Modis

Case Studies: Financial Services & Insurance

Click below to learn more about how Modis has helped companies in the financial services & insurance industries:


Modis' customized service offerings continue to win client praises

Client Overview: Leading global financial services firm

This global financial services firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity.

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This financial services giant has relied on Modis for information technology staffing services and solutions for more than 10 years. Modis serves offices throughout the United States and averages more than 100 consultants on assignments each week.

In addition to IT services and solutions, Modis provides specific resources for systems that support the investment banking industry. In fact, Modis is one of four firms empowered to provide specialized services for some of the company’s key divisions.

Because we have a long standing relationship with the company, Modis has had the opportunity to customize delivery programs that are specific to their unique needs. Each Modis office that services the client has a dedicated account manager to handle their requests. Branch managing directors are involved in day-to-day account management as well.

Some of our other notable engagements with this company include:

  • Modis selected to provide consultant and permanent IT professionals for their new Technology Center in Texas.
  • Modis provided Tandem/TAL consultants to assist with the development of an interface a Tandem and IBM Mainframe System in two locations. Our consultants designed and programmed new subsystems, utilizing MQ Series to allow the systems to communicate.
  • Modis International selected to be the supplier of choice to run the recruitment process in the United Kingdom with the aid of the software application created by our sister company, Beeline. Our services provided the client with significant cost savings for both hard costs and internal, soft savings due to the overall process.

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Modis delivers SAP consultants for critical financial consulting firm project

Client Overview: Mutual Fund and Asset Management Firm

This financial consulting firm specializes in retirement planning and asset management, and is a member of a top Fortune 100 company. The firm advises and/or administers more than $40 billion in funds and assets.

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The Modis Solution: Provide consultants with required SAP, legacy systems expertise

This financial firm needed a new system that would provide more accurate financial data on a timelier basis. They initiated a project to convert legacy systems to the SAP Finance Accounting and Controlling module.

Modis assisted this client with the conversion of their financial legacy systems to the SAP module and also design the Advanced Business Application Programming processes that will be used once the conversion is completed. We provided SAP consultants with the expertise needed to ensure a smooth and efficient transition, while at the same time affording the client financial savings compared to having in-house technicians handle this project.

Using our screening and sourcing processes, Modis delivered candidates with the required SAP and ABAP backgrounds, even though candidates with the experience requested by the client were very limited at that time. Ultimately, the new SAP system provided the client with up-to-date and accurate financial data that they so desperately needed.

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Modis redevelops architecture for financial client, maximizes their efficiencies

Client Overview: International Financial Services Provider

This international financial services provider is one of the largest in the world. The company is made up of an international network of strong brands with first-class products and brings together the expertise of specialists in the fields of property and casualty insurance, life and health insurance, asset management and banking.

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The Modis Solution: Assemble project team to evaluate structure, recommend changes

This financial services firm partners with an international network of approximately 60,000 full-time sales people and 136,000 independent agents throughout the world to reach the public. The firm hired Modis to develop a real-time system that would unite the company’s architecture and function in real-time, allowing its agents to provide quotes as quickly and efficiently as possible.

Modis assembled a Q&A team and a data modeler to determine what changes to the firm’s infrastructure architecture will be necessary to achieve their goals. Once implemented, the new web-based system allowed for instant deployment of new products among their agents and salespeople. Technologies used in this solution include MS Solutions, Rational Unified Process, Rational Suite, and .NET, all of which are part of the solutions and services we have provided.

This project levels the playing field for the firm’s agents who sell insurance for more than one company. The firm estimates it will save $20 million annually in distribution of paper-based materials alone.

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Diverse IT services cultivate partnership between Modis, financial client

Client Overview: Credit Card Processing Company serving international clientele

Headquartered in Jacksonville, Fla., this company is a leading supplier of credit card processing services to domestic and international financial institutions. Modis has provided numerous consultants with mainframe as well as other needed skills.

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The Modis Solution: Providing services in step with client’s development plans

More than 20 years ago, Modis earned an opportunity to deliver a 33-man project team to develop a complete credit card management system using COBOL and CICS for an Atlanta-based bank. The system had three major modules – Card Issue, Merchant Management and Collections.

The consultants who created the software later formed their own company to market it to other banks and credit unions. Since then, the software package has been sold to more than 50 banks and credit unions throughout the world. One of the largest users uses the software to process more than six million accounts. We have continued to serve the firm throughout several mergers and acquisitions.

Modis continues to provide consultants as needed to the firm to continue with the enhancement and implementation of the package. Five of the firm’s top managers are former Modis consultants.

During the years that Modis has supported this client, we have staffed engagements ranging from a single configuration management specialist, to entire project teams consisting of IBM mainframe developers, business analysts and documentation specialists (numbering as high as 50 total consultants). We also have provided consultants with client/server development skills for some smaller engagements.

