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CLIENT CASE STUDY


Chilean Bank: Developing new trading platform based on Misys

Accenture helps a Chilean bank develop an innovative trading platform using Misys to transform key business capabilities.

Overview

This Chilean bank asked Accenture to lead an analysis of its business, IT, organization and risk models, which revealed a need to upgrade inefficient trading and risk systems. Accenture worked with the bank's experts to select a core software engine and then ensured a smooth implementation by running the project management office, coordinating teams, managing the relationship with providers and vendors, and performing software implementation services including customization, interface integration, testing and change management. With more effective capabilities in place, the bank is better positioned to achieve expansion in the desired lines of business, and to differentiate itself more successfully in an increasingly competitive market.

Solution and Results

Solution
Accenture worked with the bank's experts to deliver a new platform. The team decided to implement a new front- and middle-office solution and to improve the back-office legacy system. 

Once the Mysis risk-suite software was selected as the core solution engine, Accenture ensured a smooth implementation by running the project management office, coordinating teams, managing the relationship with providers and vendors, and performing software implementation services including customization, interface integration, testing and change management. 

Improvements through to the final phase were launched without incident, and Accenture continues to support the bank in post-implementation maintenance.

Results
With more effective capabilities in place, the bank is better positioned to achieve expansion in the desired lines of business, and to differentiate itself more successfully in an increasingly competitive market, including:

  • Trading on structured products and offering tailored interest rate swaps

  • Better managing short- and long-term foreign exchange positions through automatic risk splits and consolidated reporting

  • Improving customer relationship management and providing real-time credit and attributions management

  • Expanding the ability to offer complex products like futures and options

The solution also suggests future improvements such as automatic credit risk control and portfolio Value at Risk calculations allowing the bank to progressively personalize products and take them to market with greater speed, efficiency and profitability.