Luxoft developed interactive software for the Sberbank exhibition booth at the 15th St. Petersburg International Economic Forum that took place on June 16-18, 2011

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Outsourced Experts Assist With Crucial Loan Origination and Credit Risk Management Application, Enabling DB to Better Serve its Clients While Expanding Market Share.

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The main business challenge was to streamline derivatives trading desks operations and increase transparency of Risk and P&L associated with transactions. Main business challenges are:

• To provide flexible way of capturing wide variety of derivative trades with new products constantly emerging on the market
• To automate coordination of loans sales deals between Trading, Deal Management and Middle Office participants
• To provide seamless integration with Portfolio Management and Deal Management business workflows as part of loans pricing and mandatory hedge execution processes
• To allow monitoring of diverse credit and market risk metrics both on transactions level and aggregated (i.e. by counterparty, region, industry etc)
• To provide Mark-to-Market P&L associated with executed transactions on a daily basis as well as estimated prediction and what-if analysis based on up-to-date market data

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The loan business is very paper intensive and requires exchange of huge amount of documents with multiple parties involved. Old fashioned manual loan processing system involved delivering documents via courier, fax or email and storing digitalized copies on a network shared drive which implied an inefficient way of document management for a number of reasons:

• Access to documents by multiple users at the same time was not possible;
• Lack of version control as users created “shadow” file systems to compensate for lack of multiple user access;
• Distribution of paper documents was time consuming and cost inefficient;
• No backups of documents.

The aim was to create a system that would resolve existing problems and support storing documents and managing its lifecycle according to inherited business processes.

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System used by Finance and Financial control departments of Bank is a unified data repository which consolidates data from the numerous trade and valuation front office feeds. System provides the trade data and reports on a daily basis.Read more

The main business challenge was to automate all aspects of the desk and provide an on-line frontend system to LS2 for Loans in the Distressed Products Group. Main business challenges are:

• Provide clarity of credit and trade detail at the time of the trade, front-to-back
• Identify ownership, accountability and bottlenecks in the process
• Dashboard/Reporting of real-time trade information at Management fingertips
• Comply with NCA, FSA, Compliance and Audit regulations
• Reduce counterparty risk during busy trading periods
• Improve security and confidentiality through entitlement based access
• Compatible with other Loan businesses

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The client is a leading global investment bank with strong private wealth division and oering their clients unparalleled services. With 1,000+ branches located arround the world, the institution employs more than 70,000 people and continues to grow signicantly in North American, Asia and other key emerging markets.
The bank needed to proactively address structural cost issues, close capability gaps, enhance shareholder value, and enable the bank to become a global “ow monster” to support business strategy. Their ultimate goal was to go from a McKinsey-rated D-Bank to an A-bank – an eective business leader.
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Implemented by the Client, the system reflects the continuing goal of providing the tools users need to do business. Main business challenges are:

• Client information tracking
• Deal logging
• Revenue tracking
• Conflict Management support
• Business and Compliance reporting
• Transaction auditing
• Data exchange (feeds) established with outside systems
• Support custom entitlement rules
• Reduce development and maintenance cost

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The main business idea is to provide users with the ability to store, generate and manage documents. All the documents are distributed by different business objects. The system cooperates with others external systems. As a part of cooperation, Credit Applications workflow is provided. Main business challenges are:

• To create centralized documents managing system,
• To reduce credit risk by reducing delays in Credit Application workflow,
• To support Credit Application life cycle,
• To provide coversheet generation functionality,
• To integrate with external system data processing,
• To lighten Bulk and other imports process

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Main business challenges are:

• To integrate separate departments into world wide system,
• To speed up loan processing,
• To create a loan origination system for online loan processing that is a source of loan data for many other systems,
• To track workflow of the origination process,
• To create a pipeline and a quarterly reporting system,
• To organize Securitization and Rate Lock processing,
• To reduce credit risk by reducing delays in loan origination process,
• To increase transparency and consistency of loan origination process,

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The newly developed system was destined to replace former product with new one, based on the innovative web technology and ability to cooperate with other applications under one portal. This initiative served three purposes:

• enhance usability and workflow processing for analysts, risk managers and closers,
• extend the work progress reporting service to other regions, hence providing business users with global reporting,
• reduce operational risks since audit trails and daily backups will be available.

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