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The 3 Biggest IT Challenges in BFSI

The banking, financial services and insurance industry has experienced substantial shifts over the past ten years. Perhaps more than any other sector, market forces are requiring custodial banking, asset management and other financial institutions to invest in technology at a rapid rate. These changes are occurring in diverse areas, requiring wide ranging staffing expertise, making prioritization critical.

In talking with our clients, we developed this list of the top 3 challenges in BFSI requiring immediate attention from CIOs.

1. Regulatory changes

After the financial crash in 2008, and the subsequent enactment of consumer protection laws under Dodd-Frank, financial institutions were required to comply with new regulations pertaining to capitalization, central execution, reporting, transparency and risk management.

While much of the existing data already existed at the institutional level, it was often siloed. New regulations required the sharing and analysis of this data quickly, easily and uniformly between diverse stakeholders.

Technology plays a huge role in helping organizations use existing infrastructures in data management, business intelligence, and knowledge management for compliance. By standardizing and integrating diverse data points – including financial, risk and treasury data – across the enterprise, firms enhance their ability to comply with regulations around reporting and risk management.

Yet, such projects are hardly available out of the box. Every institution has different existing systems which need to be updated, integrated and standardized. Every institution has different back office processes.

As a result, every compliance project requires unique planning and management from start to finish. CIOs need strong teams and partners to help ensure the successful completion of compliance projects.

2. Mobile and online banking

In today’s day and age, consumers are online, seemingly all the time. With the advent of mobile, people are always within arms distance of the internet. Clients expect online, mobile optimized availability for all services – from shopping to entertainment to – yes – banking and financial services.

Moreover, mobile is not just used on the road. As of 2013, 68% of people use their mobile device to access the web in their homes. Mobile is quickly becoming the most prevalent form factor for going online.

Mobile creates unique challenges in the financial services industry, including complications pertaining to usability, complexity and information security.

Yet, in order to compete with newer, more nimble financial competitors who emerged during the internet era, large established financial institutions need to embrace online banking as never before. They need to move beyond rudimentary mobile services and provide the full spectrum of financial products that consumers want and increasingly expect.

3. Blockchain

Blockchain is the new kid on the financial services block. Operating on a permissioned distributed ledger system, rather than on traditional central ledger settlement platforms, allows for faster clearing and settlement of transactions, eases payment processing and increases transparency between parties.

In short, blockchain – originally developed to support cryptocurrencies – can help banks reduce costs, improve efficiencies and provide better, more robust services for consumers. In order to stay aligned with the speed of the internet, better back-end processes are essential.

Yet, the technology challenges, not to mention the regulatory, legal and operational challenges, associated with this new technology, are formidable. Leading edge financial management institutions need to experiment with capabilities, limitations and collaborations to see where and how blockchain fits into their portfolio of services.

Blockchain brings the internet of things to financial transactions. Ignoring this new, potentially revolutionary financial platform places financial services organizations at risk of being left behind.

SRI Infotech is uniquely suited to help your financial services organization meet these challenges in today’s rapidly evolving business world. Contact us today to learn more.

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Using Big Data to Drive Big Business

We hear a lot about Big Data. But how exactly does it help businesses drive profits? When should a big data project be considered?

According to SRI Engineer Eugene Galchenko, big data makes the most sense when there is a significant amount of data to be stored, and when it’s necessary to run quick calculations on that data. “If organization has 100 terabytes of data or less, they don’t need big data.”

“The goal for big data projects” Eugene says, “is primarily to save money. Big data can be used to calculate results from hundreds of terabytes of data in an acceptable time frame to meet business needs. Or, it can be used to facilitate cheap archiving of petabytes of data which can be subsequently retrieved.”

In the most recent Big Data project undertaken by SRI Infotech, Eugene and his team were asked focus on archiving significant amounts of data generated by Oracle previously stored on Teradata systems. “Apps usually running under Oracle, they produce a lot of data,” Eugene explained.

“Teradata is more expensive for storage,” he continued. “So, we needed to provide an ability to upload some amount of data from Teradata platform to Big Data storage”.

In order to integrate the two storage systems, the SRI big data team developed interfaces on both sides Teradata (SQL\PL) and Big data (shell scripts).

Data Warehousing v. Big Data

However, the data wasn’t merely going into cold storage. Permissioned users needed to access the data for day to day business calculations. “It was necessary to develop interfaces to integrate Teradata and Big Data, so that the GUI was available for both.” SRI developers utilized custom Java development to facilitate reporting functions that users expected.

