Streamline client acquisition by implementing an omnichannel onboarding process, allowing customers to start applications online and seamlessly continue in-branch or via video call. Leverage AI to offer personalized product recommendations based on the client's financial profile and goals.
Self-service data analytics
Implement a self-service analytics platform that enables data scientists and quantitative analysts to access, manipulate, and visualize vast amounts of insurance policyholder data without relying on IT support. Quickly develop and test predictive models for risk assessment and pricing optimization.
Agentic AI
Deploy autonomous AI agents to assist traders in analyzing market data, identifying potential risks, and suggesting optimal trading strategies in real-time. Continuously learn from market trends and trader behaviors, improving decision-making processes and operational efficiency in the fast-paced capital markets environment.
Embedded finance & open banking
Leverage banking-as-a-Service APIs to integrate financial services directly into their e-commerce platform. Allow merchants to offer instant loans, payment plans, and digital wallets to their customers. Enhance user experience and open new revenue streams for both the fintech and its partner banks with seamless integration of banking services.
Enhanced fraud detection & prevention
Implement AI-powered fraud detection to analyze transaction patterns, geolocation data, and user behavior in real-time and identify and prevent fraudulent activities. Continuously learn from new fraud patterns, stay ahead of evolving threats, and significantly reduce false positives with adaptive algorithms.
Real-time payments & ISO20022
Implement real-time payment system compliant with ISO20022 standards, enabling its corporate clients to send and receive instant cross-border payments with enriched data. Improve cash flow management, reduce settlement risks, and provide greater transparency in international transactions for businesses.
Mortgage lending optimized with GenAI
Use generative AI to automate and optimize the loan underwriting process and analyze vast amounts of applicant data, credit reports, and market trends to generate accurate risk assessments and personalized loan offers. Significantly reduce processing times, improve accuracy in risk evaluation, and enhance the overall customer experience in mortgage applications.
Conversational banking with AI
Deploy an advanced AI-powered chatbot that uses natural language processing to engage customers in human-like conversations across multiple channels, including mobile apps, websites, and messaging platforms. Handle complex queries, provide personalized financial advice, and even assist with transactions, offering a 24/7 virtual banking assistant that enhances customer service and reduces operational costs.
Adaptable and secure systems and customer journeys
Want to disrupt traditional BFSI models and drive innovation? Whether you want to optimize your omnichannel experience, overhaul the way you deliver financial services with AI capabilities, or enhance your data analytics for better decision-making, we can transform and safeguard your digital landscape to position your organization for success.
Our team of industry experts helps banking, financial services, and insurance leaders achieve their goals with the latest technologies:
- Manage risk and detect frauds faster with AI and machine learning.
- Make data-driven decisions based on real-time analytics.
- Secure client and other sensitive information with robust infrastructures and solutions.
Your competitive edge
Our tailored digital transformation solutions empower you to:
Compliance
Comply with industry regulations
Adhere to complex and ever-changing regulations such as GDPR, PSD2, Basel III, and Solvency II.
Accuracy
Process in real time
Create solutions for instant transactions and up-to-the-second data accuracy.
UX
Modernize user experience (UX)
Balance security requirements with the need for intuitive, user-friendly interfaces.
Blockchain
Integrate blockchain
Incorporate blockchain technology for secure, transparent transactions.
Availability
Provide continuous availability
Ensure systems are always operational with minimal downtime.
Reporting
Comply and report
Create robust reporting tools to meet regulatory requirements.
QA
Perform testing and quality assurance
Implement rigorous testing protocols to ensure system reliability and data accuracy.
AI & ML
Implement AI and machine learning (ML)
Leverage these technologies for fraud detection, customer service, and predictive analytics.
Explore our services
End-to-end digital transformation delivered through a comprehensive suite of technical capabilities.
Interested in learning more about our financial services solutions?