When markets are bouyant and prosperous, the pace of business processing within Investment Banks is significant. There is little window for error and yet it is here, where the diversity of systems deployed to process trades is rife. Even insecure and untested spreadsheets are used to process trades often with errors or unvalidated data, costing millions of dollars.
Automated workflow can play a significant part towards reducing errors, increased productivity and profitability, within a "safe" environment.
Workflow solution address the following-
- New client take-on process.
- Know Your Client (KYC)
- Client classification
- Legislative and governance compliant operations
- Cross-sell opportunity management
- Operational Risk Management
Business rules and decision management addresses the following-
- Client name and address validation (database integrity)
- Compliance policy enforcement
- Fraud detection
- Rogue trade detection
- Money laundering detection
- Compliance reporting
