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 dynamic market landscape. Businesses need to adopt technology-based strategies that strengthen all facets of their operations to take advantage of this disruption. For capital markets firms, automation is key to driving efficiency across the full spectrum of securities operations with a focus on front office and faster client-onboarding processes, which 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 your cost of operations and technical debt.

Application Rationalization and Simplification

Steadily declining revenues, regulatory restrictions, encroaching competition, and low ROE are driving capital markets firms to undergo a structural transformation. Virtusa’s application rationalization and simplification approach helps you to 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 across identifying assets, defining the target application portfolio, defining the rationalization roadmap, aligning ongoing business processes, and transforming the application portfolio.

What you’ll get:

  1. Extensive capital markets knowledge gained through 19+ years of experience in front, middle, and back office operations 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. Twenty percent reduction in technical debt Y-O-Y due to a simplified application landscape.
  4. Significant cost reductions in CAPEX and OPEX costs.
  5. Help in focusing on more critical and strategic programs.

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

Reference and Market Data Management

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

Reference and Market Data Management

Market data pulsates through every system and its timely, accurate, and reliable availability is the key to driving 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 evolved 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.

What you’ll get:

  1. A robust reference data framework (RDF) approach to accelerate the implementation of RDM strategy.
  2. Reusable data models and utilities that compress effort and reduce costs in market data systems.
  3. Streamlined data availability across front-to-back systems from a single source using COTs product or bespoke systems.
  4. Low latency solutions that address volume and complexity of data requirements across various asset classes.

Virtusa enabled a leading investment bank to build a microservices enabled unified data management system for reference and market data that improved data quality, availability, and reduced cost of data acquisition.

COTS Product Implementation

Accelerate 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, and Wall Street Systems to name a few for front-to-back operations. These implementations need configurations, customizations, integration with upstream/downstream systems, enhancements and version upgrades, decommissioning, and migration and maintenance. Virtusa offers end-to-end product implementation and support through every stage of your 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 and integration, quality assurance and testing, production support, and training and resourcing support for these niche products.

What you’ll get:

  1. An established center of excellence and partnership with product vendor and training academy in COTs product.
  2. Robust training and knowledge management that includes candidate evaluation.
  3. Tools and accelerators such as implementation methodology, questionnaire, and upgrade checklists.
  4. A repository of business scenarios and test cases backed by years of testing within the market.
  5. Test automation framework with customizable scripts for testing of trades and lifecycle events using QTP and Java.
  6. Customer specific process framework.

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

Relationship Manager Dashboard

Enable 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 with built-in analytics to gain more profound insights on your customers’ preferences. These dashboards provide data on customer product preference by age group, list of top customers with AUM, client wise available cash, and clients making significant investments and redemptions to help generate business from existing clients.

What you’ll get:

  1. Generate additional AUM by 20 percent from cross-selling and upselling efforts.
  2. Simplify product selection and reinforce regulatory compliance with a built-in suitability framework.
  3. Increase team performance by 10 percent using dashboards to report team activity, performance, and AUM statistics.

Virtusa is building a banker’s portal and re-engineering the relationship management platform for a large private bank.

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Virtusa Corporation
132 Turnpike Road
Suite 300,
Southborough, MA 01772