Financial Services Application Development and Localization

Adapting to New Technologies During the Application Development Lifecycle

To compete in a rapidly growing financial services marketplace, investment service providers are accelerating adoption of new technologies that enable them — and their client investors — to keep pace with global markets. Straight Through Processing (STP) technology has redefined how trades are executed, enabling same-day trade settlement. And Web-based services and Service Oriented Architectures (SOA) are redefining how financial service providers are managing their technology infrastructures. To leverage these and other advantages, firms must overcome a range of technology challenges, including integration of new architectures and messaging standards with legacy back-end systems.

Culturally, financial service providers are serving an investor base that is increasingly multi-cultural and globally distributed. To grow their market shares, firms must deliver promotional and service information in multiple languages. In addition, because societal views of investing vary among cultures, promotional messages and client communications must be culturally appropriate.

Having an experienced partner with proven financial industry expertise, integrated development and localization capabilities, and global scale makes all the difference. Lionbridge is helping the world's leading financial service providers achieve their globalization objectives with:

• Application development, testing, integration, and localization to provide the fast, secure, reliable technology platforms financial service firms need to run their businesses, on an outsourced basis; Lionbridge develops SOA platforms and applications frameworks, including Web-based applications, with the flexibility to grow and adapt to meet changing business requirements; and we provide application localization to leverage applications across multiple regions and languages
• Straight Through Processing (STP) solutions development services that enable same-day settlement, with automation and integration of key processes and messaging standards (including FIX, SWIFT and ISITC) to increase workflow efficiency and reduce costs
• Application maintenance and data warehousing services to reduce the cost of maintaining legacy software products and data assets, while keeping them current in multiple languages, freeing in-house staff to focus on core IT tasks
• Content localization services that leverage our industry expertise to provide the full range of financial communications — from promotional literature and client communications, to employee communications, training, and Websites — to ensure clear, effective communication across multiple languages, while adhering to corporate brand standards; Lionbridge also provides detailed cultural assessments to ensure messaging is appropriate for each region and culture
• Process optimization services to help financial service firms manage risk effectively and efficiently; Lionbridge helps establish and streamline processes for achieving and maintaining compliance with regulations, including Basel II, the U.S. Patriot Act, and more

Lionbridge provides the scalability to manage projects and expand operations in multiple global markets simultaneously, without increasing the burden on in-house staff. And we reduce cost and complexity by providing a single, flexible source for a wide range of outsourced technology development and localization services, for markets around the world.