The Asset Management and Securities industry has undergone a major overhaul which continues to unfold. Demands for greater transparency from customers and regulators alike include performance reporting, risk management, compliance and investment management.  While, a select few are in a position to gain market share from vulnerable competitors, a significant number are concentrating on system consolidation following several years of M&A activity.

Patni Advantage
Domain and functional expertise gained over the last two decades have helped our Asset Management and Securities practice to optimize buy-side and sell-side domain and IT processes, gain exposure to different types of exchanges and asset classes, and provide integrated ITO and BPO offerings. In addition to services expertise, we have built a strong capability around various third party products and platforms including Fidessa, Omgeo Suite, Eagle STAR and PACE, Portia, SunGard Adaptiv, Advent Geneva, and DST.

Our broad-based functional expertise is as follows:

• Front Office
  Client On-boarding, Research & Analytics, Pre-trade compliance, Trade Order Management, Portfolio management systems, and Back testing.
• Middle Office
  Clearing, Risk management, Post Trade compliance, Pricing & Valuation, Portfolio performance attribution, and collateral management.
• Back Office
  Market data management, Settlement and custody, Portfolio accounting, Securities and cash reconciliation, Corporate actions, NAV calculation, and Reporting.

Offerings for the new economy
Financial Control & Reporting Program (FCNR) is a service specifically designed to maximize cost takeouts, limit customer impact through proven transition methodologies, and shield operations against regulatory and compliance infractions.

Operational Fund Accounting (OFA) solution offers data consistency, accurate financial reporting, customer data security and privacy, and improved transparency and controls.

The three phase Reference Data Management solution help clients move from an expensive internal reference data management department to an outsourced service.

The overnight Global Reconciliation Factory (GRF) solution covers a full spectrum of financial data management including positions, cash, income / expenses and profit and loss.

High Speed Data Mart is an Asset Management focused proprietary schema that delivers data throughput about 25 to 100 times faster than any of the relational asset management data-warehouses that the client employs.

Dynamic regulatory changes and challenges posed by complex global operations force many investment management firms and product companies to continuously enhance their Portfolio Accounting Systems (PAS). Patni has leveraged its years of experience in implementing and testing many of the industry's leading portfolio accounting systems to create a Test Accelerator for Portfolio Accounting Systems. The Test Accelerator assists companies, in creation of test plan that covers every scenario, to create and update test data, and execute regression test protocols.

Solutions Expertise
Over the years our Asset Management & Securities practice has gained expertise in the areas of pre-trade and post trade encompassing compliance & risk management and service offerings such as professional services, application development and maintenance, testing, and back office operations. Customers partner with Patni as their systems integrator to implement new products and services and optimize processes.

• Portfolio Management
  Portfolio management, equity portfolio attributions, performance attribution reporting, and management of applications for risk management and portfolio optimization.
• Compliance & Risk Management
  Portfolio risk management systems, pre-trade and post-trade compliance applications, and verification and validation of the efficiency of credit risk products.
• Trade & Order Management
  Centralized trade and order management system to enable traders to track trade acknowledgements, perform trade reconciliations, position adjustments, and speed up settlements. Integrated and automated trading applications bring efficiency in daily operations.
• Post-Trade Pre-Settlement
  Application development, features enhancement, testing services across various applications in the post-trade pre-settlement space to provide Straight Through Processing (STP).
• Business Process Outsourcing (BPO)
  Daily back / middle office operations such as reference data management, automated and manual trade processing, exceptions management, commission and fee calculations, reconciliations, corporate actions processing, broken trade investigations and wing-to-wing conversions for leading TPAs and administration services groups within investment management firms.

Select Success Stories:

• Re-Architected online securities trading application for better scalability & reducing maintenance cost.
• A leading hedge fund administration partnered with Patni to consolidate funds on a single platform to boosts efficiency.
• U.S. based security trading solutions provider reduces the test cycle time for four products using Patni automated testing solutions.