MiFID Service Offerings |
| How Patni can help you achieve MiFID compliance on time. |
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| There are a number of areas in which Patni can help you, namely: |
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Client categorization and re-documentation
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Data (standards, migration, quality, storage) |
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Pre- and post-trade transparency reporting |
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Market testing. |
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| Patni has extensive experience working with Financial Institutions. We currently work with major banks on risk and compliance programmes including Basel II and SOX. We have a large number of seasoned professionals who are well-versed in all aspects of data migration and warehousing. Our skill sets are complemented by industry specialists who are in the fore-front of MiFID thought leadership as members and regular participants at the Joint Working Group and Sub Group meetings |
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| To begin the process of implementation, Patni has put together an Impact Analysis Service which delivers the high level impacts of MiFID in a cost-effective manner. This service is led by industry experts and utilizes Patni's experienced team of business analysts. |
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| Once the impact analysis has been completed, Patni can assist you with the implementation of MiFID, utilizing our best-shore model to minimize costs whilst always maintaining the high standards of quality for which Patni is renowned.
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| Patni offer the following services: |
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Documentation: Check and implement the processes to ensure that all customers have the right documentation and have acknowledged receipt.
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Data Migration: Migration of client data to a new database properly segregated and enhanced to ensure the right products are offered to the right people. |
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Data Quality: Ensure that the data is 'fit for purpose' and in the correct format for the generation of regulatory reporting. |
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Data Storage: Advise on the storage implications of the MiFID directive and provide off-site back-up and retrieval facilities. |
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Data Warehousing: Provide regulatory reports and proof of compliance of the requirements of MiFID. |
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Systems Implementation: Implement changes to front and back office systems, working with the vendors and internal IT Departments. |
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Systems Integration: Ensure that data is available for publishing (in the case of the trade and price data) and also that the right information is available for best execution. |
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Market Testing: Use our many and very experienced Verification and Validation practitioners to ensure quality of delivery, realization of benefits and compliance peace of mind, in a cost effective and efficient manner that will not compromise the integrity of the IT platforms. |
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