Finance and Insurance

TekMonks Finance & Insurance Consulting Services

Technology and Finance

In 2014, more than half of consumer bank interactions around the world took place through online or mobile channels. If we include ATMs and the share of electronic, digital interactions exceeds 85% today and could hit 95% by 2020. Technology is at the heart of this transformation, and with the right capabilities financial firms can compete against nimble, technologically sophisticated start-ups that are reimagining ways to serve customers' financial needs. Executives see the opportunity to deliver differentiated customer experiences and "wow" moments like the ability to deposit checks with a mobile phone camera, remote bill pay or even basic transactions delivered through a good mobile app. And this trend accelerates for younger customers: 39% of those over the age of 45 considered the quality of a mobile app when switching banks, but 58% of those younger than 45 took it into account.

TekMonks - A Leader in FI IT Services

TekMonks is a leading global provider of technology and services to the financial services industry, serving some of the largest Banking and Insurance industry clients in over 6 countries.

Technology is at the heart of Finance, technologies like Bit Coins, Electronic only banks, Electronic only Wire and Foreign Exchange services are disrupting traditional roles of banks.

You need a technology partner that sees the future, that can anticipate the future, that is global like you, that is us at TekMonks. For more than half a decade we have been working with some of the largest Banks and Insurance companies around the world, delivering successful IT solutions for Financial Institutions.

Our Capabilities

TekMonks' financial-institutions technology team has extensive experience assisting financial institution clients with:

  • Development and implementation of proprietary software and solutions, including mobile wallets, point-of-sale solutions and commerce engines.
  • Managed Services of the technology infrastructure and capabilities.
  • Custom systems development.
  • Banking Integration services.
  • Technology/hosted services (including software as a service (SaaS and cloud computing).


TekMonks hisotry is filled with successful projects for large Banks and Insurance companies. Some of our sample successes are listed below:

  • Largest Insurance Company in Mid-East US When they were facing frequent outages, TekMonks helped rescue and implement the agent on-boarding process for the largest insurance company in Mid-East US.

  • A Cloud Security Management Solution to one of the largest Financial Institution in the world.

  • Producer Management and Compensation System TekMonks is the IT company powering the reinvigoration of the producer management and compensation system of one of the largest Insurance companies in Japan.