Stefanini invests to expand its presence in North America's Banking segment

With new challenges such as rapidly shifting economic conditions, growing regulatory oversight, rising customer expectations, as well as top-line progress and transparency, the banking market now has an offer designed for its specific needs

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Stefanini

May 02, 2016, 11:10 ET

SOUTHFIELD, Mich., May 2, 2016 /PRNewswire/ -- Based on the expertise of almost three decades serving tier 1 global banks with over 8,000 consultants worldwide, Stefanini — a $1B global IT provider with locations in 39 countries — is announcing the availability of its Banking and Financial Services for the North American market.

Banking & Financial Services are responsible for 33% of Stefanini's global revenue. In Brazil, where Stefanini is headquartered, Stefanini services 20 of the largest banks in the country. Santander, Bradesco, Itau, Citigroup, and HSBC are some examples. Stefanini will leverage this experience and bring best practices to the US market.

To support its expansion, Stefanini is also announcing David Castillo as Practice Leader for Stefanini Banking Solutions for North America. With 22 years of experience, Mr. Castillo will leverage Stefanini's Banking and Financial services domain, technical expertise, and best practices to deliver solutions to the North American market.

Stefanini has heavily invested in the banking sector with more domain-centric resources out of the US in the financial service hubs such as New York City and Chicago. The company has established a Banking Applications Competency Center out of the NA region. "Our local demand has started to significantly ramp up with many of our US clients – a combination of global tier 1 and Regional banks, financial institutions, and subsidiaries in the US market," explained Rakesh Chitradurga, Vice President of Applications and Software Development for Stefanini North America.

The solutions are designed to address issues concerning development of new business models and defining new business architecture. "We rationalize technology, upgrade systems, and automate processes with a goal to assist any size of bank in expanding its customer base. We offer better services and provide enhanced customer experience," affirmed Mr. Chitradurga.

Stefanini solutions are addressed to retail banking, wealth management, capital markets, residential and commercial lending, and regulatory compliance. Stefanini provides a complete end-to-end banking solutions offer, tailored to any size of bank. The portfolio of solutions includes Stefanini's own core banking platform, end-to-end support for mobile banking, an anti-money laundering solution, and banking analytics.

Learn more about Stefanini Banking Solutions, tailored to any size of bank: https://stefanini.com/en/2016/04/8784/

SOURCE Stefanini