The Vision
| The marriage of banking and legacy technology is quickly reaching its limit |
| Maximize competitive edge and time-to-market |
| Trend has shifted from the management of operations to the management of risks |
Banking, in the last 30 years, have seen endless waves of change, from the variety of products offered, to operations and regulatory standards. One cannot ignore the propelling force behind these changes, the accelerated speed of advancement of Information Technology.
Business today has become more and more competitive. Opportunities abound. Competition fierced. Increased customer sophistication and the uphill battle to survive has forced banks to keep coming up, at ever increasing rate, new products and services. Globalization, and the various micro and macro economic crisis are forcing local and international regulatory bodies to continually revamp all sorts of regulations and guidelines. Increasingly, focus is shifting from management of operations to the management of risks. The irony is that although business and regulations have kept up with the times, and technology has advanced from gigantic mainframes to relatively tiny PCs, systems used in most banks today are still stuck in the 1980s.
The current marriage of banking and legacy technology is quickly reaching its limits. A breakthrough is needed to push the envelop of IT and Banking further. There is a compelling need in the market for a revolution, a new way of combining the latest technology with the need for agility in today's business environment. This is the vision in which TechnoSolve Limited was founded and the banking business platform, TechnoSolve International Banking System, was born.