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Banking Industry Solutions

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Business Challenges

Today, Banks want to enhance the existing credit processing systems for corporate customers with additional features such as,

  • Comply with Basel II business requirements
  • Make the risk rating process transparent and replicable.
  • Document the methodology
  • Separately track overrides for analysis.
  • Assign Borrower rating on an ongoing basis for each borrower/Guarantor
  • Monitor abnormalities in risk ratings
  • Generate reports on risk rating migrations

Apart from the above functional challenge, the existing application systems are lacking in following technical points,

  • The application source code is hardly compliant to latest industry standards and architecture
  • Absence of modular based programming coupled with a complex architecture and poor coding standard resulting in a difficult to maintain system
  • Significant dent in end user confidence due to the stability of the application and more number of production defects
  • Significant cost complicating the budget woes.