Cash Pool Management

In today's economic environment, cash pool management represents a highly attractive business for banks, featuring low capital usage, earnings stability and return on equity. To compete in this area, however, banks are under pressure to offer more services that add value. The benefits of effective cash pool management have never been more relevant and, in today's market, corporate treasurers are more global in their outlook and they are demanding their banks provide cash pooling products on an international basis.

SPAN has expertise in developing Cash Pooling application that delivers all the features banks need to offer advanced cash pooling services to corporations in an extremely cost effective way. Designed to co-exist with other back-office systems, the application delivers the flexibility banks need to both define innovative pooling products and to provide the database, calculations and processing for pooling and sweeping across multiple countries, currencies, banks and time zones. This innovative application is product of notional & cash concentration pooling.

 

ORM – Operational Risk Management

Banks and financial institutions are undergoing a sea change and today face an environment marked by growing consolidation, rising customer expectations, increasing regulatory requirements, proliferating financial engineering, uprising technological innovation and mounting competition. This has increased the probability of failure or mistakes from the operations point of view – resulting in increased focus on managing operational risks. Indeed, "better risk management may be the only truly necessary element of success in banking.”

SPAN’s expertise on Operational Risk Management provides the firms with a comprehensive view towards understanding the intricacies of the day-to-day operations using various tools of ORM.

Automated Audit Process

There is a growing acknowledgement from banks and other financial institutions/firms that a consistent and effective operational risk management framework can help them achieve organizational objectives and superior performance.

SPAN has indigenously developed Automated Audit Process tool – a replica of Bank’s Audit format, covering transaction audit and risk analysis. This facilitates institutions to process Daily, Monthly, Quarterly and Yearly Audits. The exceptional feature is that it covers entire Audit Cycle right from allocation of Internal & External Auditors, till Follow up and Closure of Audit Report, besides storing data historically for anytime reference.

This Risk Based Internal Audit Framework for Banks and Financial Institutions mandate a focus on operational risks, forcing financial organizations to identify, measure, evaluate, control and manage the ubiquitous risk. The tool ensures a sound risk based internal audit practice in place, and acts as catalyst to deliver better business performance.

Overview

  • Technology advances, regulatory changes and demographic shifts are reshaping the financial services landscape significantly. Financial institutions have begun to focus
    on Business Process improvement and IT capabilities. People, Applications and Infra-structure are playing a key role in aligning operational strategies of the business.

Sub-domain Focus