Core Banking​ & Financial IT​

our impact

Core Banking​ & Financial IT​

Our Coverage

The range of our services

Core Banking Systems and Financial Services

hms possesses extensive knowledge and a proven track record of successfully executing complex projects within the core systems discipline. We are experts in the implementation of all stages, from identifying the solution which is most suitable for the bank – to seamlessly integrating and implementing the selected solution. Within this field, our company has a unique specialization in the area of data migration and data enhancement of complex banking and financial systems.

Open Banking

hms provides the services of consultation and implementation of Open Banking IT solutions for financial institutions and fintech companies. This is an effort which involves the cultivation of product development innovation, integration of disruptive players, enhancement of consumer options, and more. Open Banking provides financial institutions with new opportunities to effectively compete for consumers’ attention, and hms accompanies and assists these institutions throughout the entire process, in both their capacities as  providers of information and consumers of information.

Anti Money Laundering

hms has a wealth of experience in the field of Anti Money Laundering, Counter Terrorism Financing, US Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) as well as ancillary local legislation. Throughout the years, we have been leveraging our in-depth knowledge of regulatory requirements and business processes associated with these areas, and have therefore been able to provide our clients with the mechanized IT solutions which are best suited to clients’ requirements in this delicate field.  

Financial Regulation Advice

hms has accumulated more than 30 years of experience in effectively navigating the regulatory landscape on behalf of financial institutions in Israel. Not only do we possess extensive knowledge of all regulatory requirements, but we also have a deep understanding of the business and technical aspects necessary to provide our clients with the ideal IT solutions.

Trading Systems, Securities and Financial Instruments Back Office Systems

We are highly skilled in the areas of trading systems, systems for the provision of financial advice and securities back office systems, with a specialization in derivative financial instruments, such as forwards, options and other contractual instruments. Our vast knowledge of both domestic and international trading activities, paired with our expertise in state-of-the-art IT solutions, enable us to deliver tailor-made solutions which are designed to meet our clients’ specific requirements. 

Our department possesses comprehensive knowledge and understanding of the various financial instruments in the local and international markets. We are thoroughly familiar with the various valuation and risk management techniques, accounting and posting methods, and with the regulatory arrays put in place for such instruments.

Implementation of Technological Processes in Insurance Core Systems

We assist institutional bodies, insurance agencies and pension consultants in  adapting organizational systems to those bodies’ unique requirements, all the while keeping up-to-date with market changes and with inherently dynamic business processes. Our professional team assists these clients in identifying their requirements and in characterizing and implementing horizontal innovation and renewal processes. This is carried out vis-a-vis both the business elements as well as the technology divisions within these bodies.

Providing Strategic Advice to Systems and to Corporate Governance

Our professional team assists institutional bodies and insurance agencies in formulating and implementing IT strategies for achieving their business goals. This manifests, inter alia, in formulating an institutional vision, developing a business plan, in carrying out assessment and review of existing IT systems, in development of acquisition strategies, implementation and upgrade of IT systems, and in management of IT changes and IT risk.

Providing Regulatory Advice for Insurance and Long-Term Savings

hms possesses accumulated knowledge and a vast experience in keeping abreast with regulatory complexities and intricacies in the areas of insurance and long-term savings. Consequently, we are able to offer valuable assistance to institutional bodies and insurance agencies in comprehending financial regulations and in developing plans for compliance with regulatory requirements. This assistance extends also to implementing these plans and to representing clients before capital market authorities.

Professional Guidance to Insurtech Companies

We provide guidance to Insurtech companies in implementing innovative ideas in the insurance sector, and in assimilating technologically inclined products or services. Our team possesses in-depth and up-to-date understanding of current market and regulatory requirements, and offers an array of practical tools which provide made-to-measure solutions. 

Assimilation of Leading Financial ERP Systems

hms has extensive experience in assimilating international ERP systems, such as Oracle and SAP. We specialize in the assimilation of Oracle on both client and the service provider’s side. For SAP, we specifically specialize in assimilation on the client-side for large organizations. Additionally, we possess comprehensive knowledge of all financial models’ functions, including – GL (general ledger), client ledger, service providers and suppliers, budgetary control, inter-bank reconciliations, and financial statements consolidation. Additionally, we are well-familiar with the acquisitions function within the logistic model and with the budget planning module.

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