Editorial

New Development Bank and TCS BaNCS –Tata Consultancy Services awarded Best Treasury Management Initiative, Application or Programme

By The Asian Banker

New Development Bank and TCS BaNCS –Tata Consultancy Services awarded Best Treasury Management Initiative, Application or Programme at The Financial Technology Innovation Awards Programme 2019 for implementing an integrated SaaS treasury system facilitating significant growth in portfolio.

  • NDB implemented an automated, SaaS treasury system supporting the complete life cycle of trades and processes
  • This facilitated the bank to increase the asset classes covered by its treasury business by 100%, growing its portfolio by over 20% within 6 months.
  • The integrated system enabled the bank to launch services in complex assets with speed

Bangkok May 30th 2019 – New Development Bank (NDB) and TCS BaNCS –Tata Consultancy Services were awarded Best Treasury Management Initiative, Application or Programme at The Financial Technology Innovation Awards Programme 2019. The awards ceremony was held in conjunction with The Future of Finance Summit, the foremost annual meeting for decision makers in the financial services industry in the Asia Pacific region, held at the Shangri-La, Bangkok on May 30th2019..

NDB-TCS

Standing from left: Richard Hartung, International Resource Director, The Asian Banker; Alexander Baryshnikov, Chief, IT, New Development Bank; Letian Lin, Senior Professional, Treasury and Portfolio Management, New Development Bank; Subhransu Panda, Program Manager, TCS;Neeti Aggarwal, Senior Manager, Research, The Asian Banker; David Gyori, International Resource Director, The Asian Banker

NDB implemented an automated, SaaS treasury system supporting the complete life cycle of trades and processes

New Development Bank, the multilateral development bank established by the BRICS countries, implemented a new treasury management system using TCS BaNCS. The system was implemented as a fully automated, SaaS treasury management system supporting the complete life cycle of trades and processes, integrated risk analytics, limit management and a reporting engine. Enabling straight-through processing, the system integrates with external systems (such as Reuters, Bloomberg and SWIFT) to complete trade processes, and also offers online credit and market risk monitoring. The system manages all the market operations for the bank’s investment and liability portfolio.

This facilitated the bank to increase the asset classes covered by its treasury business by 100%, growing its portfolio by over 20% within 6 months.

The system enabled the bank to offer services across its universe of asset classes, including complex assets such as interest rate derivatives, money market instruments and collateral management. Overall, the total number of asset classes that the bank offered services in doubled after the launch of this system and resulted in over 20% growth in the portfolio size for the business.

The integrated system enabled the bank to launch services in complex assets with speed

The system facilitated the bank to launch complex assets with speed. It provides inbuilt risk analytics and limit management, risk management module and a reporting engine, facilitated by faster processing and decision making. There are automated alerts in case of breach of limits and the system also provides a transparent view of operations to all stakeholders. The system was delivered in an agile delivery model with the first phase launched in a short 12 weeks.

The Asian Banker Financial Technology Innovation Awards Programme, refereed by prominent global bankers, IT consultants and academics, provides an undisputed benchmark of technology implementation in an increasingly fierce marketplace. A stringent three-month-long evaluation process determines the awardees from across Asia Pacific, Middle East, and Africa. The awardees are honoured in a gala event that recognises their efforts in using the best technology to run their institutions and bring superior products and services to their customers.

About The Asian Banker

The Asian Banker is the region’s most authoritative provider of strategic business intelligence to the financial services community. The Singapore-based company has offices in Singapore, Malaysia, Manila, Hong Kong, Beijing, and Dubai, as well as representatives in London, New York, and San Francisco. It has a business model that revolves around three core business lines: publications, research services and forums. The company’s website iswww.theasianbanker.com

You may visit the Financial Technology Innovation Awards gallery at https://www.facebook.com/pg/TheAsianBanker/photos/?tab=album&album_id=10157254926774804&__tn__=-UC-R

For further information on the collaterals for winning banks, please contact:

Mr. Alfred Labicassi
The Asian Banker
Email: alabicassi@theasianbanker.com



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