As this project demonstrates, the biggest challenge in big data projects tends to be application design and architecture. “Big Data platforms provide a lot of different tools which can be used in a number of different ways,” Eugene explained. “If the client wants something in between standard tools” – such as reporting capabilities – “that will add complexity.”

The complexity of big data projects depends on the actual problem an organization is trying to solve. As a result, it is essential to have management support for big data initiatives.

Our successful completion of this project stemmed from the strength of our engineers and developers. “At SRI, we have experience with implementing very special cases of integrations between private cloud storage and big data platforms, Teradata and big data, as well our custom UI development experience. As a result, we can use to suggest a successful strategy for our clients.”

Think big data can help your bottom line? Contact us today to learn how SRI Infotech can help you get started.

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IT For the Entire Financial Services Office

For institutions in the banking, financial services and insurance sector, technology projects are often siloed. They tend to exist exclusively in the front office, middle office and back office.

More often than not, it is the front office – the client facing operations which directly drive profits – that gets most of the technology attention. Whether it’s trading frameworks to better facilitate transaction completion or consumer facing technology such as mobile applications, websites and real time communications tools, the technology that touches the customer – in one way or another – is the most visible, and therefore, most attended to.

However, in today’s day and age, significant opportunities exist to use technology to improve efficiency and cut costs in all parts of the investment bank, particularly in the often ignored middle and back office.

Custom software and development application can promote automation in areas that previously required extensive man-hours, freeing human capital up for more complex – and more profitable – operations.

Typical cost savings projects include development of custom derivatives and securities work stations to facilitate the quick and efficient placement across destinations, as well automated solutions for transaction management, trade capture, confirmation and settlement, exception handling and valuation.

Moreover, financial institutions can further improve their operations by developing and implementing custom solutions using both the Financial Information eXchange (FIX) and SWIFT protocols, in lieu of older technologies.

Undertaking middle and back office projects allows BFSI instiutions to do more with less, improve performance and cut costs. In today’s hypercompetitive financial services environment, this represents a significant opportunity to impact the bottom line. It’s the interaction between all offices – front, middle and back – that helps banking, asset management and financial services corporations grow and thrive in challenging times.

SRI Infotech works closely with institutional banking clients to help them meet their brokerage needs from front office to back. Contact us today to learn more about how we can help you.

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5 Steps For Offshoring Success

The outsourcing of technology and development projects has taken on increasing prominence in the business world. Why? No longer confined to manufacturing and blue collar work, with offshoring, businesses are able to build larger, more highly qualified IT departments for the same cost as smaller, less robust teams domestically.

According to Raj Ponnuraj, Founder and CEO of SRI Infotech, offshore development projects allow for the “full manifestation of the internet in action.” Prior to the internet, lack of high speed, efficient and international communications, infrastructure and information sharing required onshore technology development personnel. Development work needed to be done locally to ensure success.

Today, Raj believes that “people who are good technically do well in their careers no matter where they are located.”

In offshoring situations, companies have access to the best talent… regardless of location… because employees don’t have to leave their hometowns to achieve project objectives. “They can work right where they are.”

The offshoring model allows companies in high‐cost countries – like the United States or Great Britain – to capitalize on lower cost employees from around the globe, including Poland or Moldova. Because quality is accounted for through experience and educational hiring requirements, technology departments can build more robust teams: in lieu of the 20 or 30 people budgeted for domestically, an offshore team can hire 50 or 60 people with superior education, experience and problem solving skills.

Nevertheless, in order to maximize return on investment by going offshore, companies need to acknowledge – and address – certain challenges. From time zone differences to language barriers to work environment expectations, successful offshore projects don’t run themselves.

How do you ensure that your offshore project brings the expected results, including desired cost savings? By following these 5 steps:

