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A Nous Case-Study - Enhanced Fund Processing Efficiency

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A Nous Case-Study - Enhanced Fund Processing Efficiency

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  1. Case Study NOUS INFOSYSTEMS CMMi Level 5 SVC+SSD v1.3 ISO 9001:2008 ISO/IEC 27001:2013 L E V E R A G I N G I N T E L L E C T Enhanced Fund Processing Efficiency

  2. NOUS INFOSYSTEMS THE CLIENT The customer is a leading privately held financial institution bank in the United States, with expertise in private banking, investment management and investor services for almost 200 years. The bank operates across North America, Europe and Asia in more than 16 locations. CMMi Level 5 SVC+SSD v1.3 ISO 9001:2008 ISO/IEC 27001:2013 • On close and roll day, the close out trades were closed out and allowed the user to cancel the roll over trades if close and roll process was not already completed L E V E R A G I N G I N T E L L E C T BENEFITS • The customer currently does not depend on the FX legacy system •The system has become flexible where in the user can cancel the generated roll over trades and re-generate it • Improved performance in fund processing from 7 min to 1.5 min CHALLENGE • The client’s existing hedging application system was getting the close out and roll over trades from Foreign Exchange legacy system instead of generating within the existing application •The application was not flexible as the system did not allow modifications REQUIREMENT The existing Foreign Exchange legacy system was being phased out and required the inclusion of the close out and roll over trades within the hedge trading application. NOUS SOLUTION Nous Infosystems took up the challenge of changing the existing web application to address their current business requirements Domain – Banking • Roll over trades generated on close and roll of the first business day were sent to FX desk through the FTP on a scheduled time on the second day • The close out and roll over trades were received from the FX desk post sending the roll over trades through FTP which Java scheduler picks up at a polled time and inserts into Hedge application Platform – Web Application Technologies – Core Java, J2EE, Oracle 11g Copyright© Nous Infosystems. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without written permission by Nous Infosystems. All other trademarks mentioned herein are the property of their respective owners. CONTACT US New Jersey, USA Tel: +1 732 985 9533 Brentford, UK Tel: +44 208 587 1411 Toronto, Canada Tel: +1 905 402 9943 Mainz, Germany Tel: +49 6131 28910 31 For more informtion, Please visit - www.nousinfosystems.com or mail us at info@nousinfo.com Sharjah, UAE Tel: +971 526264954 Bangalore, India Tel: +91 80 41939400 Coimbatore, India Tel: +91 422 3058800

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