Custom software development, digital transformation consulting, and software implementation are some of the services the duo will offer.
The development has come at a critical juncture for the industry.
NTERSOL, a digital transformation strategy and solutions firm that serves financial services executives, announced the acquisition of CoreIP Solutions, Inc., a technology solution consulting company. It aims to create a digital transformation powerhouse for financial services and fintech industries.
The development has come at a critical juncture for the industry: According to Gartner, IT skills shortages are the single most significant adoption barrier for 64% of new technologies, up from four percent in 2020. This makes it difficult for banks, lenders, insurance firms, and other financial services organizations to implement back-end and front-end technological solutions required to deliver simplified experiences as expected by today’s consumers.
Furthermore, with interest rates rising and borrowing activity declining, many financial institutions are now capable to undertake operational improvements they could not achieve during the previous two-year boom cycle.
Custom software development, digital transformation consulting, and software implementation are some of the services the duo will offer, which will be distinguished by an approach that blends deep industry understanding with substantial technical experience.
“We’re keenly aware that our greatest asset is our people,” said NTERSOL CEO Anthony Jenkins. “By joining forces, we will be able to scale up and deliver essential technology solutions to more financial services and fintech firms that need it to meet their customers’ constantly evolving expectations.”
“We’re delighted to be able to offer more comprehensive and scalable consulting services to our customers,” said CoreIP Solutions CEO Steven Wolfe. “Just as exciting are the new opportunities that will be available to our incredibly talented and creative staff.”