Hyniva bring a suite of products and accelerators for the Banking industry in the areas of Consumer Lending, Cards & Payments, Document management, Mobile banking and ability to provide strategy solution through Business process services, BPO, IT Transformation, Program Management and Operational excellence

Banking and financial industries is going through major transformation due to uncertainty around the world, can you reimagine the future of the industry in 10 years? We never thought banks can be in the virtual world. We trust our money completely today to business we know nothing physically about without even thinking what will happen if the internet worldwide for no reason quit working. Traditional banking model is slowly going through changes due to Bitcoin, Paypal, cryptocurrency or block chain models that are set to take over the world across global boundary.

Banks have to disrupt their own models to innovate and grow or face obsolescence. There is already significant disbelief on efficacy of banks in wealth and cash management. Banks are now synonymous with money monster extracting money out of customers pocket using all sorts of fees and trivial schemes without really providing any benefits like reasonable interest rate based on the total cash value their customer keep with them. Most banks have the traditional model where more money in bank and wealthier bank customers get more benefits even though logical value to the benefits are much lower than the actual money the bank provides like low interest rates to their customer. Disruption to this are virtual banks like Ally who gives better rate by claiming operational cost reduction by not having physical locations. Brand equity has now become a dance with the cobra, small miss can result in a major loss of revenue and trust.

Even lending and credit lines have started to get disruptive through not credit card credit lines like Bill Me Later, an innovative model where a credit line is provided to credit worthy customer with a elongated payment model. The structure of the loan as it might be called will catch the customer off guard if for any reasons the customer forgot to pay the total purchase price of an item within the 6 month interest free timeline. Then the customer get hit with all the interest (very high interest) calculated on the purchase from day of purchase. There are always innocent victims of this pansy scheme successful entrapment.