In today’s financial scenario, large corporate clients prefer simpler structures and higher levels of transparency while regulators feel more comfortable with exposure in easily recognizable product lines. Large corporate banks need to re-calibrate to these new realities.
Our expertise and excellent delivery organization will not only help your organizations overcome it's near-term challenges but also position itself better in the long run.
The role of a corporate treasurer ranges from purely tactical functions, such as management of day-to-day liquidity to more strategic tasks such as enhancing return on equity and managing the cost of capital. From the fundamental responsibility of ensuring that the organization has the ability to meet its financial obligations and liabilities to the most advanced kinds of scenario analysis and simulations, access to quality information is vital to the corporate treasury function.
Most organizations face challenges arising from a multiplicity of legacy systems, leading to problems in integration and aggregation of data, data quality, and the need for reconciliation. It is also necessary to manage the data in a manner that is compatible with risk and capital models, some of which may be externally sourced. This increases the need for an end-to-end system that provides timely, accurate, and complete solutions to these challenges.
At Mphasis, we help our banking clients provide corporate customers with the ability to manage and assess liquidity positions on a near real-time basis. Our solutions allow global corporates manage their multi-currency cash flows from a single interface and provide for interest- efficient deployment of cash resources. We engineered the first of its kind liquidity management analytics solution for the corporate treasurer.
The key to sales efficiency is in the management of metrics. Whether it is the acquisition of new clients, retention of existing clients, or increasing wallet share, every sales organization needs high-quality metrics.
The process starts with vision and strategy and then identifying suitable measures and parameters, which will help track progress against benchmarks that align with the stated vision and strategy.
Managing the sales pipeline and the campaign process involves identifying the most relevant metrics, ensuring they are accurately tracked, distributing them to relevant stakeholders in a timely manner, and analyzing them effectively. Mphasis provides cutting-edge technology solutions to capture deal and pipeline information in real-time and a robust workflow that tracks and enhances the deal pursuit process. We also enable the Front office to manage their pursuits by integrating multiple sales processes in a single, customizable workflow solution that seamlessly integrates with enterprise resources like mails and calendar. We have delivered robust pipeline and campaign management solutions for leading global banks.
In a highly interconnected and increasingly globalized world, international trade is vital. Yet, it is fraught with many risks related to extremely complex documentation, multiple restrictions and sanctions, the possibilities for fraud and crime, and, most critically, the need to manage all these risks with limited resources.
The key to efficiency lies in increased digitization of the many paper-based processes that are currently in force. Optical character recognition and machine learning become essential for organizations that seek a competitive advantage. Artificial intelligence can speed up the process in a variety of areas.
Mphasis provides end-to-end AI-led process transformation in trade finance. Our solutions can fully automate the document verification process and validation of letters of credit in line with the Uniform Customs and Practice for Documentary Credits (UCP) 600 guidelines, authorize payment and perform (anti-money laundering) AML checks on such payments authorized, thereby minimizing human intervention and the possibility of costly errors. We devised AI-driven robotics solutions for trade transactions – covering discounting and payment functions.
Banks face challenges emerging from an ever-increasing set of regulations, increased regulatory scrutiny, and fierce competition leading to compressed spreads and, despite all this, the need to acquire and retain the best clients.
Therefore, the very first stage of the client relationship, which is onboarding, assumes critical importance and becomes the center of attention for increased efficiency and productivity. It is also vital to meet all the onboarding requirements and yet minimize the number of requests for information made to a customer, which becomes a differentiating factor in cases of clients dealing in multiple products with the bank.
Mphasis provides a comprehensive workflow solution that assures a streamlined onboarding process, is able to access data from multiple silos, meets all regulatory requirements and facilitates transparent and efficient on-boarding of corporate customers. We devised AI-driven robotics solutions for trade transactions—covering discounting and payment functions.
Corporate payments constitute a substantial portion of the transactional activities of most banks. As is the case with all other products and services, payments too have become an area of intense competition and compressed spreads.
There are significant benefits and synergies to be gained by centralizing and standardizing the payment workflow. In addition to becoming better able to prevent fraud, banks can reduce costs, enhance efficiency, and also gain the ability to observe and analyze trends in transactional flows leading to better formulation of business strategy.
