BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)

The BFSI segment comprises of organizations that are into banking services, such as core banking, corporate, retail, investment, private, and cards; financial services such as payment gateways, stock broking, and mutual funds; and insurance services covering both life and general insurance policies. BFSI sector deals with a huge amount of risk as it contains a lot of critical financial data. BFSI sector is implementing disruptive technologies by developing digital transformation strategies and modernizing its existing applications. Frequent changes in banking regulations and the adoption of Omni channel approach to improve customer experience triggers the application modernization in the sector.

Application Modernization Services in BFSI

Comparing 74 vendors in Application Modernization Services across 81 criteria.
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2.6
Clavax's legacy modernization approach features an exquisite range of services incorporating a comprehensive service-oriented architecture (SOA) model to deliver a simpler, cost-effective & scalable ecosystem. The company helps users to migrate to modern platforms while maintaining their data and business logic. The company uses this data and business logic to integrate the system into other modernised systems.
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2.5
The core focus area of Espire's application modernization strategy is to retain essential legacy applications and modernize & optimize (upgrade or migrate) them effectively to enable modern functionalities and ensure agility. Espire’s pool of specialized techno-functional application development consultants functioning as a seamless extension of your IT staff that can be ramped-up and scaled down as required. Service delivery excellence, with Espire being one of the few global companies which is ISO 20000-1:2011, ISO 22301:2012, ISO 27001:2013 and ISO 9001:2015 certified and CMMI Level 5 Ver 1.3 Appraised (DEV+SVC)
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2.5 Online
Legacy transformation and legacy modernization services by Asysco allow clients to retain the value of critical business applications while continuing business growth and innovation. Asysco provides a migration solution that converts mission-critical legacy applications to new technology which can be deployed in the Cloud or on the client’s own commodity hardware. Asysco works with customers to reduce cost, increase business alignment, and mitigate risk.
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2.2

Sensiple Application Modernization solutions help clients undertake the modernization of legacy systems in order to reduce disruption, improve flexibility, mitigate risk, and decrease costs. Sensiple’s services address issues like high maintenance costs, numerous technology platforms, unsupported systems, lack of integration, shrinking employee expertise, and web capabilities in the legacy system.

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2.1

Macrosoft Application Development solutions combine its comprehensive knowledge of the business domain with cutting-edge technological skills for the delivery of next-generation applications. Macrosoft relies on Agile methodology to allow for shorter development cycles and swifter project completion.

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2

The application development life cycle used by Idexcel is cloud-centric, allowing the company to analyze the cloud compatibility of applications and identify the potential for modernization. The company uses the Agile framework in a phased approach towards application modernization. It allows clients to leverage the cloud with an aim to accelerate business growth.

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2

Happiest Minds has expertise in application modernization services in Open Source Software. It offers its services to businesses that are adopting digital technologies with an aim to build new and innovative business models. Its solutions reduce time-to-market, optimize business processes, empower the workforce, and personalize the customer experience.

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1.9
Metaware's application modernization solutions are a cost effective way to reduce OPEX by 90% and enable the digital transformation of the legacy applications. The solution also removes manual effort with automated release management, continuous integration, and continuous deployment processes.
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1.9
JANUS Studio®, developed by The Software Revolution, Inc. (TSRI) over the past 2 decades, is the most advanced tool framework for software assessment, documentation, transformation, refactoring and web-enablement. JANUS Studio® allows TSRI's staff to use Artificial Intelligence-based modeling to complete fully automated modernization projects, with much greater sophisitication and value than other approaches. Intermediate Object Model – A Model for Legacy Code Conversion. The IOM is TSRI's language-neutral model into which all legacy source languages are transformed, and from which all modernized target languages are generated. The IOM is effectively a universal language modelling system. Object Management Group Membership - TSRI is uncompromising in its adherence to the Object Management Group (OMG) principles of model-based driven architecture, and in fact, TSRI is the principal author of the Abstract Syntax Tree Meta-Modelling Standard used by the OMG. JPGEN™ defines compact and efficient grammar systems for mapping application source code into model bases.
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1.6

Raincode offers ASM370, COBOL & PL/I compiler and tools to migrate mainframe to .NET and Azure Having a COBOL or a PL/I past that stops from building more COBOL and PL/I code forever. With a modern compiler for obsolescent languages, you can take your applications off of the mainframe, run on a Windows platform and develop new programs seamlessly in C# in an integrated Visual Studio environment. With our technologies, none of the mainframe’s pitfalls, like ASM 370, CICS, DB2 or JCL, can prevent you from migrating to .NET and Azure.

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1.5

Cyber Infrastructure upgrades and modernizes legacy IT systems by adding value to them. The services provided by Cyber Infrastructure include application migration, application assessment for modernization, application re-platforming, application remediation, and data migration, among others. Cyber Infrastructure aids clients in risk minimization, increasing operational efficiency, generating higher revenue, minimizing disruptions, and optimizing application performance.

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1.4
Mphasis offers a wide range of services that modernize legacy applications and enhance application management. Over 950 consultants, a unique Maintenance2Modernization approach, and a proprietary automation tool—NGTrans—enable the company to transform application performance through capability assessment, portfolio analysis, and legacy modernization. In addition, their Source Object and Code Analyzer (SOCA) and COBOL Explorer, Analyzer, and DocuMentor (CEAD) tools work with codes that are compliable without errors and generate customizable MIS reports for code stocks.
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1.1

Astadia modernizes infrastructure and applications by migrating them to the cloud, allowing clients to benefit from improved app performance and agility. With Astadia, clients can unblock constrained mainframes, unlock mainframe dependency, and deploy better architecture.

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