  1. Planning, planning, planning
    Before any member of an offshore team is selected, it is critical to define the mission, vision, goals, objectives and deliverables. By defining these elements ahead of time, you can select the strongest team capable of achieving them.
  2. Trust and verify
    In order to get the best out of your offshore experience, you need to treat employees as team members. It is therefore critical to know – unconditionally – that you can trust them with the responsibilities assigned to them. Take the time to verify their references, experience and expertise. Doing so not only ensures you have the right resources for the project as defined, but further enhances collaboration and communications.
  3. Keep in touch
    Often, negative outcomes result from losing touch with offshore teams. Out of sight frequently becomes out of mind. However, contrary to popular practice, success requires more paths to open and honest communications. Make sure to schedule at least one meeting per week with offshore team leads and managers, notwithstanding time zone differences. Critically, also encourage frequent, informal communications through email, Skype and other peer to peer systems. Staying in touch ensures that expectations are being met and, just as importantly, provides an opportunity to clear barriers to success.
  4. What’s in dev?
    Speaking of communications, one of the most common misunderstandings between domestic and offshore teams concerns the deployment environment. Information engineers need to understand what idiosyncrasies exist in production. They may have been implemented during prior development projects or to comply with existing regulatory or for numerous other reasons. However, those hidden assumptions can impact coding strategy. Variables that are understood domestically maybe be missing for overseas teams. By clearly defining the environment during project kickoff, all team members will understand delivery parameters.
  5. Define your SLAs
    You may have heard the adage, “good fences make good neighbors.” That’s because fences define boundaries. Everyone knows where everyone else stands. The same can be said for service level agreements. SLAs allow managers to monitor project quality, time and cost. Adjustments can be made when projects fall behind or quality lags. Likewise, benchmarking afforded by clear SLAS allows for the reallocation of resources if it looks like projects will complete ahead of schedule. By defining performance parameters, all parties to a project know what success – or failure – looks like. This helps the team drive towards a common goal.

By following these steps, your organization is best able to capitalize on the opportunities afforded by using offshore information technology, application development and support. Contact us today to let us explore how offshoring can work towards improving your bottom line.

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The Advantages of ASP.NET for Web App Development

.NET is one of the most popular platforms for online application development. According to popular website Builtwith.com, ASP.NET + MVC.NET + AJAX.NET occupy almost 40% of the market. This means that the technology from Microsoft dominates the web application market. This is not necessarily surprising, since a variety of different tools and frameworks found in .NET-based software gives you vast capabilities at various levels of complexity. From creating simple and fast web pages to the development of high-performance REST based APIs for huge corporate systems, .NET is a powerful, multipurpose tool.

Why choose Microsoft’s .NET technology?

There are a number of reasons why developers and customers are choosing .NET technology for application development. Microsoft’s longstanding history of stability and support is perhaps one of the most important. Knowing that long-term perspectives and continuing technical support exist are strong motivators for choosing  .NET in today’s rapidly changing tech environment.

Furthermore, Microsoft has created a large number of convenient tools for .NET development, testing and documentation. This infrastructure helps system developers, managers and architects work rapidly and comfortably towards project completion. It also helps the customer, which receives a large number of applications and tools for control of the development process and the quality of the final product.

The fact that these tools exist in a single ensemble, and are often integrated into the crown of creation of Microsoft – Visual Studio further simplifies development. Because of Visual Studio’s popularity it is often easy to find experts to start or continue a project in the face of team turnover. The stability of both trained developers and the platform itself make using .NET a smart investment.

Trends in the development of web technologies in .NET

Although .NET and Microsoft both have a long and stable history, one shouldn’t assume that it’s static. In fact, the platform is constantly evolving. One of the most innovative technologies is the combination of MVC.NET and AJAX.NET. While not as widespread as ASP.NET, it is a worthy substitute. Through it, developers are able to conveniently introduce mass changes without some of the fundamental problems of the previous system.

An additional recent innovation was the introduction of ASP.NET 5. This technology is devoid of all excess from the .NET stack. It allows for building modern Web applications from scratch, and provides an optimized platform for developing applications for deployment either in the cloud or on in-house server. Additionally, to support flexibility in building solutions, this platform consists of modular components with minimal overhead.

ASP.NET 5 includes the following features:

  • New flexible and cross-platform runtime
  • New modular conveyor for HTTP-requests
  • Configuration ready to use in the cloud
  • The unified programming model that combines MVC, Web API and Web Pages
  • Ability to see the changes without re-building the project
  • Using multiple versions of the .NET Framework side-by-side
  • Ability to self-hosting or hosting on IIS
  • New tools in Visual Studio 2015
  • Open source in GitHub

 

Cross Compatibility?

One of the common misconceptions about .NET is a lack of cross-platform support. However, this is not true. .NET will work on all operating systems where possible to install the .NET Framework, from large windows based servers to the Windows Phone.

However, Microsoft has been aggressively developing solutions to integrate .NET applications into other (non-Windows) operating systems. For over 10 years, Mono has successfully provided a free platform for cross-environment .NET development.

