Financial Services

Professional ServicesWith the global economy rebounding, the emerging New Normal has created a constantly churning marketplace—with consumer preferences to match. To compete, financial services firms need to reposition themselves for higher performance and new growth opportunities. Among the more prudent steps you can take: Transform your IT foundation to become more adaptive to customer needs.

We help financial services firms develop business solutions that drive efficiency, effectiveness, innovation and virtualization. When you choose LMT, you benefit from deep industry expertise to help manage risk, comply with regulations, enhance product features and manage your business transformation challenges. There are generalists and there are specialists. It makes sense to choose a firm organized around specialists—smart people succeeding every day in the global financial markets. With LMT you gain access to an expanded team of technology and functional experts who specialize understand the complexities of your business.

LMT can help you benefit from a full spectrum of application development, maintenance, business process outsourcing and consulting services—as well as our global delivery expertise, from front office to back office. Let us manage and maximize your IT assets. Our industry experts support the back offices of numerous asset management and brokerage firms, prime brokers, depository organizations and banks.

Case Study

Business Problem:
Leading Financial Services firm, was in between System Administrators and was in need of quality IT professionals to analyze, document, and maintain their services in multiple locations across the country, while they worked out a long term strategy for their IT needs.
Solution:
LMT was able to identify a variety of critical needs, and immediately began taking action to get their IT infrastructure the business required in order to operate efficiently and with minimal disruptions, while providing support to their multiple locations and mobile employees.
Outcome/Result/Benefit:
The client has a viable long term solution for their IT needs that is a hybrid of local support and LMTs oversight. Costs have been reduced by 42%, uptime has increased by 15% and help desk inquiries are resolved 40% faster.

Case Study

Business Problem:
Major Financial Services firm was experiencing slowness and data corruption, almost on a weekly basis, and their business application was causing loss of productivity and at time loss of critical data.
Solution:
LMT was able to identify the cause of latency and data loss. As it turns out, the company had outgrown their existing database solution. This was causing the database to hand and corrupt data. LMT migrated the data into SQL Server and the company saw an immediate improvement in the speed of their day to day transactions. The company has also gone several months without any data corruption or any major issues.
Outcome/Result/Benefit:
The client is able to work more efficiently and productivity has increased by 40%. In addition, unscheduled downtime is no longer necessary, reducing cost and lost revenue opportunities.
Error Messages: