Overview
Need to deploy additional teams during peak periods for processing for Full Liquidations of 1500+ Mutual fund accounts per month. The high volume of manual work exposed the firm to financial impact in case of errors.
The Client
A global provider of investment processing operations and platforms.
Our Solution delivered
- Faster total turn-around time for the end-to-end full liquidation process by up to 55%
- Reduction in operating cost by approx. 40% ensuring 100% adherence to SLAs
- 100% automation of dividend processing
- Manual effort reduced to interventions
Highlights: The Coforge Banking and Financial Services Practice
Wealth and Asset Management | Wholesale Banking | Consumer Lending | Cards and Payments | Trade Finance | Risk Management | Finance and Accounting
- Servicing over 200 Financial institutions
- 10 of the top 15 US private banks
- Over 100 asset managers
- 15 wealth management firms
- 6 broker-dealers
- 30 pension funds
- Over 15 years of Proven Experience in Servicing Capital Markets Firms
- Asset Under Management (AUM) supported: US$ 1.5 trillion+
- Financial advisors helped: 6,000+
- End customer supported: 1.5 million+
- Over 8,000 Person Years of Solution Delivery Experience
- 45+ software products supported
- 350+ releases per year
