Financial Services

Benefit Plan Administration

The client is a retirement plan and consulting advisory firm. Gavant modernized and rewrote a software platform that administers prevailing wage retirement and health and welfare benefit plans for contractors of all sizes. The software improved efficiency of administrative operations and enabled self-serve data access for clients and participants.

Research Platform

The client is a specialized asset management and advisory firm. Gavant developed an extensive front-middle-back office platform that aimed to improve the investment process while facilitating collaboration of research, buying power and technology. The solution provided workflow tools that streamlined the cost of investment execution.

Facebook Marketing

The client is a financial institution. Gavant built a custom Facebook marketing application to bolster community awareness. The application prompted users to upload videos describing their experience with the institution and leveraged social interactions and popularity to facilitate competition and prize distribution.

Benefit Plan Administration
Research Platform
Facebook Marketing

Challenges & Trends

Financial Services

Almost every product or service offered by financial services institutions is enabled by technology. This partnership advances product offerings, provides a positive customer experience and ensures the services and firms are operating efficiently.

Cyber security and data privacy
89%
Digital transformation
79%
Customer experience
67%
Current Trends

Cyber threats have had a significant impact on the financial industry, brought on by use of third-party vendors, rapidly evolving complex technologies, and increased use of mobile technologies, including the growth of the Internet of Things.

This has led to compliance and regulations like the General Data Protection Regulation, or GDPR, which is designed to increase data protection for all individuals. Companies must become compliant with the regulation or they may be subject to large fines.

Blockchain is an open distributed ledger that records transactions between two parties in an efficient and verifiable way. While it's most recognized in the context of Bitcoin, the tech community has alternative uses for the technology.

What makes Blockchain so popular is that it allows for safe and secure trading of almost anything from money to ideas to royalty fees, eliminating the middleman formerly needed to manage the transaction. The opportunities for financial services who invest in such technology are endless from reducing operational costs to improving efficiency.

 

Customers are becoming more digital, more demanding and more tech-savvy. Their experiences with non-banking industries such as retail and communications have shaped consumers’ expectations from banks and credit unions, straining legacy bank infrastructure to support new modes of engagement. In response to increasing competitive pressures and people’s rising expectations, financial institutions around the world are investing aggressively in digital transformation projects.

Where once there was "e-business", inspired by the e-commerce wave, "digital" has gone mainstream and is regarded as the new normal.

Initiatives around big data are pushing more sophisticated and more open business models with better data tools and visualizations. While data standardization efforts have started, financial institutions are still relying on legacy data architecture and infrastructure.

This requires new data infrastructure to comply with the upcoming new data requirements like General Data Protection Regulation (GDPR) and Payment Services Directive II (PSD2). With those changes, new ways of extracting additional value from data have emerged, such as data virtualization, data lineage, and data visualization.

Customers are not only moving toward mobile banking, but also toward completely new ways of spending and managing their money. These financial tech firms, or FinTech firms, are not subject to financial regulations, and they offer more freedoms. They are giving consumers the opportunity for crowdsource funding, refinancing and borrowing money - simply and without a lot of fuss.

FinTech firms are growing in popularity because they are cheaper than traditional banks and much easier to use. And with rogue trading activities within banks on the rise, banks will have to decide whether to service clients in-house or through third parties to stay competitive.

digital

Technology & Design

Digital Transformation

Digital transformation is the innovative blend of sophisticated technology, beautiful design and compelling experience. It requires expertise, strategy, discipline and the courage to challenge convention.

Technologies & Tools

Web Development

Ember.js, Node.js, JavaScript, HTML5 and CSS3 for a robust and compelling user experience across platforms and devices

Mobile Development

Titanium and Ember Cordova for cross-platform mobile apps targeting iOS and Android devices

Cloud Infrastructure

Amazon AWS for scalable, high performance software with a broad set of cloud services geared for modern web applications

Java Tech Stack

Java, Spring Boot and Spock for high quality and extensible software and APIs built for cross-platform environments

.NET Tech Stack

C#, .NET Web API, Entity Framework and NUnit for high quality and extensible software and APIs

Database Architecture

MySQL, SQL Server, MongoDB and AWS RDS for increased flexibility across enterprise environments

Our Agile Process ensures full transparency and maximum flexibility

Results & Impact

Project Experience

Custom Software

We build software that does exactly what you need. Then, we adapt that software as needed to address key challenges and opportunities. Learn more

System Modernization

We embrace the transformative landscape brought on by social networks, mobile devices, analytics and cloud computing. Remain current and relevant. Learn more

System Integration

We integrate with in-house systems, payment processors like PayPal and Authorize.net, and social media platforms like Facebook and Twitter. Learn more

Mobile

We enable your customers and your users to interact and engage with your service anytime, anywhere and from any device. Mobile is the new way of doing business.

Workflow Efficiency

We identify better ways to interact with customers, employees and partners, streamlining workflows to create a more engaging and innovative user experience.

Legacy Facelift

We integrate legacy systems into modern computing environments so your investment in that system is preserved without the bottleneck to performance.

Reporting & Intelligence

Leveraging tools like Google Analytics and AWS CloudWatch, we enable you to analyze visitor traffic and usage trends to be constantly delivering maximize value.

Marketing & Social

We give your customers and users the ability to share ideas and knowledge, driving both identity and relevancy of your brand within the industry.

Dynamic Staffing

We're a a full service application development outsourcing studio that focuses on value and innovation while delivering on quality and economics. Learn more

Simplify & Secure

Secure your enterprise

Cyber threats are constant and ever-changing. Safeguard user data, applications and infrastructure to protect your value chain end-to-end.

Take the First Step

Let us help your organization explore digital transformation.

About

Gavant Software is a full service developer of custom software, web and mobile technology solutions. We operate nationwide and provide full cycle software application development outsourcing services.

Contact Info

Phone     518-273-2880

Address     216 River Street, Troy, NY, 12180

Email     info@gavant.com