Pratik Deokinandan Baviskar is an expert at the digitalization of core banking platforms, the digital enablement of customer interactions, boosting analytical capabilities, enabling cloud functionality, and offering innovation in a notoriously challenging industry. Though some projects require a combination of these focus areas, while others only need one or two, Pratik Deokinandan Baviskar's ability to adapt a solution to fit business needs keeps projects agile, effective, and affordable.
In today's world, people want accuracy and efficiency at a level that is only possible with technology. In order to process banking transactions quickly behind the scenes, offer insights about how to move forward, and provide updates to the customer, providers need to employ tools and technologies that enable these functions. Unfortunately, the process of moving to a new system can be tedious and costly and have high rates of failure without the proper leadership.
Working as a corporate banking technology expert and product developer in the financial service industry for the last 8 years, Pratik Deokinandan Baviskar has ushered the industry into uncharted territory time and time again. He's seen the banking industry change their approaches to evolve as customer-centric service providers and reduce costs all through the use of leading technologies. Driven by ever-changing and fast-paced work environments, Pratik Deokinandan Baviskar takes on product design, codes, and algorithms that are daunting, delivers flawless results, and continues pushing forward with every new technological architectural advancement. Currently focused on corporate banking product innovations, Pratik Deokinandan Baviskar has spent his entire career introducing new technologies to a wide range of banking customers.
In the banking industry, the priority was modernizing the legacy systems to new technology product systems and bringing it into the 21st century. The company wanted IT to have a faster response while also modernizing the legacy system and lowering company costs through migration and maintenance costs. Pratik Deokinandan Baviskar proposed the consolidation of the organization's three legacy systems into one new digital product solution. His efforts saved his client $3 million per year in system maintenance and reduced the need for maintaining the data center, saving another $300,000 each year. He also ensured customer deadlines were met, freeing up data center space and saving millions of dollars. Pratik Deokinandan Baviskar's track record of leading the transformation of corporate banking products and modernizing organizations from the bottom-up speaks for itself.
Acting as the foundation for all banking product innovation, getting the core platform approach right is pivotal to enabling technological solutions for all financial service providers. It's not uncommon to see old legacy systems that struggle to process the sheer amount of data providers have access to today. These systems can lead to data corruption, inaccurate claims processing, and an overall lack of downstream analytics. Much of Pratik Deokinandan Baviskar's career has been spent implementing new core banking suite products, migrating data, and boosting technological functionality that revolutionizes corporate banking business practices.
Today, Pratik Deokinandan Baviskar works as a Product Developer Lead at Bank of America, where he advances corporate banking product solutions, works with clients to achieve their goals, and refines the practice as needed. Product Developers are often looked at as purely technical resources, and while the role requires a large technical skill set, Pratik Deokinandan Baviskar is evidence that product developers do so much more. They are business consultants that help bring organizational goals to life using technology. In today's landscape, organizations will need to adopt cutting-edge technologies and tools, but the right infrastructure must be in place before creative and innovative solutions can be brought to life.
Pratik Deokinandan Baviskar loves being able to take ideas from nothing to major, transformational projects. Working with technical and non-technical business partners, he is tasked with simplifying technical processes to help organizations understand exactly what the new system transformation looks like. Pratik Deokinandan Baviskar has a long-running history of delivering astounding results, and he is ever-committed to becoming better professionally and personally, and his work is evidence of that.