The capability to handle multiple payment types—such as Society for Worldwide Interbank Financial Telecommunication (SWIFT), Single Euro Payments Area (SEPA), Automated Clearing House (ACH), and many others—and also gain operational efficiency through effective and automated reconciliation are key goals for all banks. Mphasis payments solutions work with leading banks across the globe to bring about the latest technologies to develop and manage award-winning corporate payment solutions. We have been at the forefront of mobile and contactless payment technologies, providing our clients with secure and ubiquitous payment solutions to stay ahead of competition. We introduced an extensive user experience in Society for Worldwide Interbank Financial Telecommunication (SWIFT), Single Euro Payments Area (SEPA), Faster Payments, and Payment Services Directive II (PSD II) with leading global banks.
One of the most time-consuming parts of the credit process is due diligence. There are many, and often complicated, steps involved in assessing an obligor’s ability to repay. Given the increasing amount of credit-related information online, it is possible for machines to make more efficient and swifter decisions in credit underwriting than humans.
Artificial intelligence systems can be programmed to learn decision-making processes and also apply human-like judgment to future decisions. Each organization has the flexibility to design its own processes in a manner consistent with its business strategy and risk appetite. Machine learning provides significant opportunities to achieve economies of scale and synergies across products and lines of business while, at the same time, enabling decision making that involves assessment of multiple data points that may not be feasible for human underwriters, not only in making the decision to grant credit but also in pricing it.
At Mphasis we have developed an AI-driven credit origination system that completely automates the credit appraisal process. The application uses industry standard OCR tools to convert financial statements into machine-readable format and extracts key information from such statements. The tool uses natural language processing capabilities and an extensive accounting business logic to extract the correct information and thereafter generates key ratios required for credit analysis, only leaving the job of credit recommendation and decision to relationship and credit teams. The tool allows for full integration with core lending systems, CRM and Enterprise resources, such as document management systems, mails, and calendars. We enable automated credit origination using artificial intelligence and machine learning concepts in financial spreading.
Integration and global roll out of core systems is a complex and extensive task whose success depends on the effective coordination of multiple functions across diverse geographies and efficiently managing financial and human resources. At Mphasis, we specialize in Systems Integration and global rollouts of core banking and commercial lending systems
Our program manages rollouts starting with a plan that defines the roadmap, does gap analysis and requirements engineering, defines high- and low-level architecture for the future state, designates user roles, conducts integration and testing, and finally manages the deployment and post-implementation performance monitoring.
The entire process is provided with a robust and overarching governance model and strong project management covering all the steps from planning, design of dashboards and tracking mechanisms, management of issues and risks, implementing suitable change-control mechanisms, and maintaining thorough documentation. We successfully integrated and devised a global rollout of core systems like Misys Loan IQ, Fidelity Advanced Commercial Banking System (ACBS), Temenos T24, and Oracle Flexcube.
Banks need to balance the risks that are necessary to create value with their management for the preservation of value. Balancing risk and reward is crucial in all aspects of risk management, and particularly in the case of credit risk which, for most banks, is the most significant risk they undertake.
Starting with the governance process, formulation of business strategy, determination of risk appetite and ensuring adequacy of capital, a holistic credit risk management process involves policy formulation; risk origination; risk approval, measurement and monitoring; portfolio management; ongoing risk management and remediation; and reporting.
At Mphasis, we have helped our clients develop complex credit and counterparty risk management applications. These help our clients accurately manage exposures across entities and group levels in real-time, considering collateral placed against these exposures in the form of a variety of liquid and OTC/structured assets. We have established a holistic credit risk management system allowing group-level management of risk and collateral with refined analytics.
In most large and diversified organizations, there is a need to aggregate exposures across different products and lines of business. There may also be actions to manage risks at a portfolio level through securitization or asset sales as well as through the trading of credit derivatives. In addition, collateral management becomes critical and requires real-time information on collateral inflows and outflows, as well as linkages to market sources for valuation. Our holistic approach that takes all these aspects into consideration for the purpose of integration and aggregation acts as a key pillar in effective credit risk management.
OUR SERVICES ACROSS THE VALUE CHAIN