Our team was asked to deliver a comprehensive solution for a major Singaporean Bank which would aggregate and integrate feeds into a single interface for processing and reporting
Our team designed and implemented a solution to help our client integrate their systems for the fixed income instruments with STP feeds from other internal and external systems which enabled automation in the following areas:
- Signing financial product application form
- Account Debiting
- Order entry in the financial product management system
- The team has also enhanced the existing flow to eliminate the need for additional reconciliations
We built this solution on the PEGA PRPC 7.1 platform with HTML, Angular and Java used for the customised interfacing. The first phase of the is being delivered over a period of 6 months.
This project is still in progress but the client has already seen a drastic increase in throughput (approximately 200%) with minimal functional errors reported.
Because of the reduction in human dependency, the client has also managed to reallocate human resources to other projects.