Financial Services Insight
Managing Regulatory Requirements
Insight: How Architecture delivered against the abundance of incoming regulatory requirements.
Service Oriented Architecture is the Technology of Choice when it comes to designing distributed data.
This has been the case with a global investment bank that used to run various Risk Systems across different regions having their own data stores and sets of Risk calculations.
Over time, this considerably drove TCO and limited the time-to-market for changes on a global scale as they have been increasingly mandated especially by regulatory-driven projects.
So it was a no-brainer to come up with a new service-oriented, high performing, distributed and memory-based data fabric to enable the consolidation of the mentioned universe of data stores into a single platform that provides a single harmonization and validation infrastructure.
At the heart, it supports multiple geographically distributed Risk calculations via open and uniform interfaces.
It significantly reduces both storage cost and cost and time-to-market for implementing the adaptions triggered by changes to Risk calculations or reporting.
The Bank can now introduce new risk calculations in parallel considerably faster than before, which significantly helps to deliver against the abundance of incoming regulatory requirements.
Further, its flexible and robust architecture facilitates and significantly shortens the time-to-market to add new business such as Aircraft Business.
New Risk Calculation, Data stores, Single validation infrastructure, Uniform Interfaces key to risk calculation in parallel.
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Architecture Ratings and awards for financial enterprises
Every year for the past 14 years, we have been holding Architecture Rating competitions and Awards Summits at Regional and Global Locations around the world. Many Fortune 100 companies have taken part in this program and benefited immensely. On-Site and Off-Site assessments of Project Architectures are carried out and Winners are presented with Awards at Regional and Global level.
Fast track architecture rating for financial solutions
This service offering consists of applying ICMG’s Architecture Assessment Framework to arrive at the Ratings for Project / Solution Architecture. A comprehensive Rating Report is presented with recommendations for improvements
workshop on digital architecture for financial enterprises
We conduct Architecture Workshops with a focus on BFSI case studies for Decision Makers, Architects, and Business Process Owners. You can attend a public session in /near your city.
This can be delivered in-house in a Custom Tailored Format
Discussion Forum- financial services
Forums provide an excellent opportunity for Industry Groups to raise Architecture related issues in a Peer environment and get Best Practice suggestions and also expert opinions from our Consultants.