njtc workshop on financial services technology and application development presentation
DESCRIPTION
Presentation on work conducted within the financial services industry...as presented at the New Jersey Technology Council Financial Services Workgroups on September 28, 2010 at Lowenstein Sandler PC in Roseland, NJ and October 7, 2010 at the Luxembourg Consulate General in New York, NY.TRANSCRIPT
![Page 1: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/1.jpg)
About Us
72 Summit Ave
Montvale, New Jersey
Phone : (201) 802 9800
http://www.datainc.biz
Financial Services Technology Workshop
![Page 2: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/2.jpg)
Over 25 years experience delivering:
About DATA Inc.
Global Delivery Model Cost
Scalability Expertise
Customer Service
- Staff Augmentation - Software Solutions - Products
![Page 3: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/3.jpg)
Proven Global Delivery Model
• Staff Augmentation– Providing contingent resources (technology) in :
• USA • UK• Switzerland• India
• Software Solutions – Project work delivered locally or globally (hybrid) in:
• USA• UK• India
![Page 4: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/4.jpg)
Globally Distributed
Working together across the globe to deliver theright mix of resources, control and effectiveness.
![Page 5: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/5.jpg)
Recognition
• Featured in leading industry publications
• Speakers at top industry events
• Awarded the highest partner and industry honors
![Page 6: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/6.jpg)
Some Achievements
• Presented with the Merrill Lynch Global Sourcing and Procurement Services 2005 Preferred IT “T&M Vendor of the Year” Award– Preferred Vendor since 1989
• One of the two vendors selected, after vendor consolidation, to provide T&M services Globally to Union Bank of Switzerland (2009)– Preferred Vendor since 1990
• One of the two vendors selected, after vendor consolidation, to provide T&M services Globally to The Depository Trust and Clearing Corporation (2009)– Preferred Vendor since 1984
• Declared as a top-ranked vendor at Goldman Sachs (2007 – 2008)– Preferred Vendor since 1996
• Declared as a top-ranked vendor at United Parcel Service (2006 - 2008)– Preferred Vendor since 1995
![Page 7: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/7.jpg)
Some of our clientsPartial List of our clients
![Page 8: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/8.jpg)
Partial list of UK and India Clients
• Merrill Lynch • Goldman Sachs • UBS • Standard Bank• Accenture • IBM • Indian Army• Indian Navy• Perot • Sapient • Logica• Tech-Mahindra
![Page 9: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/9.jpg)
Case Studies
72 Summit Ave
Montvale, New Jersey
Phone : (201) 802 9800
http://www.datainc.biz
![Page 10: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/10.jpg)
Client Briefing Tool
Financial Advisors (FAs) made regular PowerPoint presentations to high net worth clients, detailing the
performance of their managed portfolios.
The Case
![Page 11: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/11.jpg)
Client Briefing Tool
• Cumbersome Data Gathering – Not easily accessible by FAs– Disparate data sources and systems
• Excessive Preparation Time– Average time was 24 hrs to create
• Inconsistent Look and Feel – Influenced by individual style of the FA– Posed compliance risks and branding issues
Challenges
![Page 12: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/12.jpg)
• Quality Assurance Issues– Inconsistencies introduced by the manual process
• Lack of Efficiency– Additional effort required to correct inconsistencies – Lack of re-usability of templates and presentations
Challenges (cont.)
Client Briefing Tool
![Page 13: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/13.jpg)
The solution consisted of a single point interface to gather client portfolio data from
multiple data sources to generate a consolidated PowerPoint presentation with
embedded graphs.
Client Briefing Tool - Solution
![Page 14: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/14.jpg)
Client Briefing Tool - Solution
![Page 15: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/15.jpg)
Client Briefing Tool
• Shielded FAs from the need to access multiple applications on diverse platforms to collect information.
• Consistent look-and-feel for all presentations.
• Central repository for all presentations.
• Addressed security issues of FAs accessing confidential information of restricted clients.
• Reduced turn around time to generate a presentation from 24 hours to between 3 and 5 minutes.
Benefits
![Page 16: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/16.jpg)
• Overall process to execute trades was not as reactive as required
• Inaccurate presentation of information from the legacy trading platform
• Disadvantage against other credit derivatives houses
Challenges
Credit Derivatives
![Page 17: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/17.jpg)
Credit Derivatives
• Worked with key personnel to develop a multi-client, post-trade electronic affirmation platform for credit derivatives trading• From scope out to delivery
• Enabled dealers to allege new trades against their customers• In turn, customers were able to verify economic trade
details and affirm and allocate trades electronically
Solution
![Page 18: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/18.jpg)
Credit Derivatives
• Improved process behind credit derivative trading settlements
• Limited risk
• Accelerated and automated the clearing process – Limits and reduces settlement time – less margin for
errors
Benefits
![Page 19: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/19.jpg)
Credit Derivatives
• Improved process behind credit derivative trading settlements
• Reduces risk
• Accelerated and automated the clearing process – Limits and reduces settlement time – less margin for
errors
Benefits
![Page 20: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/20.jpg)
The future of financial technology
• Cloud Computing– Not embraced but being used for testing
• Continued maintenance and re-engineering of legacy systems– Mainframes (COBOL, CICS, DB2)
• Mobile Technology– Use of tablet PC’s or iPad’s by FA’s and other end-
users
![Page 21: NJTC Workshop on Financial Services Technology and Application Development Presentation](https://reader036.vdocument.in/reader036/viewer/2022081602/54b4ab644a7959803d8b4583/html5/thumbnails/21.jpg)
© 2010 – DATA Inc.
Find this presentation on our SlideShare Accounthttp://www.slideshare.net/datainc
Visit our websitehttp://www.datainc.biz