Technology and Transformation
The acceleration of innovation and regulatory reform is increasing the risk that bank technology platforms become obsolete or uncompetitive. CRISIL helps banks upgrade and replace legacy technology systems that hinder growth, while minimizing implementation disruptions.
Leveraging our strong understanding of business processes across the sales and trading, risk, finance, operations and compliance functions, CRISIL partners with financial institutions to transform technology, build out next-generation architecture and reduce infrastructure downtime.
CRISIL supports our partners through these transformations by providing specialist solutions across application development and maintenance support, system migration and integration across functions, smart automation through NLP, RPA, AI/ML, business intelligence and cloud implementation.
Solution Components
- Development and L1, L2, L3 support to client proprietary and third-party systems
- Risk management and reporting applications
- Scenario/stress-testing application/tools
- Platforms for risk aggregation, analytics and reporting across asset classes
- Pricings libraries
- Migration from legacy risk systems to unified, next-gen systems
- Harmonizing risk systems across functions
- Front-to-back process re-engineering and automation
- In-house data aggregation, analysis and reporting capabilities
- RPA implementation for operational automation
- Employing AI/ML in fraud detection/violations and predictive analytics
- Gap and impact analysis
- Requirement gathering/analysis and preparing BRDs/FRDs
- Integration testing, regression testing, and UAT
- Defect management and traceability matrix
- Defining risk methodologies
- Regulatory impact analysis
- Data governance frameworks
- Front-to-Back harmonisation of systems
- Infrastructure rationalisation and migration
- Process re-engineering
- Smart automation utilizing RPA, NLG, NLP, Blockchain, and ML
CRISIL EDGE
Case Studies
Questions
Deep expertise across various SDLC methodologies – waterfall, iterative, agile
Extensive technology expertise across programming languages, databases, analytics tools, and automation platforms
Sound knowledge of derivative products – Vanilla, Exotic, Structured Notes, ETFs
Techno-functional expertise combining technology with domain knowledge, understanding of front-to-back banking processes, experience in business analysis and project management