But recent developments imply that the new format  of .NET Core 1.0, ASP.NET Core 1.0 and Entity Framework Core 1.0, will be available on not only on Windows, but also on OS X (Apple) and Linux!

.NET Core is truly a cross-platform, open source, and modular .NET platform for creating modern web apps, microservices, libraries and console applications. It will significantly expand the scope of the .NET technology in the coming years.

Analysis and Development of Enterprise Solutions using .NET technologies

One of the main advantages of .NET technologies is its extraordinary flexibility in developing and connecting various components without complex integrations. This ease of use makes successful implementation in the enterprise far less complicated and costly, and directly improves its popularity, particularly for development of large enterprise systems.

What else attracts customers and corporate systems developers?

  1. Most Enterprise solutions are long-term projects. Because Microsoft guarantees stability and development of .NET technologies, it allows you to plan the development of an information system over the long term, without fear of losing support shortly thereafter.
  2. A large set of quality and convenient extensions that allow developers to exhort the optimization and code quality control.
  3. The presence of high-quality documentation and tools to create and maintain documentation of your product.
  4. All of the modern .NET technologies involve compiling code. As a result, the final solution can be packed and delivered in the compiled version without source code.
  5. Code Analysis and Security Check – provided by a variety of existing solutions and plug-ins – eliminates many errors and vulnerabilities.

How to avoid mistakes when choosing .NET technology

Like all development projects, there is always a risk when when support becomes complicated and code uncomfortable for developers. This often happens due to a misunderstanding of .NET operating principles in the design of information systems.

First, it should be remembered that .NET is strictly object-oriented.  Developers and other professionals who work with applications must have the skills and understanding of the work with the PLO.

Second, consider whether the project is right for .NET. For example, CMS applications developed on .NET are not as popular and convenient as one developed on PHP. Small simple sites should be developed on  smaller, simpler technologies. Save .NET for large enterprise systems that require it’s complexity and capabilities.

Finally, it is critical to use the most updated version of the selected .NET technology. Updating solutions allows developers to use the latest innovations, and facilitate the transition from one version to the new one. Rejection of the renovation will lead to the inevitable obsolescence of the technologies used, and as a result of the obsolescence of the information system itself. This in turn leads to higher costs for maintenance and development of new versions.

Conclusion

Much like mathematical problems, development projects can have many appropriate solutions. As a result, choosing a technology for a new product should be guided by needs analysis, including system architecture requirements and resource availability. .NET Technologies have an established track record of successful solutions that allow you to build a variety of information systems for diverse business purposes. Development of a quality product is a combination of architecture + technology. .NET has everything you need to build quality software.

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How Outsourcing Helps Your Bottom Line

We are often asked how outsourcing can help a business’ bottom line.

We took a few minutes to put together this quick video that explains how outsourcing can help your business achieve it’s fullest potential. After all, a picture is worth a thousand words.

By letting us handle technology, you can focus on what you do best and grow your business.

Contact us to learn more today.

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New Trends in Information Security and Addressing DDOS Attacks

The modern, networked world places an emphasis on application quality and speed. Yet, by focusing only on those two issues, security is often overlooked.

In order to try to make troubleshooting security infractions more efficient, it helps to develop an automated system. This paper presents details pertaining to the registration and analysis of all computer and network incidents (i.e. attempts or the facts of infringements of the owner of the information, or various attacks within network or from the Internet) located in the territory of Moldova that affect users of the Research and Educational network.

Realization of CERT in Moldova was initialized by NATO project “Creation of Infrastructure for CERTs in Belarus, Moldova, Ukraine and their Initial Operation” in and for operation in Research and Educational networking segment of Moldova.

The focus of this project includes the following areas:

  • Incident prevention;
  • Incident detection;
  • Incident analysis;
  • Forensic evidence collection;
  • Tracing or tracking;
  • Incidents post-processing.

Golubev Alexandr, co-author of this paper, is a senior software manager for SRI Infotech and served as a security engineer on the CERT project. Click here to learn more about new trends in information security

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BizCal 2: A Better Business Calendar for iPhone

Who here misses their Blackberry? It’s okay… You can admit it.

As much as we all love our iPhones… the huge app library, the readily streaming video, the music and the ability to easily sync with our car, there are just some features that business users miss.

Readily customizable calendar alerts is one of them.

How often do you miss meetings because the iPhone calendar only allows for one alert per event? Or what about the fact that Google calendar – even when synched with the iphone – doesn’t give you any alerts whatsoever?

