Financial Technology
Specialized solutions for financial institutions to enhance security, compliance, and operational efficiency.
Secure and Compliant Solutions for the Modern Financial Services Industry
The financial sector faces unique challenges, including stringent regulations, sophisticated fraud threats, and the growing demand for seamless digital experiences. Symbol Technologies offers specialized solutions and advisory services tailored to these needs. By partnering with industry leaders such as MDS-AFS (Wolters Kluwer, Fiserv) and Paygilant, we empower financial institutions to effectively manage risk, maintain regulatory compliance, prevent financial crime, and optimize overall performance. We address a wide range of challenges in the financial industry. These include meeting complex regulatory requirements such as Basel III/IV, IFRS 9/17, and AML/CFT; combating ever-evolving financial crime and fraud tactics; and managing various forms of risk including credit, market, liquidity, and operational risks. Our services also help integrate disparate data sources for accurate reporting and analytics, ensure robust security for sensitive financial data and transactions, and drive efficiency in finance and risk operations.
Comprehensive Risk Management for Financial Institutions
Proactively identify, measure, and mitigate financial, operational, and enterprise-wide risks with our integrated solutions and expert advisory services, powered by MDS-AFS and Wolters Kluwer's OneSumX platform. Our Enterprise Risk Management (ERM) services help organizations establish robust frameworks and implement comprehensive solutions to manage risks holistically across the enterprise. In the area of Financial Risk Management, we provide targeted services for credit, market, and liquidity risks. For Credit Risk, we offer modeling, assessment, and management solutions that are fully compliant with IFRS 9, supported by MDS-AFS Advisory and the WK OneSumX platform. Market Risk services include tools that enable institutions to measure and manage their exposure to market volatility. For Liquidity Risk and Asset Liability Management (ALM), we deliver solutions designed to ensure liquidity adequacy in line with LCR and NSFR requirements, as well as manage interest rate risk in the banking book (IRRBB), again leveraging MDS-AFS Advisory and OneSumX. We also address Operational Risk through Governance, Risk, and Compliance (GRC) solutions. Utilizing WK OneSumX GRC, we help institutions manage risks associated with internal processes, personnel, systems, and external events. The benefits of these solutions include significantly reduced fraud losses, enhanced regulatory compliance with AML and CFT standards, improved customer trust, and more efficient, streamlined investigation processes.
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