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40% cost reduction
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500+ market indicator time series data pulled from source providers
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One centralised repository accessible through APIs
CLIENT PROFILE AND CHALLENGES
- Top 15 US commercial bank with a well-diversified loan portfolio
- Key challenges were:
- Slower market response time
- Inadequate client-facing time for portfolio managers
- Increasing regulatory pressure
- Difficulty to retain onshore talent
- High cost of function
OUR APPROACH
- Set up a pyramid-based offshore team in line with the complexity of work
- Compiled a well-structured training and rollout plan
- Set a target to deliver urgent spreads/quotes within 24 hours, complete all reviews within regulatory deadlines and produce high-quality output
- Provided support in standardising review templates, new money transactions, reviews for portfolio purchase transactions, UAT for new risk rating platform and responses to regulatory queries
- Achieved an overall productivity improvement of 10-15% across support functions
IMPACT DELIVERED
- Acuity Knowledge Partners conducted a detailed white-boarding session to scope out support levels and complexity
- Achieved 40% cost reduction by deploying highly skilled technology and quants subject-matter experts
- Third-party API integration facilitated 500+ market indicator time series data pulled from source providers
- Stored firm-wide scenario definitions in one centralised repository exposed through APIs
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