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Modis consultants drive investment firm’s desktop upgrade project

Client Overview: California-based global investment firm

Based in California, this investment firm has offices in more than two dozen countries around the world serving clients in more than 100 countries. The firm offers investments solutions under multiple names, managing investments for individual clients, companies, pension plans, trusts, partnerships and others.

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The Modis Solution: Deliver experienced consultants for huge desktop project upgrade

The client’s Enterprise Desktop Program launched an extensive upgrade project, including updates to the company’s Windows operating system, Storage Management and an Exchange system that were in use.

The client assembled a project team of approximately 40 consultants and called on Modis to provide the majority of those team members. Modis provided consultants with a variety of skill levels, including:

  • Program management
  • Process analysis
  • Network architecture
  • Senior network engineering/application engineering
  • Test engineering
  • Desktop analysis/Application screening

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Modis plays integral role in technology updates for mortgage funding client

Client Overview: Federally chartered mortgage funding institution

Chartered by the United States Congress, this institution is stockholder-owned and supports lenders’ efforts to help U.S. citizens secure mortgage funding. The institution has offices in Virginia, New York and Texas.

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The Modis Solution: Scaling staffing levels, account management to meet client’s needs

Flush with capital generated by the recent booming real estate market, this began a massive overhaul of its entire information technology operations. Since 1988, Modis has provided consultants in multiple skill sets for the client, including Trading, Loans Servicing, Billing and Risk Analysis, and Investments. Our local branches have kept in step with the client’s growing information technology staffing needs, increasing our resources to keep up with the demand. By doing so, we have become the client’s top provider of information technology consultants.

At our highest point, Modis had approximately 200 consultants on billing at the client in multiple skill sets. All placements are coordinated through a single point of contact and her team of recruiters. Due to our long-term relationship and reputation for sourcing excellent candidates as well as tools such as our Guaranteed Delivery Program, Modis is able to provide the client with the best-qualified candidates in the least amount of time.

MPS Group, Modis’ parent company, recently designated this client as a strategic client and dedicated a single branch to provide consultants in information technology as well as other professional sectors. We believe this approach – with one branch offering all MPS Group business unit services – will allow this client to meet its professional staffing needs in the most efficient way possible and also demonstrates our dedication to the client.

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Modis plans, executes PeopleSoft upgrade for mortgage funding client

Client Overview: Federally chartered mortgage funding institution

Chartered by the United States Congress, this institution is stockholder-owned and supports lenders’ efforts to help U.S. citizens secure mortgage funding. The institution has offices in Virginia, New York and Texas.

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The Modis Solution: Testing new PeopleSoft modules to ensure proper installation

This client’s Texas office was implementing a PeopleSoft-based centralized credit loss accounting system that tracks delinquent and foreclosure mortgage loans. They needed support for testing this mission-critical application.

Modis planned and executed the User Acceptance Testing (UAT), Stress Testing and compliance testing for the interfaces to the PeopleSoft Projects Module and for the integration between the PeopleSoft projects module and the PeopleSoft General Ledger. The resulting system provides the client with the ability to record and track mortgage information and accounting activity at a loan level from multiple legacy systems.

Our local branches have kept in step with the client’s growing information technology staffing needs, increasing our resources to keep up with the demand. By doing so, we have become the client’ss top provider of information technology consultants.

At our highest point, Modis had approximately 200 consultants on billing at the client in multiple skill sets. All placements are coordinated through a single point of contact and her team of recruiters. Due to our long-term relationship and reputation for sourcing excellent candidates as well as tools such as our Guaranteed Delivery Program, Modis is able to provide the client with the best-qualified candidates in the least amount of time.

MPS Group, Modis’ parent company, recently designated the client as a strategic client and dedicated a single branch to provide consultants in information technology as well as other professional sectors. We believe this approach – with one branch offering all MPS Group business unit services – will allow the client to meet its professional staffing needs in the most efficient way possible and also demonstrates our dedication to the client.

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Modis consultants ensure major insurance company’s application performance

Client Overview: Second largest underwriter of commercial property casualty and personal insurance

This major insurance company provides property casualty insurance, surety products and risk management services to businesses and individuals. The company, a leader in the insurance industry, distributes their products through independent insurance agents and brokers. The company has offices in St. Paul, Minn., Hartford, Conn., Canada and the United Kingdom.

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The Modis Solution: Deliver quality assurance consultants to perform needed testing

Modis worked with the client on an auto subsequent application, which provided online quotes for auto and home insurance, based on user and underwriter information input into the system.

This was a web-based application using Cool Gen on the main frame. Our consultants performed testing in a TSO environment using CLIST.

Modis engaged our Quality Assurance Solutions partner in order to deliver seven consultants with the technical and business background required by the client.

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