Delivering IT Excellence for Financial Services
Trusted IT consulting partner for banks, investment firms, and government agencies. Combining 30+ years of technical leadership with proven project management to drive meaningful digital transformation.
Velosoft Pte. Ltd. is a Singapore-based IT consulting firm specialising in project management, digital transformation, and software development — with a strong focus on financial services and government clients.
Founded and led by Elang Setiawan, a Senior Project Manager whose career spans Hewlett-Packard Consulting, StarHub Enterprise, a government research institution, and engagements with Singapore's leading institutions including major investment companies and commercial banks.
With formal training in data science and deep expertise in both Agile (Scrum) and Waterfall methodologies, Velosoft bridges the gap between business needs and technology — delivering measurable outcomes on every engagement.
Proven track record with Singapore's leading investment institutions, major commercial banks, and top universities.
Experience with government research institutions, defence organisations, and Singapore's key statutory boards.
Migrating legacy, Excel-based systems to modern cloud platforms with measurable ROI.
Professionally trained in data science and Generative AI implementation for enterprise.
End-to-end IT consulting tailored for financial institutions, government agencies, and enterprises seeking technology-driven transformation.
Full lifecycle project delivery using Agile (Scrum) and Waterfall methodologies — from requirements gathering through go-live, with rigorous compliance and quality standards.
Replacing legacy and Excel-based systems with modern, scalable, cloud-based platforms. Proven success across banking, investment, and government environments.
Technical leadership for custom software projects — trade workflow systems, portfolio management platforms, pricing systems, and financial data infrastructure.
Building organisational capability for Generative AI using foundation models from Meta, Microsoft, and open-source LLMs. From strategy to team upskilling and implementation.
Azure cloud architecture, migration planning, and implementation. Scalable, secure, and cost-optimised cloud infrastructure designed for financial and government compliance.
Business intelligence using Power BI and data science techniques. Turning raw data into actionable insight for decision-making, forecasting, and process optimisation.
High-impact engagements delivered for Singapore's leading financial institutions, government agencies, and enterprises.
Velosoft provided technical programme management for the maintenance and enhancement of a centralised public market pricing system at a large Singapore investment company managing significant global assets. The platform integrates real-time data from Bloomberg, Barclays, JP Morgan, FactSet, Reuters, MSCI, and Blackrock — supporting investment managers across 10 countries.
Velosoft managed the ongoing improvement and daily operations of a project portfolio management system for a leading Singaporean bank. The system supports project selection, prioritisation, resource allocation, and progress monitoring aligned to the bank's strategic objectives — delivering 20% ROI in Year 1.
Velosoft designed and delivered a trade workflow system for the Investment Office of a leading Singapore university. The solution replaced an end-of-life legacy platform, transforming manual Excel-based investment approval processes into a fully digital, web-based workflow.
Velosoft provided end-to-end project management for a budget management system at a key Singapore government research institution. The engagement covered stakeholder alignment, vendor oversight, and full delivery — replacing manual Excel-based processes with automated SAP data extraction and enabling bottom-up budget consolidation across the organisation.
Velosoft led project delivery of a cloud-based Club Management System for a Singapore government defence organisation, consolidating Golf, Bungalow, Membership, and Finance operations into a unified platform. The engagement coordinated 5 simultaneous development tracks across offshore teams in Malaysia, Myanmar, and India, under strict government security compliance requirements.
Velosoft drove full-scale business transformation and IT modernisation for Indonesia's largest electric vehicle distributor. The engagement included building organisational AI-assisted development capability using OpenAI Codex, Claude Code, and Google Gemini — equipping the client's teams with modern AI coding tools for the next phase of digital growth.
Computer Science — Information Science
The University of New South Wales, Sydney, Australia
1990 – 1991Computer Science — Software Design
The University of Alberta, Edmonton, Canada
1983 – 1987Scrum Alliance, Inc.
SingaporeMicrosoft Excel 2016 & Power BI Desktop (Syllabus 1.0)
ICDL Asia, Singapore
480-hour intensive programme
General Assembly, Singapore
Available for IT project management engagements, digital transformation advisory, and AI consulting.