-
Automated 100% of the report generation process
-
Reduced cost of ca. 40%
-
Ensured 100% elimination of vulnerabilities
CLIENT
- Chairman and Chief Risk Officer of a global data consortium of 20 development banks
- Key challenges were:
- Data quality, accuracy and availability
- Data redundancies
- Lack of adherence to SLAs
OUR APPROACH
- Deployed a team of experienced technology subject matter experts to help manage a credit risk database (i.e. probability of default [PD], recovery rate and migration metrics) of more than 10,000 counterparties and 25,000 contracts through a four-stage approach
- Stage 1 - Hosting: A dedicated server hosting governed by Acuity Knowledge Partners’ (Acuity) security, disaster recovery and contingency protocols within Acuity-affiliated data centers
- Stage 2 – Maintenance and support: Provided assistance on maintenance and enhancement of the application and database in addition to addressing business queries
- Stage 3 – Enhancement: Leveraged Acuity’s experience in managing consortiums to add value while taking over the data management and enhancement
- Stage 4 – Data Verification and reporting: Implemented two-factor authentication with data anonymisation and automated the annual report-generation process (rule-based automation) with minimal maintenance
IMPACT DELIVERED
- Ensured 100% automation in the annual report-generation process with minimal maintenance
- Reduced cost by ca. 40% in TOM by establishing an off-shore dedicated team of experts
- Ensured 100% elimination of vulnerabilities by developing a robust, secure and user-friendly application
Thank you for sharing your details
Your file will start downloading automatically
If it does not download within 1 minute,
Share this on