With our latest version of our calendar app, BizCal 2, you can keep your beloved iPhone and get the business functionality you want. We have developed this app specifically to synchronize with iPhone Calendar app events. With a subscription, our app allows the user to set up to 20 custom alerts for all future events.

Custom alerts will automatically apply to all upcoming events without a need to set it manually each time.

Business Calendar for iPhoneBusiness Calendar for iPhoneBusiness Calendar for iPhone


Click images to enlarge.

You can also customize alerts with different times and sounds. With your choice of 20 different alert sounds, you will know in a quick moment whether you are scheduled for your child’s soccer game or a C-Suite meeting.

BizCal2 is great for business users who cannot afford to miss appointments.

Click here to start your free 7 day trial!

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Collateral / Securities Lending Accounting System

Our client, a leading custodial services and financial management company, was looking to update their processing around securities lending. We developed a system to store the information about all broker-dealers, agency-lenders, securities and stocks, loans, earnings and other financial information required in the course of operating a securities lending business.

Challenge

The Collateral/Securities Lending initiative is a back-end project, for the development of a data warehouse across the United States and United Kingdom. This mutual fund accounting system processes loan and collateral information at the end of business day.

Typical processes include a series of validations, transformations, and aggregations to derive the data required to update asset and loan information. The feeds for inventory, loan, earnings, security data, investment, fund, group and account information are loaded into they application from systems like DML, MCH, BRS, SSgA, LCM/NCE etc.

The processed data is then used by internal paradigms that relate to agency lending disclosures and securities transaction automated risk analysis for the necessary calculations and reports.

Mutual fund accounting system data is subsequently used for client reporting in the form of SLPR On-Demand and SFIR Scheduled Reports. This data is subsequently sent to various external clients via client feed at various levels of data granularity.

This system enables users to:

• Calculate the audited/unaudited earnings for all loan allocations at fund level
• Analyze the non-cash collateral funds
• Use it as a repository for all types of earnings/expenses and income at daily/monthly levels
• Generate daily/monthly reports after the data loads

Solution

Our team participated in full system development life cycle including design, coding, testing, implementation, documentation, application maintenance and support. We performed analysis, developed PL/SQL scripts for complex business requirements and SQL scripting, tuning and optimization (schema and SQL) and data quality issues fixing. Our team developed data access and data load processes throughout the application.

We used the following techniques and technologies to provide the Client with required functionality: B-tree, bitmap, function-based indexes creation depending on execution plan analysis; JavaScript/ExtJS(2-4) technology for GUI frontend, starting 2015 we opted for React JS; Java, C++ and XML/XSLT for custom service engine part (data processing, web service).

The system provides users with Jasper-based reports generating on demand. SLD receives feeds from various upstream systems for a given business day. All the feeds are processed through ETL concepts; data is loaded into respective core Oracle tables for further report generation. Loan and earnings data for particular business day is processed through batch process driven by shell scripts.

Result

Our team has been developing and supporting mutual fund accounting systems for over 7 years. This application allows the securities lending team to access information for generating daily and monthly reports. Feeds received by the system from other sources provide detailed, granular data for loans booked, earnings on loans, security level information, investment vehicle, investment pools and borrower details.

Users can generate the reports as they require.

Moreover, users can easily track trades and settlements, and manage their trade risk.

Tools and environment:

Subversion: Git; Front-end: JavaScript (ES6, ES7), NodeJS, ReactJS; Package management: WebPack, npm, Grunt; Unit tests: Karma, Jasmine; Documentation: ESDoc; Styles: LESS, BEM-methodology; Data processing: JSON, Web/REST Services; Back- end: Java SE/EE, JDBC, JSP/Servlet; DB: Oracle PL/SQL, Oracle 10g/11g; OS: Linux, Windows.

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Technology & Securities Accounting Risk Management

Financial management institutions seek to maximize profits and minimize risk. For institutional entities in banking and finance, a strong securities accounting system plays a critical role in ensuring that all parties to a transaction are properly informed, collateralized and protected from costly errors that decrease trade completion, increase risk of penalties and otherwise inhibit the smooth transaction processing necessary for success in today’s fast paced business environment.

There are several non-market risk factors frequently encountered by companies engaged in institutional securities management:

Risk 1: Trade Entry Errors

Frequently, disagreements between trade parties result from errors as simple as mistakenly entered terms or added extra zeros. Risk of erroneous data entry is particularly high when trade terms change several times over a short period of time.

