Banking

Few can now argue against the need for transparency, as the complex algorithms and obsolete systems of many risk directors proved unreliable. Today, senior directors need to know precisely how their organisations are performing, sometimes hour to hour. A proliferation of reports in different formats from incompatible systems is no longer enough, if it ever was.

What’s needed is transparency of operations across the organisation, offering a consolidated view through a unified system of reporting. 

At Blueprint, we embrace the challenge; with strong credentials in developing reporting systems for the banking sector, we understand the business requirements and how to translate them into a technical specification that will get results quickly. 

Without prejudice, we investigate the business issues, review the data, and deliver a plan that offers consolidated reporting and sweeping simplification; fewer reports delivered faster, produced to order by the user via customised portals or dashboards, in the desired format.

This is what our financial services customers have been telling us...

Risk: ‘Keeping an inventory of our risks is no problem. What we need to understand is how they correlate over time, how risks are changing, and what effect do they have on each other? Are we taking on more risk? Are certain risks not being managed and mitigated effectively?’

Market positions: ‘We would like to be able to monitor all our trading positions against our limits in real time and on one screen. But to do that, we estimate that we would have to go from 700 reports down to seven. Is that even possible?

Regulatory reporting and accounting: ‘The FSA, the SEC, MIFID, Basel 2, Sarbox… and who knows what’s coming next? We need a unified system of reporting and accounting that shows us the consequences of our decisions for each of the different regulatory regimes under which we operate.’

Client reporting: ‘Our institutional clients demand complex consolidated reporting in several different formats. How do we offer such flexibility from so many systems? How do we provide accurate tax reporting to wealth management customers with the right logic in multiple tax domains?’

Human resources: ‘Rather than make good people redundant, we would like to explore how we could re-allocate them, especially when markets may be recovering. To help us do that, we would like a system that sees though the titles on their business cards to their underlying skills and experience.’

Business development: ‘Who owns each client relationship? Who else should we get involved? What are we doing to sustain and develop the relationship? Where do we focus our marketing?