Indo Zambia Bank (IZB) is a leading financial services provider in Zambia, providing retail banking services to the communities it serves. The bank was founded in on 19 October 1984 by the Government of Zambia, and three state owned Indian banks Bank of Baroda, Bank of India and Central Bank of India IZB was using Microsoft excel for all its ALM needs but the excel based process and reporting was not sufficient to meet their management and regulatory requirements, thus IZB sought to implement an integrated ALM solution. As part of the selection process multiple ALM solutions were evaluated and BALM, Surya’s ALM solution, was shortlisted by IZB for implementation.
The Problems:
- Bank didn’t have a system in place for ALM and all the reports were generated using excel by collecting data from various source systems manually. Since it was done manually there were quite a number of challenges, like:
- Collection of source data from CBS and treasury system to analysis risk and identifying maturity profile to bucket source data Time taken to compile data and generate regulatory & other management reporting was very high It was not possible to prepare requisite Gap Reports on daily basis ‘What if’ scenarios could not be modelled As most of the reports were being prepared manually, there was a high possibility of human error, and the time taken to generate these reports was unduly long. Al these challenges and problems made monitoring liquidity and interest rate risk an up-hill task.
Solution Proposed Surya’s proposed to implement its Bank Asset and Liability Management (BALM) application, a comprehensive solution which addresses both regulatory & management reporting requirements. The solution is highly parametrized & has host of features like:
KEY DIFFERENTIATORS
DATA HARMONIZER
At the core of BALM solution is the Data Harmonizer platform, which provides the key handshake with external host systems. Data Harmonizer ensures data extraction, reconciliation, cash flow generation, dynamic data addition for scenario creation & finally the aggregation.
IMPLEMENTATION APPROACH
Surya’s customer centric approach and agile implementation methodology ensured successful delivery and resulted in project go-live a month ahead of schedule. The entire implementation team had good knowledge of domain and business requirements.
- An unwavering attention to detail and care towards your work.
- You should be comfortable working in an agile environment. What is Needed for the Role
- You should be comfortable working in an agile environment. What is Needed for the Role
- An absolute commitment towards doing the best work of your life, while helping others to do the same. We deliver.
- You should be comfortable working in an agile environment. What is Needed for the Role
- Proven inside sales & business development experience
- Proficient with corporate web presentation tools
- Experience working with CRM Tools and proficient in Office Tools
- Excellent verbal and written communications skills