Yet, simple as these errors are, they often go undiscovered until time of settlement. When payment expectations – either out or in – are not in alignment, discovering the root cause of the discrepancy… which could date back several weeks… wastes precious time and labor resources.

Risk 2: Disparate Valuation & Reconciliation Expectations

Valuation is of critical importance in maintaining the integrity of securities trades. Yet, manual entry of trade value calculations can lead to parties having different expectations of returns or outflows over a given period in time.

Discrepancies can result from calculation errors resulting from either mistakenly entered formulae or use of inconsistent pricing data.

Risk 3: Counterparty Risk Exposure

How stable are your transaction partners? How likely are they to complete their end of the transaction? Are their securities maintaining their valuation? Are the assets they pledged as collateral sufficient to mitigate risk, or is further collateralization required? The stability and reliability of trade partners plays a big role in deciding whether to see trades through to completion, or if environmental factors require compromising profit for risk minimization.

Risk 4: Collateralization

Similar to counterparty risk exposure, trade collateralization helps reassure trade partners that agreements are likely to complete, and serve as reassurance against counterparty default. Yet, collateral is only as good as its availability. If collateral is pledged multiple times against various trades, risk mitigation is severely decreased or eliminated altogether.

Failure to adequately collateralize trades weakens not only relations between trade partners, but also the market environment as a whole.

Risk 5: Reporting compliance

While not as high profile as the other risks, failure to report trade valuations increases operational costs. Required by exchanges and governmental regulations, inability to submit valuation of trade activities by mandated deadlines leads to the imposition of fines and penalties, and development of a poor reputation. Yet, each of the other four risks, if unaccounted for, increases the likelihood of missed reporting timeframes. Failure to report accurately and on time leads to expenses that can undercut profitability in a highly competitive environment.

Technology For Risk Mitigation in BFSI

Technology based solutions provide the opportunity to mitigate each of the above mentioned five risks, as well as many others. By combining trade documentation, trade details, 3rd party valuation data, standardized pricing calculations and asset tracking, along with internal and external reporting capabilities, customer account access and audit management, a technology based solution has the opportunity to mitigate both non-trade and trade based risk.

Mitigating Valuation Risk

For example, by integrating 3rd party valuation services and publishing daily position calculation reports, both party and counterparty are notified of anticipated payments over various timeframes, given a particular date and timestamp. This provides both parties, not only with common data from which to make educated decisions regarding trade status and future action, but also the opportunity to recognize disparities. By fixing valuation disparities closer in time to trade origination, organizations prevent payment processing delays and ensure that errors don’t follow forward for significant periods of time.

Moreover, by allowing for the storage of trade documents within the transaction management system, origination documentation can be accessed and evaluated by both parties in near real time, preventing delays related to search efforts caused by inefficient, unshared data management protocols. Unlike document retention facilitated by email and fax, in this system, both parties are assured of looking at the most recent document available, with the same terms and conditions.

Additionally, discovering the source of errors through auditing capabilities… be it clerical, technical or structural… allows for the prevention of future errors, enhancing future productivity and profitability.

This combination of technology fixes to the traditional trade management environment has the potential to reduce discrepancies and resulting delays from 40% to 3 – 4%, while additionally increasing the speed of valuation resolution.

Mitigating Counterparty Risk

Technology can similarly level the playing field between parties, ensuring that counterparty risk is sufficient to ensure comparable exposure for both parties. Real time collateral validation ensures that particular assets haven’t been pledged multiple times for different transactions, and counterparty credit information helps determine whether a true meeting of the minds is possible between parties.

By making these assessments part of an integrated system, rather than parsing them out to another team with different timeframes, priorities and frameworks, transaction time assessments are possible, ensuring that deals are secure at their inception. Further, continuous monitoring – and reporting – of details including collateralization, financial position and stability allow for real time decisions about trading profitability for risk optimization, should conditions surrounding the original trade change.

Technology As Equalizer

The days of managing financial transactions using Excel spreadsheets, email and shared drives is over. Increasing speed of business, smaller opportunities for error and globalization require securities management to look to financial technology to control risks to the greatest extent possible.

By merging multiple disparate, but overlapping functions in one system, deal makers on both sides of a transaction have increased transparency, risk mitigation and business opportunity. A strong securities management system helps control both operational and market factors, promoting business security, reliability and profitability.

Today, financial technology for securities asset trade management is a must. Is your organization ready?

Contact SRI Infotech to learn more about how we can help you improve your financial trade operations today.