Reference Data Practice. Data Solutions That Work

Transcription

1 Reference Data Practice Data Solutions That Work

2 The financial crisis has put pressure on banks and other financial institutions to tighten controls and better manage information assets. Regulatory changes have made it imperative for operations and technology executives to ensure that the highest quality of reference data possible is used to fuel their organisations decision-making and reporting functions. As the amount of data available to organizations grows exponentially, processing speed, timely delivery and the reliability of reference data solutions remain critical success factors. In addition, while operation and technology leaders are under constant pressure from management and front office to provide the highest quality service, CIO s expect further cost optimization. Engineering solutions that consist of the right mix of market data, technology platforms, operational capabilities and ITO/BPO vendors is a key challenge. Building the mastering platforms alone is not enough ensuring that data is synchronized across the entire organization can be an even bigger challenge. LUXOFT S EXPERTISE IN REFERENCE DATA Luxoft provides end-to-end data management solutions that give you the quality and reliability your business requires. Whether you are a global investment bank, a government agency, an asset manager or a research firm, our experts are at your service. We have over 400 IT engineers and analysts who have built solutions for some of the world s leading financial institutions. We can support you at every stage of your reference data initiative. The systems we`ve already engineered manage Legal Entity, Client, Instrument, Pricing, Account, Product and Books in profoundly demanding financial industry environments across the globe. Our Client Onboarding and Know Your Customer applications have thousands of users, regulations and rules from dozens of jurisdictions world-wide, millions of documents, and are used to onboard or modify the records of several thousand clients per month. 400 Experts Currently Develop and Support Reference Data Platforms Our Client Onboarding and Know Your Customer Applications 3000 Users 2500 Regulations and Rules 1 Million+ Document: are used to onboard or modify over 3000 clients per month Legal Entity Client Instrument Pricing Account Product Books 02

3 Our Offering IT SYSTEMS IMPLEMENTATION Luxoft s End-to-End Implementation of Custom Strategic Reference Data Systems includes: Complex Data Analysis, Data Flow & Clustering, Architecture & Design, and System Engineering. Turnkey solutions developed exclusively by Luxoft or platforms developed in partnership with in-house development teams. Recent deliveries included data sets such as: legal entity, instrument, book and client masters, as well as a reference data distribution systems. IT SYSTEMS MAINTENANCE AND OPERATIONS Maintenance and engineering support for existing in-house reference data systems. Luxoft provides a full range of experienced reference data technical staff at all levels of seniority. Luxoft currently maintains and provides engineering support for approximately 30 Reference Data applications across our client base. Data Operations Demonstrating commitment to the industry, Luxoft s R&D is currently investing in developing a combined offshore/onshore reference data operations capability to complement our systems expertise to offer full front-to-back data performance. 03

4 Luxoft Reference Data Coverage Map DATASET BUSINESS VALUE LEGAL ENTITY Required for regulatory reporting Required for counterparty/issuer risk management Critical component of CRM & marketing as well as product research Building block for client, account, instrument, pricing and corporate action sets CLIENT & OUTSORCING Critical component of Know Your Client and regulatory reporting Required for daily CRM and settlement activities Bridge between external legal entities and internal legal entities Required for client product/service entitlement & selection INSTRUMENT Required for virtually all financial institution functions: research, portfolio analysis, trading, pricing, settlement, risk management and regulatory reporting Time and quality sensitive Integrates with Legal Entity through Issuer and Corporate Actions BOOK Captures the internal book structure used by a financial institution Required for virtually all trading, settlement, risk management and financial reporting activities DATA DISTRIBUTION Required to achieve consistent and high data quality and availability throughout the firm Critical part of data master defragmentation Luxoft s role: Lead Developer responsible for architecture, development and maintenance. 04

5 Client Onboarding & KYC Business Case Regulatory requirements around Know Your Client have gradually tightened during the last decade. Key drivers were initially linked to US initiatives against money laundering and international boycotting of rogue states. Successive tightening of regulations have occured through initiatives such as Sarbanes-Oxley, the Patriot Act, Basel III, FATCA and LEI. Inadequate evidence and processes supporting the initial and continual identification of clients has become a felony in many jurisdictions. Know Your Client is also a valuable component of important functions such as credit risk management. Luxoft Capabilities Impeccable Track Record Luxoft has successfully implemented client onboarding solutions for global investment banks, operating in virtually all major markets, all under scrutiny from well over 100 regulatory agencies. TECHNOLOGY PARTNERS: Business Knowledge Luxoft has about 100 developers with up-to-date knowledge of client on-boarding business requirements, routinely implementing process and rule updates involving all major markets, transaction types, client types and global regulators. Integration Luxoft has wide experience integrating key business functions with Know Your Customer and Client Onboarding: Legal Entity, Product, Entitlements & Account Reference Data, Document Management, Trading, and Settlement & Risk Management. Luxoft is familiar with the full picture and understands the impact of Client Onboarding across the banking industry. Technology Luxoft operates with ease and expertise in most investment banking IT systems. Luxoft s technology partners for Client Onboarding include Pega, Fujitsu and IBM workflow engines, Documentum, IBM Enterprise Content Manager and Java. Flexibility Luxoft has proven experience both in taking over existing projects as well as greenfield development. Luxoft offers seamless offshore and onshore delivery models that successfully work across time zones and cultures in Europe, Eastern Europe, Asia, USA and the United Kingdom. Support Luxoft supports IP share and commercialization initiatives where competitive advantage is not a major factor. 05

6 Legal Entity Master Business Case Risk management enables holistic assessment of counterparty, supplier and issuer exposure, across all financial institution relationships to all elements of a given corporate hierarchy. Required for emerging regulatory reporting standards such as the US/G20 LEI initiative and Basel III. Provides additional marketing entry points, given current relationships to specific elements of a corporate hierarchy. Critical component of enterprise profitability and other MIS reporting. Luxoft Solution Advantages Business Case Proven Capability and Fast Time-To-Market Luxoft has developed and installed a leading-edge solution for a major global financial institution. A standard or customized commercial version of this solution can be delivered rapidly to other clients. Adaptability Our designs are highly modular and designed to handle worst-case scenarios such as multiple internal and external incoming data feeds, complex workflows and data quality rules, multiple user communities, and multiple outbound distribution engines. It can be adapted to the needs of any financial institution globally, regardless of size and business complexity. Low-Cost Maintenance Our current Reference Data engagements are typically more than 85% offshore ensuring competitive maintenance costs. Flexible Implementation Model Fully managed data service (priced by record) Lead Developer Development Partner Maintenance Luxoft will implement the solution in whichever mode you prefer. 06

7 LUXOFT WILL IMPLEMENT THE SOLUTION IN WHICHEVER MODE YOU PREFER. 07

8 About Luxoft Luxoft is a global IT service provider that engineers high-end business solutions. With deep domain expertise in finance, technology, telecom, automotive, travel & aviation, and energy industries Luxoft consistently goes beyond client s expectations bringing together technology, talent, innovation and the highest quality standards. Key Facts: Founded in 2000 in Moscow, Russia Headquarters in Switzerland Full subsidiary of IBS Group Operations in the US, UK, Germany, Switzerland, Romania, Poland, Vietnam, Singapore, Russia and Ukraine employees Luxoft Switzerland Zug Global Headquarters Bundesstrasse 5, 6300, Zug, Switzerland Tel: +(41) Luxoft USA 225 West 34th Street, Suite 1707 New York, NY Tel: + 1 (212)