Collaborate | Innovate | Transform · (Migration from ACBS to Loan IQ) was a significant challenge...
Transcript of Collaborate | Innovate | Transform · (Migration from ACBS to Loan IQ) was a significant challenge...
Partnering For ExcellenceCollaborate | Innovate | Transform
Optimizing your cash
As a global firm, we understand the importance of developing deep relationships with our clients and partners to provide the best services to financial institutions. The recent joint win at Student Loans Company is further tangible proof that we can team and win together in the market. We are delighted with the momentum built thus far with HCL Technologies and we welcome them to the Misys InFusion Partner Programme. We look forward to working even more closely together as we further advance our joint business in a number of exciting areas
- Nadeem Syed, Chief Executive Officer, Misys
HCL is the first Premier Elite Partner for Misys, with experience of working on multiple products and propositions for the past 8 years. A true global partner, HCL has successfully completed more than 85 projects across Misys products in the U.S., EMEA and APAC.
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www.hcltech.com
HCL Commercial Lending Practice
Commercial Lending has risen as a critical product in capital markets. Commercial and corporate lending are key focus areas of solutioning within HCL. HCL provides a wide range of solutions across the entire spectrum of commercial and corporate lending. The HCL Lending team is powered by industry experts in the lending space with a focus of providing the best solution for the customers with optimum utilization of funds, time and resources.
FusionBanking Loan IQ alleviates high costs of systems and process redundancy within commercial lending operations. FusionBanking Loan IQ increases transparency, improves risk management, provides customer insight and simplifies entry into new markets or business lines in the commercial lending space.
HCL Loan IQ practice, with experience of servicing customers across geographies, offers value added end to Loan IQ services, including systems integration, upgrade, and testing services. This is reinforced by HCL’s strong understanding and experience of executing projects in the Commercial & Syndicated Lending space. HCL’s Loan IQ Practice has developed key frameworks and accelerators through its best practice methodologies to help banks drastically improve effectiveness of its lending IT operations.
HCL Service Offerings in Commercial Lending and Loan Syndication
Domain Specific Operations Capability
Commercial Lending, Equipment Finance, Product Finance, Commercial Mortgages, Structured Finance
Application Development, Maintenance and Support, Third Party Testing, Version Upgrades, System Integration
Onsite and Remote Infrastructure Management
Customer Relationship Management, Finance & Accounting, Utility based suctioning for Origination & Servicing, Help Desk
Business Cost Optimization (Application Portfolio Optimization, Process Optimization) Consulting
Origination Processing & Approval Syndication Closing &
Funding Portfolio
Management Servicing
Product Setup Pricing Setup App Capture Credit Reports Quotes &
Locks Pre approval
Document Verification
Financial Spreading
Risk Analysis & Credit Reports
Fulfillment Approval
Primary Syndication
Assignment & Participation
Deal Trade Settlement
Securitization
Closing Documents
Disbursement Payment
Services Loan
Accounting
Tracking Repayments Annual Review Renewals Workouts
Customer Services
Investor Reporting
Escrow Management
Fraud & Customer Complaints
Operations & Utility
Infrastructure
Technology Services
Industry
HCL Loan IQ Value Proposition• GlobalDeliveryModelwithexperienceininternationalizationofCommerciallendingoperationsforglobalbanks
• LargepoolofcommerciallendingandFusionBankingLoanIQ experts who can provide localization/ customization of the platform, end user documentation and training across geographies
• Involvedindeveloping20%oftheMisysLoanIQcodebase
• CarriedoutfurtherProductenhancementsfor37MisysLoan IQ customers as a primary partner to Misys
• Labswithlicensedversionsofv6.xandv7.xofLoanIQ
• 40+implementationsinvariouscommerciallendingproducts (Loan IQ, ACBS, Capital Stream and others)
• Experienceinprovidingcentralizedoffshore24/7supportto clients
