Banking and Financial Services
At DATAECONOMY, we provide a full-stack suite of solutions designed to meet the complex needs of the banking and financial services industry. Our offerings span Risk and finance Technology, Retail Banking, Investment Banking/Capital Markets, and Infrastructure Services, enabling organizations to drive innovation, compliance, and operational efficiency.
Risk & Finance Technology
Enterprise Risk Management for Banking
- Banks face intense regulatory scrutiny, making compliance and enforcement a top priority. Addressing issues such as insufficient processes for defining Key Risk Indicators (KRIs), challenges with data consistency and availability, and inconsistent breach reporting is essential to avoiding or addressing consent orders.
- DATAECONOMY leverages its deep banking domain expertise and next-generation architecture patterns—such as data mesh, data frameworks and adapters, microservices-based consumption APIs, micro frontends, and Generative AI—to provide comprehensive solutions:
Modern Enterprise Risk Management Platform
Upgrade Legacy ERM Systems:
Implement Generative AI-based applications and integrate with GitHub Copilot to enhance data quality and compliance across key risk indicators.
- Develop a Central Risk Platform for consolidating Risk Metric Data across categories.
- Implement a Risk Data Layer for metric data consolidation using a common data model.
- Create Common Consumption APIs for streamlined data access.
Enable Better Access and Visualization:
Provide users with improved access to and visualization of risk metric data.
- Develop a Risk Portal for the Three Lines of Defense (3 LOD) functions to perform their tasks efficiently.
- Implement a KRI Dashboard and Metrics Inventory Management system for comprehensive risk management.
Generative AI Accelerators for Regulatory Reporting and Compliance
Support critical regulatory functions with our Generative AI accelerators, including FR 2052a testing, Liquidity Risk Reporting, Operational Process Assessments, and Credit Memo Generation.
Enhance Transparency and Governance:
Improve transparency and governance by linking risk functions and their intercommunications.
End-User Computing (EUC) Retirement with Generative A
Accelerate and automate the retirement of EUC applications using Generative AI, ensuring compliance and efficiency in application migration.
Self-Serve Model Execution Platform (MEP)
Enhance data security and operational efficiency with our Self-Serve Model Execution Platform, designed for secure data access, robust data lineage, and streamlined data management.
Technical Strategies for Regulatory Compliance
Develop and implement tailored technical strategies to effectively address regulatory compliance needs and efficiently meet regulatory requirements.
BCBS239 for GSIBs and DSIBs
Meet the requirements of BCBS239 with our comprehensive data management and reporting solutions for Global Systemically Important Banks (GSIBs) and Domestic Systemically Important Banks (DSIBs).
Consumer Risk / Liquidity Risk Reporting
Accurate and timely reporting of consumer and liquidity risks is crucial for effective risk management. We provide advanced tools for detailed risk analysis and reporting.
Risk & Finance Integration
Seamlessly integrate risk and finance functions to gain a unified view of risk exposure and financial performance, enhancing decision-making and strategic planning.
CCAR / Basel III
Navigate regulatory requirements with ease using our solutions for Comprehensive Capital Analysis and Review (CCAR) and Basel III compliance, ensuring regulatory adherence and financial stability.
GDPR
Ensure compliance with General Data Protection Regulation (GDPR) through our data protection and privacy solutions, safeguarding sensitive customer information.
Retail Banking
Customer 720 (Customer Knowledge Platform)
Gain a 360-degree view of your customers with Customer 720, our comprehensive customer knowledge platform designed to enhance customer relationship management and personalization.
Data Ecosystem
Build a robust data ecosystem that integrates disparate data sources, enabling holistic analysis and decision-making across retail banking operations.
Digital (Channels) – Event Hub
Our Event Hub provides seamless integration of digital channels, enabling real-time data processing and enhanced customer engagement through event-driven architecture.
Mortgage Document Management-as-a-Service using Big Data
Streamline mortgage document management with our Big Data-powered solution, offering scalable and efficient document processing and storage.
Payment Hub
Optimize payment processing and management with our advanced Payment Hub, ensuring secure, efficient, and compliant transaction handling.
Fraud Detection / AML
Protect against fraud and comply with anti-money laundering (AML) regulations using our sophisticated fraud detection and AML solutions, leveraging advanced analytics and machine learning.
KYC
Simplify and enhance Know Your Customer (KYC) processes with our comprehensive solutions for customer verification and compliance.
IB / Capital Markets
Commercial 720
Enhance your commercial operations with Commercial 720, providing insights and tools for effective management of capital markets activities.
Market Risk / Liquidity Risk Reporting
Access advanced reporting tools for market and liquidity risk, ensuring accurate and actionable insights into financial market dynamics.
BCBS239 for GSIBs and DSIBs
Our solutions support compliance with BCBS239 standards for Global and Domestic Systemically Important Banks, ensuring effective risk data aggregation and reporting.
Compliance Hub
Ensure regulatory compliance with our Compliance Hub, offering tools for monitoring, reporting, and managing regulatory requirements.
Electronic Communication Surveillance
Monitor and analyze electronic communications to detect and prevent compliance breaches and ensure regulatory adherence.
iVar, hVar and mVar Models
Utilize our advanced iVar, hVar, and mVar models for improved risk assessment and financial forecasting.
