We made it possible through
Months of development
Reduced end-to-end processing time from
15Days to 3Days
Technologies we used
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.
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
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.
Difficult algorithms and logic.
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.
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.