This top 10 Bank was facing large inefficiencies in its systems that supported foreign exchange, treasury and derivatives trading activities. The current system infrastructure included costly and inefficient manual processing, ineffective risk management capabilities and impeded the ability to grow the business. Specific issues included:
Current trading and operations processes feature manual steps that lead to STP rates that are lower than desired, increasing operational risk and impacting BASEL 2 compliance.
There is insufficient and inconsistent functionality for reporting of critical corporate information such as P&L, pipeline, and risk in an easily accessible and timely manner to senior and executive management
Systems and processes are not optimized for managing and reducing credit risk; consolidated customer credit limits are not available in real-time across channels.
[...] management systems are ineffective across lines of business and inter-office groups PRICING is inhibited [...]
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