• FunctionalandTechnicalexpertisein29keyLoanIQ modules
• Developedadeepassetbaseofsolutionaccelerators,Testing and Automation framework for Loan IQ (HCL Test Automation framework – HCL PEAK©)
• LoanIQAutomatedtestcaserepositoryof750+testcasescuttingLoanIQtestingtimeby40-60%
HCL Loan IQ Functional & Technical Expertise Heat Map
Success Stories
A Large Agriculture bank in US
Project Snapshot Challenges HCL Value addition Benefits
• Thebankwasmigratingfrom
a legacy system to Loan IQ
v6.x.DataMigration,and
Functional Testing during
the implementation phase
(Migration from ACBS to
Loan IQ) was a significant
challenge because of lack
of understanding of both
systems
• Key Functions Covered:
Customer,Deal,Facility,
Outstanding, Payments,
Circles
• Bankhadlimitedapplication
expertise internally
• DataMigrationof2500Deals
and Loans from Legacy
to Loan IQ had to be in
accordance with bank’s
ongoing project SLA. Several
roundsofMockrunsforData
Loading&Validation,Data
Integrity was to be performed
• Projectlargelycompleted
onsite by HCL BA’s and
Technical Expert working
with the limited capabilities in
the bank
• Stronggovernancesetup
between Client-HCL and
Misys
• Automationof250TestCases
for the regression testing
during the upgrade using
HCL Automation Framework
HCL PEAK @, saving
Commendable time for the
project
• Expectedcostsavingsof
around30%Reductionin
project risk through HCL’s
best of breed Loan IQ
practices
• 100%Accuracylevel
maintainedduringtheData
Migration and Testing process
Services Offered in partnership with Misys
Core Services Offered by HCL
Loan IQ Installation
New Branch/geography roll out & Implementation
Product Enhancement
Interface Development
Data Migration
Platform migration & support
Custom Report Development
L1, L2 & L3 Support
Assignment & Monitoring Support
Enhancements & Customizations
Code and Bug fixing
Functional Testing
Regression Testing
Interfaces & Batch Jobs Testing
System Integration Testing
UAT Testing
Loan IQ Installation
andConfiguration
HCL PEAK© – TestAutomation Framework
Reusable test pack with more than 750+ test cases
FusionBanking Loan IQ
Implementation/ Upgrade
Application Maintenance
Services
ApplicationDevelopment
Services
Application Testing Services
ConsultingServices
Loan Operations Processing
FusionBanking Loan IQ Training
Resources Offering
Hello there! I am an Ideapreneur. I believe that sustainable business outcomes are driven by relationships nurtured through values like trust, transparency and flexibility. I respect the contract, but believe in going beyond through collaboration, applied innovation and new generation partnership models that put your interest above everything else. Right now 100,000 Ideapreneurs are in a Relationship Beyond the Contract™ with 500 customers in 31 countries. How can I help you?
LeadingGlobalInvestmentBankinGermany
Project Snapshot Challenges HCL Value addition Benefits
• Theclientmigratingtheir
GlobalLoanOperationsto
Bangalore,Requirement
was to setup a Back office
to handle the End to End
operations for their bi-lateral
and syndicated lending.
• Key Functions Covered:
Loan Processing, Accounting
andControl,Documentation
Collateral & Trading
• Providing24X7supportto
the bank covering across
geographies (US, UK and
APAC) and across function of
Loan operations
• Riskfreeenvironmentfor
the bank compliance to the
industry standards
• TrainingtheEndusersonthe
Loan IQ application and other
third party applications in
limited period, and supporting
the global rollout of Loan IQ
• Implementationoffour
eye check for the all the
transactions processed to
reduce the risk and Cross
training the End users with
various modules using
offshore/ onshore model for
resource to get expertise with
the process
• BusinessContinuityPlan/
DisasterRecoveryPlanin
case of emergency providing
continuity in Business
Operations with Tech Support
andReducingtheRisk
• MaintainingRiskand
Compliance for each functions
of the operations with
Maintaining the SLA’s and
KPI’s as Agreed with the Bank
• Consolidatedtheclient’s
geographically dispersed
back-office loan operations
into a single offshore location
Reducingtheoverallcostfor
the client, Cost reduction of
$100Millionforprojectperiod
of10yrs
• Successfulcompletionof
a six-sigma project which
reduced breaks in the Nostro
reconciliation processes of
APAC and UK regions by
33.5%,resultinginanotional
gainofEUR509,950