Banking & Insurance

New Frontier Group has dedicated sector teams specialized on the financial services industry.

 

Especially banking, insurance and governmental institutions responsible for governance of the financial markets.

We are serving most of the CEE subsidiaries of international players as well as large local players.

Our portfolio spans across all four major solution areas:

• Efficient IT (Core Infrastructure)
• Business Transformation
• Business Execution
• Business Innovatio

Whereby we deliver to our financial services clients solutions such as:

• Portal&Front-End Solutions
• Business Intelligence and Risk Management Solutions
• eBanking Solutions
• Workflow and Business process management Solutions
• Branch Solutions
• Agent Network Solutions
• Product Management Solutions
• Contact and Call Center Solutions

Complex System for non-Life Insurance Complex System for non-Life Insurance implemented on Sybase ASE, EAS, Java, J2EE Business challenges: Most insurance contracts were signed “on paper” – there existed no offline application to be used for issuing contracts at clients’ premises. The error rate in contract calculations was high. For each non-life insurance product, there existed a respective information system. Objectives: Operational excellence through effective insurance contract management Increase the quality of the data for reporting Innovation leadership in the non-life insurance market through flexibility and proactive process management. More detailed information: PDF DOWNLOAD	FcoE: New Standard Leads to Better Efficency Fibre Channel over Ethernet replaces IP and FC networks and enables faster data transfer with speeds of up to 10 Gbps Business challenges: Network storage in banks is traditionally built using specially prepared FC solution. A separate network for storage is a more expensive than Ethernet technology. Fibre Channel also requires special expertise and management tools, and the company must install a separate Ethernet network for other business applications. Objectives: Less energy consumption Cost-effective solution Simplification of management and maintenance (decreasing of equipment that needs to be managed) More detailed information: PDF DOWNLOAD
Volksbank Activity Based Costing Activity Based Costing Solution implemented on technology SAP PCM platform Business challenges: Sustaining current profitable customer portfolio. Acquiring new customers in profitable way. Improve customer satisfaction. Cross sell & up sell to current customers. Relevant & innovative offerings. Objectives: Which products and customers are profitable and which are loss making? How can the costs be cut without compromising service? Which are the true drivers of cost and profitability in our organization? Are there any pockets of excess capacity I should be targeting? More detailed information: PDF DOWNLOAD	VÚB Master Data Management Master Data Management Solution implemented on Oracle, Java and Orchestra Networks EBX platform Business challenges: There were at least 8 systems that worked with specific collection of products and contained only partial information about them. The organizational structure of the company was not captured in any system as a whole. Existing systems had cardinal limits. Objectives: Iimplement master data management and integrate it into existing company processes Increase the quality of the data for reporting Consolidate the data about products, organizational structure, segmentation and shared codebooks More detailed information: PDF DOWNLOAD