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 navigating a period of profound transformation. With increasing regulatory scrutiny, rising cybersecurity threats, and the need to modernize legacy systems, BFSI digital transformation is no longer optional—it’s essential for staying competitive.
Driving this evolution is the dual pressure of competition from Fintech disruptors and the need to integrate advanced technologies like AI, blockchain, and cloud computing. IT solutions for financial services must balance these demands while enabling seamless customer experiences, operational resilience, and sustainability.
Effective digital transformation for BFSI depends on strategies that reduce time-to-value and deliver measurable outcomes. By partnering with Lumenalta, organizations can unlock rapid progress—turning years into months, months into weeks, and weeks into days. Our expertise in financial consulting services and financial services IT solutions ensures tailored, impactful results that drive growth and innovation.
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 in BFSI digital transformation by implementing an omnichannel onboarding process tailored for financial services IT. Enable clients to start applications online and seamlessly continue in-branch or via video. With AI-driven personalization, offer product recommendations based on each client’s financial profile, enhancing satisfaction and loyalty.
Self-service data analytics
Empower financial services with self-service data analytics platforms that allow data scientists and analysts to access and manipulate large datasets independently. Facilitate rapid development and testing of predictive models, supporting risk assessment and pricing optimization without extensive IT support.
Agentic AI
Utilize autonomous AI agents within financial services IT solutions to analyze financial markets, assess risks, and recommend trading strategies in real time. By continuously adapting to market trends, these agents enhance decision-making accuracy and operational efficiency, supporting a proactive approach in capital markets.
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
Integrate AI-driven fraud detection within IT solutions for financial services to monitor transaction patterns, geolocation data, and user behaviors in real-time. Continuously adapt to evolving fraud patterns and reduce false positives, bolstering security for financial institutions and protecting customer assets.
Real-time payments & ISO20022
Implement a real-time payment system compliant with ISO20022 standards, supporting instant cross-border payments with enriched transaction data. This enhances cash flow, reduces settlement risks, and ensures transparency for financial institutions engaging in global transactions.
Mortgage lending optimized with GenAI
Leverage generative AI to optimize mortgage lending workflows, analyzing extensive applicant data, credit history, and market trends. By generating accurate risk assessments and personalized loan offers, this solution improves the customer experience and accelerates processing times in mortgage underwriting.
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.
Why choose Lumenalta for BFSI transformation
Our commitment to radical engagement and high-impact digital solutions sets us apart as a trusted partner in financial services transformation.
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?