Strategic Solutions for Governance,
Risk and Compliance

Enterprises today are facing challenges in terms of effective governance and risk management options that don't involve compromising on industry compliance standards. We help you in overcoming these challenges and provide solutions to identify and effectively manage both, risks and compliance violations.

Cost Basis Compliance

With varied experience of more than half a decade in the domain, we at Mphasis help our financial institutional clients assess technology and operational changes that are required to comply with cost basis legislation. The changes cover a broad spectrum of technology applications and business processes across front, middle and back office functions.

Our solutions are one of the best in the market because of our integrated capability and a pool of skilled resources with experience across a variety of platforms such as Eagle, Gainskeeper and Scivantage Maxit.

Our Alliance with Scivantage

Our strategic association with Scivantage has helped synergize our comprehensive experience in cost basis operations and Scivantage's state-of-the-art cost basis platform- Maxit, to offer a seamless delivery model in a cost effective manner. The services we offer through the Scivantage integrated platform include:

  • Implementation and operational support
  • Take over cost basis services
  • Customization and support services around the core product
  • Back office services
  • Handling upcoming compliance regulations
  • Augment additional services
  • BPO offerings

The Mphasis Advantage

We at Mphasis believe in evolving ourselves and designing comprehensive solutions. Our expertise covers processes and applications.


  • Research cost basis information
  • Edit cost basis information
  • Select lot vs. purchase
  • Reconcile cost basis information
  • Recalculating cost


  • Portfolio accounting system
  • Client reporting
  • Account transfers (ACATS/CBRS)
  • Tax services (TurboTax, CCH)
  • Customer and account data
  • Reconciliation engine
  • Trades
  • Balances and positions
  • Securities master

Other Offerings

Our domain consultants work with the client's team to chart out the journey to achieve compliance by reducing the client' organization's running cost. Below is the assessment summary and engagement model that can be used to:

  • Understand the key impact areas that are part of the client's business portfolio and project management processes
  • Identify the key impact areas that need to be fully embedded within the organization for achieving the next maturity level in complying with regulations
  • Understand and improve the capability of these key impact areas to manage compliance regulations more effectively
  • Appreciate the risks acquired through process capability issues associated with a particular service provider by managing their programs and projects

Anti Money Laundering

Regulatory requirements make it mandatory for banks and other financial institutions to prevent and report any money laundering activities. Banks have to perform a due diligence of their customers to ensure that the use, source and destination of funds do not involve any kind of money laundering. We at Mphasis have designed a solution - anti money laundering (AML) - to help you deal with this situation. Our solution enables a smoother business process by tracking suspicious transactions.

Solutions Offered

  • ADM of the client information batch filtering module
  • Managed Services for Box-1 (Incident management) and Box2 (Problem and Change management) support for the suite of applications within legal and compliance group functions
  • An end-to-end support model comprising helpdesk (24*7), application Support (2nd line), server and sec-admin support

The Mphasis Advantage

Our expertise and profile makes us a choice to reckon with. Some of our key strengths are:

  • Large global team with onshore subject matter experts and a service delivery manager to ensure proper business communication
  • Dedicated offshore support team which has been supporting a business giant from January 2005 and is now leveraged for mostly all the applications under legal and compliance
  • Capability to develop the global incident analysis tool (GIAT) to ensure global reporting of all incidents, problems and changes for all supported applications, with minimal efforts

Below are the additional benefits:

  • Implementation of stringent AML regulations
  • Design of the global reporting tool for automated reporting
  • Improved data quality and format
  • Ability to perform trend analysis to identify major issues

Financial Risk

We provide maintenance and support activities for FLEXCUBE®, Reveleus and Postilion application to curb financial risks that may create a knock-on effect while doing business. We offer customer centric solutions and customize application parameters and interfaces without changing the base code of products.

Solutions Offered

Our application management services for FLEXCUBE®, Postilion and Reveleus include:

  • 24/7 production support and maintenance
  • Immediate response to ad hoc inquiries regarding application functionality and technical support

The Mphasis Advantage

Our expertise in Oracle, PL/SQL, Java, Web Services, XML, PL/SQL developer, SOA, .Net, SQL Server and Borland applications enables us to design an agile platform which will provide the following benefits:

  • A centralized process
  • Increased efficiency
  • A standardized business processes across the group
  • Reduced operating risk

Our production support covers three levels of implementation to get in-depth understanding of customer specific changes:

  • Level 1 - Service desk
  • Level 2 - Production support
  • Level 3 - Oracle support: Patches/Version releases