Leading the Way to T+1 Compliance: A Cloud Transformation Success Story

In the dynamic asset management market, maintaining compliance with evolving regulations and ensuring efficient operations are crucial for success. Companies face the challenge of modernizing their legacy systems to keep pace with industry demands and leverage technological advancements to stay competitive.

This case study explores how Infosys collaborated with a leading asset management company to achieve T+1 compliance through a comprehensive cloud led business transformation. This partnership not only enhanced straight-through processing but also ensured regulatory readiness and operational excellence, positioning the client as a leader in the industry.

About the Client

The client is a prominent U.S.-based asset management firm with a global footprint, renowned for managing substantial investments and delivering top-tier financial advisory services.

Challenges

The client faced several challenges in their modernization journey

• Maintaining uninterrupted Investment operations while modernizing aging technologies
• Inefficient straight-through processing for complex trade processing tasks like broker interactions, FX trades, trade matching, and cancel/correct functions.
• Ensuring compliance with new T+1 settlement regulations involving over 40 internal and external integration points.

To address these challenges, the client sought a solution that could streamline processes, enable personalized and credible content, and align with their brand values. This initiative aimed to boost efficiency, reliability, and brand presence, ensuring they remained at the forefront of the wealth management industry.

Infosys Solutions

Infosys partnered with the client to modernize a large scale and critical trade processing legacy platform working closely with Operations end users to understand their pain points on workflows and gaining their buy-in on optimization ideas. With an impending regulatory deadline for T+1 compliance approaching, Infosys collaborated with the client to deliver enhancements on time using an agile multi-phased approach while deploying intelligent processes. This transformation effort delivered a cloud-ready Platform using service-oriented architecture to over 300 operations users globally earning kudos from client stakeholders.

Business Benefits

Infosys's partnership with the client yielded significant improvements in their trading platform, ensuring T+1 compliance, and elevating operational efficiency. The transformation project achieved remarkable results, including a substantial reduction in processing exceptions and enhanced STP rates.

• An impressive 82% reduction in exceptions due to enhanced STP
• Improved the STP rate from 40% to 91%
• Completed implementation ensuring T+1 compliance
• Comprehensive rollout covering approximately 15,000 accounts, 800 brokers, and 300 operations users
• Ensured 100% compliance with industry standards across seven global offices

This success story demonstrates Infosys's ability to deliver cutting-edge and scalable solutions on time and on budget. Infosys drives industry leadership through innovative and strategic implementations.

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