Seio has been in the forefront in helping financial companies to gain a competitive edge in the finance market. We have a dedicated financial business unit, which is one of the largest and strategically most important business units within our organization.

Seio’s financial experience spans:

• Managing Mergers and Acquisitions
• Administration Systems Consolidation
• Effective Cross Selling / Up selling
• IT systems Standardization

We also have an evolved Knowledge Management Repository allowing increased capacity, early ROI and reduced IT Budgets for our client.

Expertise in Financial Industry

Seio combines broad subject-matter expertise in the Private Bank, Mutual Fund, Life & Annuities, Health, and Property & Casualty markets with deep functional knowledge of all stages of the whole life cycle and extensive expertise in applied technologies.

Seio’s core capabilities and service offerings for the financial industry include:

• Integration of IT applications for acquired or merged businesses
• Maintenance and support for proprietary legacy applications (including 24x7 support, service request based enhancement)
• Development of applications like online enrollment, agency management, disbursement systems, accounting and General Ledger (GL) systems, claims, etc.
• E-enabling, legacy integration and internet based distribution
• Implementation and customization of “off-the-shelf” products
• Re-engineering applications to new technologies

These services are provided with a flexible and an integrated Onsite/Offshore model. They are linked to our client’s data centers by multiple high-speed satellite connections. Seio can also provide geographically isolated development centers for financial clients to ensure data security with a separate network at the client’s request.

Specific functional areas of expertise include:

• Agency Management systems
• Internet based Quoting and Distribution
• Policy Administration (pending and in-force case management, renewals, alpha inquiry, billing, correspondence, underwriting and case management)
• Disbursement systems
• Claims
• Compliance applications
• Accounting
• Trading and Investments
• Interactive Voice Response (IVR)
• Financial Data Marts

Seio’s metrics driven processes, mature service delivery models, and in-depth domain knowledge are the key features of our service offerings. These help financial companies to:

• Launch flexible new financial products
• Transform distribution channels
• Sell complex yet flexible products online
• Allow them to face challenges posed by deregulation, consolidation and convergence of financial services

Platform Expertise

Seio has been providing services over a number of technology platforms (IBM mainframe, mid-range UNIX systems, Windows). We have gained significant experience in managing proprietary applications for multiple insurers, and standard applications.

Seio’s core capabilities have been successfully deployed on several projects executed for medium and large-sized financial organizations.