Concerto Overview

Concerto

Introduction

One of the most dependable companies in offering top-notch payment solutions is Concerto Software and Systems. The company designs, develops, and implements payment systems all over the world thanks to their talented team, who never cease to innovate and outperform themselves. Our superpower is their tightly-knit team of more than 400 Concertians. They concentrate on best-in-class infrastructure to strengthen our resources and create specialized products. They are also the world leaders in payment systems’ trusted service partners.

Key and Significant Facts.

Founded: 28th may 2008.

Founders: Jiss Jose Manampurath and Siddhartha Premananda Pande.

Industrial ranking: According to www.tracxn.com concerto ranks 65th out of 343 competitors.   

Company type: Private software solution providers.

Workforce Strength: 429 (sep. 30 2022).

Company’s website: www.concertosoft.com

A quick look into Concerto Software and Systems.

Founded on May 28, 2008, Concerto Software & Systems Private Limited is an unlisted private company. It is situated in Thane, Maharashtra, and is categorized as a private limited company. Its authorized share capital is INR 5.00 cr and the total paid-up capital is INR 4.04 cr.

For the fiscal year that ends on March 31, 2022, Concerto Software & Systems expects operating revenues ranging from INR 1 crore to INR 100 crore. EBITDA has grown by 88.56% compared to the prior year. Its book net worth has risen by 14.35% at the same time.

Concerto’s Professional services.

The professional services offered by Concerto include a broad range of solutions with complete system integration in challenging payment environments. Customer satisfaction is the company’s main operating principle, and their long-standing relationships with their customers are evidence of this.

Its main advantages are prompt delivery and consistent quality. To meet your company’s needs, the company develops solutions that are specially made.

The three main services of the company are;

• Software and Consulting Services: The entire implementation, improvement, and maintenance of Concerto’s clients’ EFT applications is their responsibility.
• Testing Solutions: One-stop testing services offered by the company allow for round-the-clock deliveries without sacrificing accuracy, speed, or quality.
• On-site technical assistance: To ensure significant cost savings, diligent offshore help-desk services assist in resolving production-related problems.

Areas that the company deals with.

• ETF Switch and Card Management
• Reconciliation
• Integration with Card Association.
• Fraud & Risk Management
• Payment Gateway
• Transit Management
• Monitoring System
• Transaction Testing
• Tokenisation and Encryption System
• Source Code management system.

What software solutions does the company offer?

The company’s product line was created with the dynamic, challenging, and ever-evolving Payments domain in mind. Its committed product development team is always improving and redesigning products and product concepts to meet the changing market demands.

Hosted Platforms

Looking for a software solution free from the hassles and high operating costs?

You’re covered by Concerto. Your solution is Concerto PayServe.

On a subscription basis, the company’s hosted platform offers software solutions.

What sets PayServe apart? You gain from our resources’ knowledge as well as the hosted platform offerings.

Hosted platforms that the company uses.

Transaction processors: The main transaction processing tools from Concerto handle sensitive data storage, secure authentication, and payment gateway systems.

Services concerto uses to get quality transaction processors.

• SamaH: Consolidation by Automation Software for transaction reconciliation through the main payment methods, including ATM, POS, EComm, UPI, IMPS, VISA, Master Card, and Electronic Journal (NCR, Diebold, Hyosung). SamaH enables transactions in Single and Dual Messaging Systems to be reconciled in 2 Way, 3 Way, and 4 Way fashion.
• vegaaH: Service for banks, businesses, and payment service providers that is secure and hassle-free. VegaaH supports integration with all significant card schemes and is highly adaptable to the dynamic Merchant/aggregator requirements. For the most reliable and secure payment gateway, switch to VegaaH.
• DigiPin: With Concerto DigiPIN, powered by 3D Secure ACS, Green PIN, and HSM-enabled OTP generation, you can discover a whole new world of customer authentication and transaction security. DigiPIN’s adaptable architecture makes sure that the existing channels don’t need much, if any, customization.

Value Enhancers: The value-added products from Concerto cover a variety of topics, such as EJ pulling, digital surveillance, product cross-selling, and validation of EFT testing scenarios.

Services concerto uses to get value enhancers.

• Genie: This is the business’s web-based ATM configuration file editing tool. The streamlined user experience is enhanced by the straightforward UI and runtime screen preview.
• dCoder: dCoder is a program for sending emails and SMS alerts to customers. The transaction output messages are decoded and transmitted in a language that the customer can understand.
• Validator: The company’s ground-breaking EFT Switch Testing solution is called Validator. The validation of test results is greatly accelerated by the use of Validator, which is powered by intuitive root cause analysis and automated test validation.
• CAMS+: Thousands of business, commercial, and ATM sites can have their security and infrastructure managed from one central location with the help of CAMS+, a potent e-surveillance solution. It allows for centralized control, records site-specific events in real time, and enhances operational excellence.
• eJar: With our centralized EJ pulling solution, eJar, you can enable quicker and more efficient dispute management. Reduced operational costs are guaranteed by eJAR’s end-to-end automation of EJ data retrieval.
• Rhythm: Use Rhythm+ to continuously track the performance of your ATM. Business intelligence has been incorporated into Rhythm+ to highlight important business functions and enhance values.
• SpanSim: The Saudi Arabian Central Bank’s transaction simulator.

India Specific:  Our product line was created with the constantly changing, demanding, and dynamic payments industry in mind. To meet the evolving needs of the market, our committed product development team is constantly improving and redesigning the products and product ideas.

Services concerto uses to get this feature.

• IMPS: Interbank electronic fund transfer system for instant payments.
• UPS: Real-time, secure payment Authentication is what drives this.
• NETC: NPCI transaction scenarios for the issuer and acquirer are simulated.
• BBPS: Anywhere, anytime bill payment.

What else does the company offer?

Along with a wide range of products to meet different needs across the payment spectrum, concerto also provides products and solutions as channel partners to the sector’s top players.

Some of these channel partners are;

• Comforte: Comforte provides a cloud-based data security platform. Wherever sensitive data is kept, including on cloud storage platforms, this system can locate and safeguard it. For businesses that require access to personally identifiable information (PII) of private individuals, the system offers a crucial service. In order to protect payment card information, Comforte has had particular success attracting clients in the financial industry.
• Prognosis: Prognosis for Payments reveals information that payment systems have kept secret. Its extensive troubleshooting capabilities enable faster root cause analysis. Customers of Prognosis decrease the frequency and length of outages, which helps prevent fines for failing to meet SLAs.
• FinSim: The most prestigious and universally respected designation in financial planning is Certified Financial Planner (CFP), which is regarded and valued by the entire financial industry. Additionally accredited by IRDA and AMFI for advisory services on mutual funds and insurance.
• PrimeCode: An enterprise Software Configuration Management (SCM) tool called PrimeCode is used to manage software application changes over the course of the entire software life cycle.
• DrNet: With DRNet Unified, you can purchase tested data replication and integration technology from a single source. In addition to non-transactional file synchronization, backup and restore capabilities, and the most powerful, quick database compare and repair technology available, it is supported by market-leading solutions. Direct support and special financial incentives are offered by DRNet Unified solutions.

Conclusion

From a company based solely in India to a company with three branches and one in the USA, Concerto might not be a popular software and service company but they are holding their ground as well as moving at a moderate rate.