Banking and Financial Services

Encora is a partner that Financial Institutions can trust to accelerate AI innovation through reliable onshore, nearshore and offshore orchestration & engineering services.

Early adopters of AI will have the competitive edge

As Banks and Financial Institutions continue investing in strong cloud and data foundations, rapid AI adoption can be the key to solve many of the intractable challenges faced by them, such as stubborn legacy footprints, digital customers, compliance complexity and rising fraud.

70%

of banks using centralized GenAI operating models have successfully progressed to production deployment.

$340B

potential annual value GenAI could add to the global banking sector by implementing AI use cases.

52%

of financial institutions have positioned GenAI adoption as a strategic priority with senior leadership backing.

33%

CAGR growth rate for GenAI in banking market by 2034.

Who we work with

Encora partners with retail banks, commercial banking institutions, specialty finance companies, wealth management firms, and payment processors. We use AI orchestration and engineering to modernize core systems, implement digital lending platforms, and build payment solutions that compete with fintech disruptors.

How we help Banking & Financial Services companies

Discover how we help you transform legacy banking systems into AI-powered platforms that delight customers and drive sustainable growth.

Core Banking Modernization

We help financial institutions transition from legacy systems to API-first, cloud-native architectures that support agility and scale. Our Enterprise Composability approach creates modular platforms that adapt quickly while ensuring operational continuity and regulatory compliance.

AI-Powered Risk & Compliance

Encora leverages Generative AI and advanced analytics to enhance fraud detection, automate KYC/AML workflows, and optimize credit risk. We integrate AI-driven solutions seamlessly into banking ecosystems, through enterprise composability, ensuring regulatory compliance and agility.

Data Integration & Insights

Siloed data ecosystems limit banking potential. Our enterprise composability frameworks unify information across channels, enabling real-time analytics, predictive modeling, and hyper-personalized engagement that transforms customer experiences and accelerates sustainable growth.

Digital Product Engineering

Financial product innovation requires speed and security. Encora's Enterprise Composability approach combines AI-first design with modular engineering to deliver customer-centric solutions that meet regulatory standards and market demands.

Payment Modernization

Banks today manage payments through multiple disconnected systems that create complexity and missed opportunities. Encora helps transform these fragmented networks into streamlined platforms that drive new revenue. Our modular approach connects real-time payments, cross-border transfers, and embedded checkout experiences like building blocks, so banks can roll out innovative payment products quickly while keeping fraud protection and compliance intact.

Process Automation

Most banking automation replaces people, but smart automation makes teams more effective. Encora builds AI systems that work alongside banking professionals, handling routine tasks while surfacing insights that help employees make better decisions faster. We create flexible workflows that connect seamlessly with existing systems, preserving the expertise your team has built over the years while dramatically improving speed and service quality.

Explore our work

SERVICELINK

How Servicelink Accelerated Growth and Cut Costs Through Cloud Migration

LENDKEY

How LendKey Accelerated Loan Processing While Cutting Infrastructure Costs

RISKPRO

How RiskPro Accelerated Development and Integration with Microservices

SAGENT

How Sagent Accelerated Product Innovation and Cut Costs with a Cloud-First Approach

View all work

DIGITAL BANKING TRANSFORMATION

Banking Fortified: Rebuilding Trust, Speed & Resilience in Financial Services

Learn how AI-powered CloudOps transforms banking infrastructure while ensuring compliance. This guide reveals strategies leading banks use to optimize costs, achieve critical reliability, and maintain security across hybrid systems.

Download the Blueprint

What our clients say about us

Credit Sesame

"Selecting Encora as our nearshore partner many years ago has proven to be the right decision. They have helped us scale our software development capacity, have shown professionalism, and execute commitment to our company engineering initiatives."

Pejman Makhfi,

Chief Technology Officer

Mosaic

"We have found Encora to be very responsive to our needs. Encora consistently meets or exceeds our standards by providing us access to the best tech-leads and engineers."

Nagaraju Bandaru,

Chief Technology Officer

Newfi Lending

"One of Encora's key strengths is their ability to find the best talent. We look forward to adding significant value together in the coming future."

Alok Surana,

Omni-channel Technical Product Manager

SCM Insurance Services

"As a global organization with a depth of technical talent, Encora has assisted SCM in reducing overall IT operating costs while accelerating our ability to meet our business objectives."

Mike Ackroyd,

Senior VP of Information Technology

Sagent

"Early in the relationship, the Encora team has differentiated itself from our other offshore vendors. Their responsiveness, focus on delivery and strategic view has been impressive. We look forward to building on the momentum we have started."

Gary Beckenbaugh,

Chief Information Officer

Opta

"We have found Encora to be very responsive to our needs, delivering high quality developers who work very effectively as an extension of our onshore team."