Banking Financial Services InsuranceWe deliver customer-centric mobile solutions with seamless access to information for improved customer experience and service.We have developed frameworks and accelerators to address areas like credit evaluation, legacy modernization, BASEL reporting, GDPR and reports migration.
Traditional players providing core banking solution are striving to reposition themselves as technology platform firms with a banking license. We have product’s (BMBI) APIs, application modernization, and cognitive computing to facilitate this transition.
Commercial & corporate lending Risk Dashboard
Prath provides end-to-end solutions across commercial lending and corporate lending, empowering banks to control operational costs.
Risk Management & performance aggregation dashboard:
Prath’s banking solutions are geared for enhanced visibility and augmented control, pre-empting operational risks and fraudulent transactions.
Client on-boarding:
Our KYC practise combines the capabilities of trained and experienced KYC resources with advanced Artificial Intelligence technologies to effectively mitigate operational risk at the same time improving both productivity and quality.
Post trade selective function Automation (RPA)
Overhauling trade operations by automating manual/fax orders, to minimize STP breaks
Trade and investment Management reporting solution:
Selective trade and investment management solution, encompassing order management, P&L reporting, post-trade analytics, position management, portfolio performance and risk management
Performance Management & Regulatory-Reporting Services:
Our Performance Management & Regulatory Reporting Services provides finance function ensuring operational performance visibility, helping to control and mitigate business risks.
Sales and Product Distribution: API driven transformation
With the proliferation of newer technologies, conventional models are no longer adequate – the modern customer is defined by technical familiarity and preference for digital access. This, in turn, has propelled insurers to go beyond agents and brokers, and ensure a seamless customer experience via alternate channels.
Prath’s Channel Automation for Life/Non-life insurers simplify client-servicing practices by enabling a ‘single point of entry’ framework, and producer self-servicing options. It deploys Service automation for an integrated view of customer relationships, distribution channels, and carrier operations.
AI Powered Claim Processing:
AI technology provides real-time access to insurance services, including quotation, policy management, and insurance offerings in home, travel, and car segments. Also, smart systems can send renewal notifications, assign tasks to agents, and build warm relationships by sending friendly greetings and special offerings to clients keeping them engaged.
More accurate risk assessment-The digital business model enables better risk assessment and sometimes even aids in preventing insured events when it comes to driving as-assistance or health and lifestyle monitoring.
More accurate risk assessment-
The digital business model enables better risk assessment and sometimes even aids in preventing insured events when it comes to driving as-assistance or health and lifestyle monitoring.
Claims management:
is a critical business process of any insurance company, which starts with claim registration and ends with payments to the insured party. Claim management AI platform automates information ex-change between insurance and healthcare provider systems. If the company deals with a few small private practices – which still work with paper documents – the import is streamlined by image recognition algorithms that digitize the documents.
Prath Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. Our technology products, services and engineering are built on decades of innovation.Prath Technologies has developed significant capability in Data and digital services. Our strategy involves in collaborating with agents, create engaging assets, broaden customer base, work with regulators. We extensively leverage Cloud Computing, Mobility, AI, RPA, IOT, technologies to transform selective business enterprise.
We help you develop your roadmap from basic to advanced stages of personalization and optimization, deliver with agility by building light, and innovate by scaling the most relevant digital solution for your banking entity.
We have our own Data Warehouse and Analytics platform called BuildMyBI. We can develop your BI solution with help of our technology and business domain.
We deliver customer-centric mobile solutions with seamless access to information for improved customer experience and service. With our extensive domain knowledge and experience we have developed a wide range of industry specific frameworks and accelerators that reduce the time to market while ensuring quality and business agility. We have developed frameworks and accelerators to address areas like credit evaluation, legacy modernization, BASEL reporting, GDPR and reports migration.
Digital Data:
Digital age business models have made it pertinent for organizations to engage in digital transformation journeys. Demand for meaningful data to make appropriate decisions around life-time value analysis, foot-fall, cross-sell / up-sell, segmentation, churn, supply-chain analytics, etc. has been the new normal; as is the demand for speed (access to data). However, enterprises are facing data challenges from multiple angles mainly because data is federated across systems and geographical boundaries.
Data Fabric:
Provides advanced data services around NoSQL family including in-memory databases; data migration services for legacy modernization, cloud adoption; and enterprise data search.
Intuitive BI dashboard:
Enable personalized BI to analyze information and derive insights; empower decision making process through analytical reasoning supported by interactive visual interfaces.
Data Analytics:
Marketing Analytics- Measuring, managing and analyzing marketing performance and recommending ways to improve marketing effectiveness.
Customer Analytics- Mapping the immense hidden knowledge by understanding consumer behavior to make informed business decisions.
Automated Business process modeling:
Prath Technologies engages with its clients to conduct process modeling. The study provides customers 3 lever analysis which facilitates the adoption of a Lean standardization view, risk management culture and helps identify automation opportunities. This includes Value Stream Analysis & Mapping, Risk Assessment and Control Definition and Potential for automation.
