Encore Theme Technologies: aligning the FinTech industry with core business solutions on a SaaS model

Published in CIO Review India

Enterprises in the Banking and Financial Services industry (BFS) are now in the midst of challenges from local and international developments. With the emergence of new technology interventions every day and customers increasingly taking to innovative communication and access technologies at regular periods, businesses in the BFS segment are on the lookout for technology partners who can help them meet these challenges while adhering to continuous industry and government regulations. Rising to this demand, Chennai headquartered Encore Theme Technologies provides a comprehensive range of IT solutions for the Banking and Financial Services (BFS) Segment with extensive focus on trade, supply chain finance and home finance.

Incorporated in 2006, Encore Theme Technologies was founded by a team of adept software professionals in alignment with their vision to bring core business solutions in the form of a software ‘as a service’ offering. The company’s offerings are centred around two business units that include the product division and service division. While the product division caters to Retail Banking Software and Non-Banking Finance Companies, the service division operates in Domain-Led Core and Transaction Banking Software implementations that are focused on Misys Trade Finance Solutions.

In order to meet the evolving needs of present day financial companies, Encore Theme works with “Customer first” philosophy and company has designed a comprehensive solution suite – ThemePro. As a part of this suite, the company provides a home finance solution -ThemePro HomeFin which caters to Loan Lending Institutions to help them increase their business productivity while decreasing operational costs. ThemePro HomeFin consists of three purpose-built components to manage the entire life-cycle of a home loan i.e. loan origination process, loan management, credit monitoring. This solution is also built on top of a smart workflow and document management component that automatically generates all the statutory reports, covering the end-to-end lifecycle operations of a housing finance company. In addition to home finance, ThemePro suite also includes a Core banking solution – ThemePro CoreFin, which facilitates integrated working of the entire product through the customer information system. The solution is ready to service the growing Mobile Business channel. To complement the ThemePro suite, with “Domain First” Philosophy the company has developed a proven implementation framework – ThemeAssure that enables robust and rapid delivery to clients. Theme Assure comprises of many reusable components which serve as accelerators for rapid deployment.

Furthermore, Encore Theme Technologies also has a consulting practice that is aimed at bringing stability and consistency to their customers’ strategic programs, by leveraging their extensive expertise in trade finance, home finance, supply chain finance, and credit unions. “While technology is a horizontal backbone function in today’s market, is only second to having adequate banking domain expertise. Our extensive banking knowledge is the backbone of our consulting services,” explains Kanthimathinathan RK, MD & CEO, Encore Theme Technologies.

With over a decade of industry expertise in developing banking solutions, Encore Theme Technologies has grown to be a trusted solutions provider in this domain. Leveraging this position, the company hopes to became a leading SaaS provider in each of their domains of operation and with the decade of presence in India and Middle East the company is also looking to expand into far east in immediate future.

Source: https://finance.cioreviewindia.com/vendor/2017/encore_theme_technologies

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Bank ABC’s challenge was to roll out Fusion Trade Innovation across 11 countries within aggressive timescales to ensure compliance with SWIFT Standards and to standardize processes globally. Our partnership with EncoreTheme ensured we hit not only those timelines, but also significantly increased efficiency and quality of our processing. EncoreTheme continues to show flexibility in providing quality consultants who are easy to build long-term relationships with.

Paul Baker
Vice President - Group Operations, Bank ABC

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