The Internet of Things (IoT) is the network of interrelated computing devices, mechanical and digital machines, objects, and other items embedded with electronic s, software, sensors, actuators, and connectivity which enables these object to connect and transfer data over a network.
In a short span of time the world has been surrounded by devices like smart gadgets and intuitively connected internet, which strongly influenced businesses to adopt technology transformation. IoT helps businesses become smart, save time, save cost, gain accuracy and efficiency. It challenges Banks and Financial Institutes to remain focused and adopt Omni channel products in order to achieve seamless goals.
Banking industry is now adopting IoT to see the various potential ways in which it can help to take it to the next level of business and customer experience. Machine-to-machine connectivity that allows the collection of data and sharing of information in mass from customer devices, opens up multiple opportunities for financial institutions. It helps seeking knowledge from customer insights for better understanding, for better tracking and analyse the behaviours, wants and demands of the customers.
IoT empower Banks, NBFCs and MFIs to deliver customers a far more personalised experience by attaining foremost customer relationship. The Financial Institutions are able to reach a new level of understanding of the needs of both consumer and business clients.
IoT interacts with Data Science, Big Data Analytics, Machine Learning, and Artificial Intelligence and gathers data. The underlying value in IoT is the transfer of data, and the banking and financial sector relies heavily on gathering and analysing data. Therefore, it’s hard not to imagine IoT disrupting the banking and financial services industry.
Financial Institutes uses IoT technologies to create more engaging and context-aware customer rewards or to generate more intelligent and personalised customer cross sell opportunities. IoT empowered banks to go far more technologically to assist business customers and help them to achieve better commercial results, due to the banks’ ability to obtain and access data from across the business customers’ value chain, from suppliers through to distributors and retailers.
Innovative use of the Internet of Things (IoT) could make it possible for financial institutions to meet and exceed the expectations of these disparate groups. The challenge will lie in identifying the products, channels, types of interaction and frequency that will best satisfy consumers’ ever-growing desire for a better banking experience.
The Meticulousness of efforts to ensure customer delight by each of the team member during the course of the project is appreciable. - Data Archival Project
Overall we are happy with the services provided by Nelito. The implementation team is sensitive to our support requirements and does a good job.
We are extremely thankful to the whole team who have devotedly committed and created this excellent database. Much of our time was wasted in data retrieval from i link where we were facing lots of issues.
You have given us an awesome product which is superior to our Finacle itself in its display capabilities. The great idea of taking pdf/word/excel option is simply superb. Merging the party code and Finacle CIF and account numbers are another feather in the cap.
We have successfully made Nelito's Fincraft Software for NBFC live in early March for LOS,LMS and Sanjiv Khalkho, Arijit Chakraborty with his team have been very instrumental in making this software live . I would like to appreciate on the turnaround time during the go live phase of the team in getting some of our key requirements done and helping our users to use the software for recording and disbursing all the sales from the software.
In technology side I would like to praise Pramod Navale and Ganesh Khetmalis for in depth knowledge of the product and their technical skills is outstanding. Looking forward for the continued relationship for our next release and whole of 2018.
"We are extremely pleased with the kind of support extended by you and your team for our year end work. Although whole bunch of people worked for making the support seamless from your end, my special thanks to following resources. Anurag, Arpit, Arvind, Pranit, Suraj, Udgran, Nilesh, Leena and Udgrand. Also, thanks to all others who have supported us directly or indirectly at your end."
"For a Bank of our size, this system suffices and is very cost effective. Almost all of the bank’s activities run on the one system. Nelito constitutes a partner more than a supplier and the relationship includes provision of the bank’s underlying technology as well as its Fincraft range of applications."
"The best mix of functionality and technological support and our vision of “Cash Less and Paper Less” work environment for Sonata has come true with our technological partner Nelito. I highly recommend FinCraft Core Microfinance platform and especially integrations with a number of third party services."
"We are happy to use FinCraft Data Archival & Retrieval solution from Nelito Systems; it has given huge ROI in terms of saving revenue by retiring legacy applications. We get all desired reports in a timely manner from the solution."
"Proactive & professionally supportive, technically skilled team."
"My bank is working with Nelito from the last about 9 Years and the services provided by the company may prolong our association."
"Knowledge and service provided to the bank is beyond expectation. And we would definitely engage and recommend solution to others."
"As Vendor strict adherence to process & procedures. Risk Mitigates in Place. Flexible to customer requirements."
"Everything was successfully implemented and tested. The implementation was professionally done in a very efficient and cooperative manner. Migration was very smooth."
Support services provided for Swift is really up to the mark and meets all clients requirement. Kindly keep this ongoing.