Our Industries

Finance & Insurance

Lets discuss the impact of technology on financial services.

Trec Tech Helping Finance & Insurance Industries

Progressive financial services companies are on the lookout for new technologies to improve efficiency and speed of service, as well as provide a better customer experience. Exponential growth in information technology has prompted companies to leverage the digitization of banking technology to transform the financial services industry through customer experience management.

The financial services industry is looking at improving online customer service enabled by competition with consumer brands like Amazon, Facebook, and Google. Importantly, most financial services executives feel improving the customer experience to be the top driver of digitization in banking.

The advent of smart analytics allows financial services companies to mine the wealth of consumer data to understand and service customers better. Technology has also helped organizations develop innovative financial services. The development of better payment systems is a key challenge for organizations. There is also the possibility that Robo-advisory will be a significant application in the future. Similarly, blockchain-based services will gain in popularity in the coming years.

Our approach

Insight. Creativity. Technology.

We use the RAD approach which is a form of Agile software development methodology that prioritizes rapid prototype releases and iterations.
Define Project Requirements

During this step, stakeholders sit together to define and finalize project requirements such as project goals, expectations, timelines, and budget. When you have clearly defined and scoped out each aspect of the project's requirements, you can seek management approvals.


As soon as you finish scoping the project, you can begin development. Designers and developers will work closely with clients to create and improve upon working prototypes until the final product is ready.

Gather Feedback & Testing

In this step, prototypes and beta systems are converted into working models. Developers then gather user feedback to tweak and improve prototypes and create the best possible product. Later the product is tested to ensure that all of its moving parts work together correctly and as the client expects.