About the Customer
Client is a leading financial services company headquartered in
Switzerland. Bank is involved
in virtually all major financial activities, including retail and
commercial banking, investment
banking, investment management, and wealth management. It shares a major
responsibility
in the Compliance, Regulatory and Governance space to achieve bank’s
strategic objectives
to monitor the growing regulatory and compliance environment.
What we did
Bank had chosen Genflip to strengthen their compliance space to
add/create the
customized alerting packages to capture the regulatory and employee
violations. This
includes:
- Creating a generic Informatica ETL framework to onboard multiple data sources with mere static entries.
- Generating a customized alerting model where rules can be configured without any change request.
- User friendly customized case management which can help the compliance officers to take the actions without any delay.
- Channelizing the data sourcing using a generic framework
- Adhoc report generation using DART.
- Customizing the alerting logic to help onboarding
- Consolidated alert generation using various factors and subfactors
Impact
- Simplified and generic data sourcing from multiple upstream
- Reduction in development efforts by creating generic framework
- Easy tracking and monitoring of alerts by compliance officers.
- Enabled the compliance officers to create Adhoc reports.
- Remediation of risks compliance areas and ensured they are sustainably addressed.
- Helped to comply with new regulatory regulations.