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Banking Industry Solutions

Banking Industry Offerings

Banking Industry Solutions

The BASEL Committee is the primary global standard-setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. Its mandate is to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability.

“Basel III” is a comprehensive set of reform measures aiming to:

  • Improve the banking sector’s ability to absorb shocks arising from financial and economic stress
  • Improve risk management and governance
  • Strengthen banks’ transparency and disclosures.

Great efforts are made to strengthen the financial sector and make banks and other financial institutions more resilient in the event of unexpected stress. These reforms mainly concentrate on regulatory capital, liquidity and leverage. We do hope that the future crisis will not lead to Governments spending billions of dollars of taxpayer’s money saving the banking system. Large and internationally active banks that comply with these mandatory BASEL norms need to constantly improve their internal risk management systems. They do this by continuous monitoring and effectively exploiting the latest in information technology on an ongoing basis to excel in their performance. Several large financial institutions, including leading North American banks, choose Kumaran Systems as their strategic technology partner to design, develop, and support their critical applications.

Business Challenges

Banking IT Challenges

Many banks are planning to implement BASEL III, either voluntarily or due to mandatory regulations. You may be facing these challenges in case your institution still relies on traditional methods of running business:

  • Real-time business environments are continuously evolving in a fast-growing global marketplace.
  • Regulatory requirements are getting more stringent by the day.
  • Volatility of earnings needs to be limited and shareholder value enhanced.
  • Even though loss events are monitored, loss data is not always updated in a loss database.
  • Business data is not consistently captured or entered into the database; neither is the data accessible across the organization.
  • Most systems fail to identify deterioration in credit quality on time.
  • Multiple asset classes and diversified industries prompt for development of independent risk rating methodologies.
  • Maintenance of existing standalone legacy systems is expensive and consolidation of available data into useful information is time-consuming.
  • Need to introduce Liquidity Risk Measurement Practices

Domain Competencies

Governance, Risk And Compliance (Grc)

Governance, Risk and Compliance (GRC)

  • Credit Risk Management- Borrower Level and Portfolio Level Risk Rating, Credit Scoring, Risk Data Warehouse and Reports
  • Market Risk Management- Market Data, Production Data, Risk Measurement, Trading and Pre-Deal Simulation Systems and Reports
  • Operational Risk Management- Loan Loss Data Capture and Reporting Solutions
  • Capital Simulation and Review Systems
  • Basel II/III Compliance Systems
Wholesale Banking

Wholesale Banking

  • Credit Management Systems for SME and Corporate Sector - Commercial Lending, Monitoring and Loan Loss Management
  • Maintenance of Equity Research website and other Research applications, Intranet portal for establishing collaboration between work groups like research, sales and front office traders.
Wealth Management

Wealth Management

  • Financial Advisory Services, Retirement Pension Plan and Children's Education Savings Plan
  • Business Intelligence Reports
Investment Banking

Investment Banking

  • Capital Markets - Custody Services
  • Cash Management Application-Straight Through Processing, SWIFT Implementation
  • Structured Products

More than a Decade of Delivering Continual Value

We assure you these technological benefits that allow you to surge ahead of competition:
  • banking industry solutions

    Quick Delivery

    With the domain expertise that Kumaran has, we have delivered regulatory applications to our clientele in less than five weeks. The use of re-usable code components has resulted in a significant 20% decrease in development time.
  • Assured Cost Saves

    Assured Cost Saves

    On an average, any of Kumaran's client banks saves around 40% of costs for each application developed and maintained by us. We also assure you of revenue recognition based on project milestone activity. We provide you fixed cost projects; that enables you to manage your budgets more efficiently. For example, a leading North American bank saved 5 Million CAD in a single year for their Risk Management division alone.
  • Stringent Service Level Agreements

    Stringent Service Level Agreements

    Kumaran ensures that any project starts with stringent Service Level Agreements (SLAs) to ensure the quality of our services. We have recorded multiple instances of where the application has crossed the UAT life cycle with zero defects. Plus we promise you our promptness served on our unique Global Delivery Model, which is a highly flexible engagement model.
  • Domain Knowledge Repository

    Domain Knowledge Repository

    Kumaran's rich domain knowledge repository eliminates the risks associated with excess dependency on new resources.
  • Automation Testing Service

    Automation Testing

    Integrated services using Kumaran Automation Framework with other automation tools such as MS VSTS – MTM, – HP ALM – QTP, Work soft Certify, and Selenium.
  • Improved Productivity

    Improved Productivity

    We assure you increased productivity by helping the end users in decreasing the applications processing time by more than 50%. This gives a significant boost to end-users' confidence.
  • On-Demand Resources

    On-Demand Resources

    We can furnish your establishment with well-trained staff who possess sound domain knowledge.
  • 30-Day Warranty Support

    30-Day Warranty Support

    We assure you of a 30-day warranty support once the application goes live in production.

Business Benefits

Business Benefits As your strategic business partner, Kumaran delivers these assured business benefits:
  • Improved performance management
  • Strategic value creation by improved selection of clients
  • Pricing of products according to risk profile
  • Maximized returns through optimized allocation of economic capital
  • Greater levels of compliance and protection against loss of reputation
  • Elimination of unwanted exposures
  • Accurate estimation of loan losses; loss reduction owing to study of correlations
  • Better investment opportunities and scenario analyses that help with more accurate decision-making

IT Offerings to BFS Clients

  • Application Development
  • Application Re-engineering
  • Modernization
  • Migration Solutions
  • Technology Architecting / Consulting
  • Data Warehousing, Business Intelligence and Reporting Services
  • Independent Testing Services
  • Framework based Automation Testing
  • Application Maintenance Solutions & Production Support (24x7)
  • Outsourced Product Development- Global Delivery Model
  • Domain Consulting
  • Applications Consolidation
  • Post Merger Integration
  • Resource Augmentation



Nesbitt Burns Inc, Toronto, Canada

Providian Financials, US

Citibank, US

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