Drive efficiency across the spectrum of your investment operations

Capital Markets, Investment Banking, and Investment Management firms are facing fundamental changes due to significant cost pressures, digital transformation, and an uncertain and changing market landscape. To take advantage of this disruption, businesses need to adopt technology-based strategies that strengthen all facets of their operations. For Capital Markets firms, automation is key to driving efficiency across the full spectrum of securities operations. Additionally, a focus on front office and faster client-onboarding processes are essential to providing a competitive customer experience.  Other key operations that firms have the opportunity to enhance include STP efficiencies, collateral management, regulatory compliance, and capital adequacy operations for margin demands and market risk. Led by our deep domain expertise, Virtusa has over 25 years of experience providing top-quality services and solutions for across the capital markets value chain.

Key Solutions

Application Rationalization and Simplification

Reduce cost of operations and technical debt

Application Rationalization and Simplification

Steadily declining revenues, regulatory restrictions, encroaching competition and low ROE are compelling capital markets firms to undergo a structural transformation. Virtusa application rationalization and simplification approach helps you – prioritize application investments by measuring the value they deliver as well as identify overlapping functionalities, unused applications and bottlenecks across systems. Our end-to-end services span: identifying assets, defining the target application portfolio, defining the rationalization roadmap, aligning ongoing business processes and transforming the application portfolio.

Our value proposition:

  1. Extensive capital markets knowledge gained through 19+ years of experience in Front, Middle and Back office leading to complete understanding of the application landscape
  2. Framework led rationalization of entire application estate and data integration points reducing overlapped functionalities and data redundancy
  3. 20% reduction in technical debt Y-O-Y due to simplified application landscape
  4. significant reduction in CAPEX and OPEX costs
  5. Help in focusing towards more critical and strategic programs

Virtusa is enabling a leading European bank to achieve greater cost efficiency and operational excellence by rationalizing 40% of the IT applications estate over a 3-year timeframe.

Reference & Market Data Management

Simplify data access and improve business agility with a single version of truth

Reference & Market Data Management

Market Data pulsates through every system and its timely, accurate and reliable availability is the key to drive business across global markets. The multitude of data sources, significant licensing costs, increasing regulatory mandates and evolving disruptive technologies have compelled financial institutions to redefine their data strategy. Virtusa has been evolving its centralized data platform approach with a focus on cost optimized future ready data services that address issues of latency, data quality, data duplication, change management and data governance.

Our value proposition:
1. Virtusa ready Reference Data Framework approach accelerates implementation of RDM strategy for financial institutions.
2. Compress effort and reduce costs in Market Data systems with reusable data model and utilities
3. Streamline data availability across front-to-back systems from single golden source using COTs product or bespoke systems
4. Engineer low latency solutions that address volume and complexity of data requirements across various asset classes.
Virtusa enabled a leading investment bank to build a micro services enabled unified data management system for reference and market data that improved data quality, availability and reduced cost of data acquisition.

COTS Product Implementation

Accelerated implementation and support through COTs product lifecycle

COTS Product Implementation

Financial institutions have invested in proven third-party market products like Misys Summit, Murex, Calypso, GMI/Clear Vision, Wall Street Systems etc for front-to-back operations. These implementations need configurations, customizations, integration with upstream/downstream systems, enhancements and version upgrades, decommissioning, migration and maintenance. Virtusa offers end-to-end product implementation and support through every stage of product lifecycle accelerated with reusable assets leading to reduced time to market and better ROI. We provide services in Consulting, Implementation, Version Upgrade and Consolidation, Development & Integration, QA and Testing, Production Support and Training and Resourcing support in these niche products.

Our value proposition:

  1. An established Center of Excellence, partnership with product vendor and training academy in COTs product.
  2. Robust training and knowledge management program that includes candidate evaluation
  3. Tools and accelerators such as implementation methodology, questionnaire, upgrade checklist
  4. Repository of business scenarios and test cases resulted from testing done over the years
  5. Test automation framework with customizable scripts for testing of trades and life-cycle events using QTP and Java
  6. Customer specific process framework

Virtusa has helped a European bank in customization, integration & enhancement and upgrade services across 3 different versions of Summit.

Relationship Manager Dashboard

Enabling faster customer acquisition and better customer service

Relationship Manager Dashboard

With significant competitive pressures and ever demanding customers, it is imperative for relationship managers to have a bird’s eye view of the customer as well as their portfolio allocations and performance by asset class. The Virtusa relationship manager dashboard provides easy access to customer data, and has built-in analytics to gain deeper insights on the customers preferences. The dash boards provide data on Customer product preference by age group, list of top customers with AUM, Client wise available cash, clients making large investments and redemptions to help generate business from existing clients.

Our value proposition:
1. Enables the Relationship Manager cross sell / upsell there by generate additional AUM by 20%
2. Built in Suitability framework simplifies product selection thereby facilitates Regulatory compliance
3. Dash boards on team activity, performance, AUM statistics facilitate effective team management resulting in increase in team performance by 10%

As a case in point, Virtusa is building a banker’s portal and re-engineering the Relationship Manager platform for a large private bank.