The financial services and insurance sectors are primary drivers of our nation’s economy, and our clients in this space offer everything from lending and financial advisory, to payment systems and insurance products. They help manage risk and provide the free flow of capital and liquidity to make markets run – we help them build the software to do it.
After being acquired by a private equity firm, our FinTech client had aggressive growth targets they needed to meet. Their current product was limited in its UI/UX design flexibility and their customers were asking for more advanced filters and views of AR data and reports. Without a modernized platform, our client would likely not be able to expand and meet their new growth goals. Learn how we helped them modernize, enhance their UI/UX and introduce more scalable technology.
Our client, a Fortune 500 global provider of insurance and risk management products and services, had two revenue-generating applications that needed upgrades in order to reduce time-consuming manual processes and meet one of their largest client’s demands for new features. Learn how our team helped this client accelerate their time-to-revenue and reduce engineering costs.
At risk of being out of Financial Crimes Enforcement Network (FinCEN) compliance, our FinTech client needed to adjust how they audit and track suspicious financial activity. The company needed a partner with experience working in heavily regulated financial institutions to create a new system or risk major consequences to their bottom line.
A leading financial services provider specializing in money transfers had traditionally provided its services on a cash only basis through its walk-in retail storefront locations. However, shifting consumer demand and online offerings from competing institutions created the need for an online money-transfer service.
Our team quickly stepped in to help our client bring their online platform to the market. We conducted an assessment of the existing application and code and provided a roadmap for readying the site for an internal soft launch, then completed the necessary enhancements and readied the site for initial launch. Following a successful soft launch, we developed further enhancements required for international operation.
This healthcare technology and services organization offering solutions for healthcare billing and payments, landed a deal to integrate a New York City-based health insurance provider’s platform into their proprietary billing software. We came in to help with the integration and a successful MVP, while helping to expand their core offering to include out of network functionality.
After completing the integration of the health insurance platform, they experienced an increase in sales and the build-out of network capabilities has increased their potential customer base exponentially.
The accelerating growth of a leading national consumer lender specializing in the home-improvement industry meant they needed to modernize their processes, while enhancing the user experience for both their borrower and dealer network users.
We developed multiple applications to provide a better experience for their users and resolve many of the compliance challenges they were experiencing. One consumer application gave customers more visibility into their loan, leading to improved customer service scores on sites like Better Business Bureau (BBB). It also saved our client over $3,000,000 annually in postage fees.
Sparq provides software engineering outsourcing for a variety of financial services, insurance and fintech companies, specializing in multidisciplinary agile teams to build, deploy and support mission critical software.
Sparq helps you envision your product’s future using a collaborative, outcome-based approach. We lead the creation and launch of user-centered financial and insurance solutions, incorporating AI and ML to optimize risk management, underwriting, claims and transaction processing, advisory services, fraud detection and customer service automation.
Sparq helps you build new cloud-native applications, and modernize and migrate your legacy financial and insurance applications to the cloud, boosting scalability, data management and cost efficiency, vital for processing large-scale transactions and storing critical financial and customer data.
Sparq enables you to harness your vast customer, financial and insurance data for deeper insights and automation, encompassing everything from data gathering to advanced analytics with ML and AI, and in compliance with GLBA, Dodd-Frank, PCI DSS, and GDPR regulations.
Sparq takes responsibility for the ongoing improvement, monitoring and support of your mission critical and core products and applications, ensuring their seamless operation and performance in the face of changing market demands, customer expectations and regulatory requirements.
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