GET ENTERPRISE GOVERNANCE RIGHT

New Product Approval

Mphasis provides services (consulting, technology, and process outsourcing) around the NPA platform and processes. We help organizations to:
• Define or re-engineer business processes
• Define the RFP processes and documents and support the RFP process
• Write business requirements, functional requirements and build POCs
• Evaluate vendors (workflow tools, NPA tools)
• Implement or upgrade an NPA platform against chosen toolsets (partial or full waterfall software life-cycle)
• Provide operations support for NPA creation and review

Compliance Risk Tracking

Mphasis has conceptualized the overall process and implemented the framework that enables a large universal bank to track compliance on all legal and regulatory matters efficiently. We support several key regulatory practice areas such as:
• Regulations change management
• Policy administration
• Monitoring and testing
• Training and awareness

Regulatory Engagement Management

An efficient and effective response to regulatory examinations and consent orders requires standardized, centralized, and automated processes to be adopted by compliance. We help organizations manage:
• First-day letters
• Internal preparation
• Exam fieldwork, Supervisory letters, and management responses
• Inventory and deliverables to regulator management
• Regulator specific portals
• Effective and timely reporting     

Audit

Mphasis helps banks develop a strategic audit application to replace the existing Lotus Notes Databases used in the areas of corporate/internal audit. The existing platforms are mainly used for audit planning, audit execution, and administration. However, with the ever-growing needs of the business, it has become essential to move into a more stable, extensible, and robust application that supports the bank's audit needs.
Mphasis helps organizations to develop strategic audit applications by:
• Streamlining and automating the approach in audit planning and execution
• Reducing turnaround time by the enhanced workflow process
• Sending notifications and messages for efficient tracking of audits thereby ensuring the overall health of audits
• Securing information access to regulators during external regulatory audits
• Improving user interface (UI) Experience across all stages–audit planning, audit execution, and reporting

Regulatory Reporting

Mphasis Regulatory Reporting (Bespoke, COTS) compliance capabilities address the most demanding financial regulatory needs. This approach reduces compliance burden, mitigates risk, empowers all individuals involved, and transforms the experience of compliance. We have:
• OATS reporting platform for large brokers/dealers
• Automated electronic blue sheet reporting for large universal banks
• Business analysis for implementing BCBS 261 at large universal banks
• Extensive data modelling for compliance and regulatory reporting

Model Governance

The Mphasis governance methodology and management process aligns our solution with the client’s strategy, business needs, functions, and processes. We adopted this approach in a multi-year initiative with a corporate technology Line of Business (LoB) to address the MRA (Matters Requiring Attention) directive. We help organizations:

• Deliver a data access model deployment layer to extract source data, store it and make it available

• Deploy scoring models in SAS, Python, and Machine Learning in Spark

• Implement and automate different types of ingestion, transformation, adjustments calculations, EOD, derived metrics, and allocation jobs

• Improve the time taken to generate a score to 50 percent of the original time

• Deploy a scalable solution- flexible architecture that provided an ability to accommodate future changes to regulations