| A major international
bank had a commercial exposure because their antiquated
Global Limits system could not respond fast enough. Deals
were being entered manually in the back office at a "green
screen" terminal at the close of business, resulting
in a delay of several hours in applying business rules
to international business. Dealers in different offices
could, unaware of each other's transactions, allow customers
to exceed their limits. There was also potential for dealers
to put the bank into high risk positions during the dealing
day without any checks.
Replacement of the system had been repeatedly delayed
because it was difficult to select an appropriate product
or service. The Global Limits problem was not the only
IT issue, and had become incorporated into plans for
a wider scale system upgrade. Consequently, even when
the upgrade system was selected, it was not going to
be in place for months or even years.
A way of reducing the business risk was quickly
needed...
Solution > |
