A large global bank was in the process of replacing its legacy FX Front Office system (a vendor system and related bespoke applications) as part of an overhaul of its entire FX business when it became apparent that the new vendor system would not adequately support its manual quoting/dialog pricingrequirements. Brickendon was engaged by the […]
A European Investment Bank had manual compliance processes which lead to costly and time consumingcompliance for traders who often had to wait hours or every days to confirm if and where a trade could be performed. As the process was manual there were a number of high profile incidents where this process had failed. They […]
One of the world’s largest banks wanted to rollout an eFx platform to 34 countries with aggressive timelines. The bank had challenges with delivering technology projects on time and cost and time over runs were frequent. The bank engaged Brickendon consultants to set up and manage the end-to-end rollout across all the countries, train internal […]
A major European bank required an integrated trade monitoring system. Brickendon was brought into design and build a new system to replace the existing tactical system, which had been found to be unstable and unreliable. Alongside this project, the client requested a strategy proposal for a revised monitoring operating model. This model would alleviate control […]
A large international bank was struggling with the reconciliation between assumed and the actual settlement of trades in their Securities Finance business, which was costing them large amounts of interest and other cost plus extensive manual work. Brickendon were engaged to assess the existing situation, devise a programme to remove operational risk from the current […]
A large global banking client was seeking to transform the loan approval process, as it is notoriously cumbersome and slow, heavily reliant on manual data handling. The process was overly complex, resulted in prolonged wait times, leading to significant customer dissatisfaction and increasing operational costs due to the extensive need for human oversight and intervention. […]
A large international financial institution was struggling to acquire, maintain and manage multiple classes and hierarchies of data within existing systems and processes. As a result, they faced significant difficulty assigning credit risk and calculating capital requirements and RWA. They also missed out on product sales opportunities, and encountered various deficiencies with several ongoing regulatory […]
Client Challenges The client wanted a more robust, scalable and reliable solution for caching FX static data. The large legacy system was clunky and slow. Each trading system that used the cache actually only required small subsets of data for each transaction. Management and access to the data was cumbersome and created latency within the […]
