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Case Study

Software that encounters 100+ reports from all the other systems present in the bank

We made it possible through

03

Team Members

05

Months of development

Reduced end-to-end processing time from

15Days to 3Days

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ExtJS
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Java Hibernate
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SQL Studio

Technologies we used

Overview

Risk Analytics is one of the Bank’s platforms for assessing, identifying, and measuring the likelihood of various risk exposures through data calculation from different sources and ways of mitigating those financial risks or hazards faced by the bank.

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About the client

Largest private sector bank that offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. They also focus on corporate lending, trade finance, syndication, investment banking and liability businesses.

Understanding the Challenges

01

The data from the different sources were difficult to read and interpret. The challenge faced by the bank was to manually perform calculations on the received data and compile them into a report.

02

Difficult algorithms and logic.

03

Manual intervention created a lot of errors in the reports because of which bank was facing a big challenge to obtain the correct reports

How SynoFS solved it

  • SynoFS team has provided the L3 support to develop reporting software, through a proper system, where the existing users and the Business team provided us the list of issues and enhancements.

  • The team proactively takes up all the enhancements and support which helped the Client to keep their system up to date according to the amendments in RBI guidelines.

  • SynoFS team handled six enhancements with timely delivery within a period of a year.

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  • SynoFS Team of product managers and developers acquired domain knowledge in risk analytics and management.

  • After the project implementation, we automated the fetching of data from sources and its calculation.

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With SynoFS, Digitize your Banking Processes

Provided the best digital solutions to more than 10+ clients including banks and other financial institutions

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