Mindtree's expertise in asset management.
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Mindtree specializes in asset management solutions, showcasing significant growth in assets under management since the 2008-09 financial crisis across regions such as Latin America and North America. They offer a wide range of services including enterprise data management, regulatory compliance reporting, and performance analysis, addressing industry challenges like demographic shifts and increasing customer expectations. Through their proprietary products like Cadis and Thinkfolio, they enhance operational efficiency and risk management for financial institutions.
Mindtree's expertise in asset management.
- 1. Mindtree's expertise in asset management. Overview Since the 2008-09 financial crisis, Assets Under Management (AUM) have risen rapidly. Regions like Latin America, North America, Europe and APAC Key benefits have been leading growth. With improving trends and the need for new Enables faster decision making investment products, AUM have continued to evolve. Reduces operational costs and increases data accuracy The focus overall is on asset allocation, diversification, renewed Removes complex manual commitment to risk management and regaining investor confidence. interventions and improves back office process efficiency Business challenges Improves customer satisfaction due Demographic and economic shifts cause trillions of assets to be turned to reduced error rates and delays over to the younger generation. This requires constant evolution of Reduces risk across all customer service strategies market participants Renewed focus on client service and retention to overcome the distrust With respect to COTS products: created by the recent economic crisis Builds feature and functionality Regulatory compliance mandates and demands for transparency, driving level test packs around the need to better monitor and manage risks for clients and companies thinkFolio and Cadis products Maximizing value from mergers and acquisitions Provides overall test strategy and Delivering cost-effective technology and operations end-to-end test coverage to improve Heightened customer expectations to develop an integrated and quality and reduce test cycle time unified view of their portfolio across channels, products and services Develops complete automated regression suite – reduce Our solution regression efforts and cycle time Mindtree has worked with leading banks, asset and wealth management Carries out performance testing for firms and superannuation funds for over 10 years. We have built a key applications and improves strong team of business consultants and offer services spanning front user experience office, middle office, back office and compliance services across various Reduces total cost of testing and asset classes. increases quality and predictability Services offered range from: Business consulting Application development and maintenance Production support Independent testing Infrastructure management services Development, testing and support for Cadis (an enterprise data management solution) and thinkFolio (a portfolio modeling and trade order management system). Both COTS products are widely used by buy-side firms
- 2. Functional landscape _ asset management External interface Client services Trading Acquire new Management Order Transaction Onboarding Securities management reporting Clients clients relationship lending Trade Confirms ECNs / MTFs support management Asset management services Treasury Portfolio Asset Order Exchanges management relocation generation Research Manage Funding & portfolio cash Order analysis Brokers management FX admin Hedging Middle order operation Regulators Manage pending Allocation management Corporate action NAV & transfer prices instructions Reconciliations management Fees CSDs / ICDs Manage payments Mark to market Payment processing Manage depots Commission / exception Proxy management Manage collateral management Tax management Payment & transfer Reporting & compliance Static data Risk & control Data vendors Regulatory Client Client CCP Risk management - credit, reporting reporting maintenance maintenance market, operations Manual interfaces Internal Tax Security Market Control GL subledger; reporting reporting maintenance calendars P&L management accounting In the above landscape, Mindtree's substantial depth includes: asset management services, research and portfolio analysis, treasury, middle office operations, reporting and compliance, data and risk management and interfacing with external entities. Our expertise Enterprise data management – delivering enterprise data services for Regulatory compliance reporting – improved business automation provide automated and systematic Internet applications – online portals for various fund administrator filing methods and end-to-end filing of houses, which help streamline the routing operations such as new the 13F, 13G and 13D regulatory customer onboarding, portfolio rebalancing and management, agent reports to the Securities Exchange authentication, etc., for stakeholders including customers, employees, Commission (SEC) end users, trustees and external agencies Asset management dashboard – one Order processing system – third party order management system with global view (client / portfolio) designed capabilities such as portfolio management information and modeling to give account directors, fund capabilities, risk and performance reporting, benchmark management, managers, administrators and cash management and workflow capabilities secretaries, a top down view Performance reports – provide analysis and reporting capabilities for of portfolios for which they are the customer’s fiduciary group assigned a specific role www.mindtree.com ©Mindtree Ltd 2013
- 3. Success story Customer profile A UK based fund manager and leader for almost three decades in Business benefits responsible investing. Specialists in alternatives, equities, fixed income, Time needed for software development OTCs, ETDs and shareholder advisory services. reduced and quality of build improved Increased unique test case scenarios Business challenges brought about better code coverage Lack of Cadis knowledge Decrease in post-production issues / No clarity on the documents required bugs due to effective use of proven Change in management due to constant changes in testing methodologies that reduced requirement specifications the overall testing cycle Lack of a specific test process Time spent in regression was Customers unfamiliar with specialized testing reduced due to a test suite created Numerous production issues from the regression test packs Our solution Execution of standard tracking processes and matrices to improve the effectiveness of accountability Providing individual ownership on particular modules developed Asserting templates on various processes, such as effort estimations, code review, checklist, release guidelines and unit test case guidelines The lack of Cadis knowledge was resolved by implementing AutoREL, a Cadis project release automation tool About Mindtree Mindtree is a global information technology solutions company with revenues of over USD 400 million. Our team of 11,000 experts engineer meaningful technology solutions to help businesses and societies flourish. We enable our customers achieve competitive advantage through flexible and global delivery models, agile methodologies and expert frameworks. www.mindtree.com ©Mindtree Ltd 2013