A leading banking institution wanted to enhance its regulatory reporting process to better align with compliance requirement.
Client’s primary objective were:
The bank encountered critical challenges that impacted efficiency and accuracy of regulatory reporting along with:
Sciente partnered with the bank to drive the transformation journey with following steps:
Sciente’s approach focused on creating a future-proof infrastructure along with addressing client’s current pain areas.
The engagement delivered tangible business and operational benefits, including:
Sciente’s collaborative approach empowered the bank to modernize its regulatory reporting ecosystem, improve data quality, and establish a resilient, governance-driven data infrastructure.
A major banking institution aimed to strengthen its Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) frameworks by using advanced analytics and artificial intelligence (AI)/machine learning (ML) capabilities. The initiative focused on enhancing compliance surveillance, optimizing existing models, and leveraging data-driven insights to improve the bank’s ability to detect, prevent, and respond to financial crime risks.
The bank wanted to stay ahead of evolving financial crime tactics and regulatory expectations. Key challenges included:
The client’s objective was to modernize its compliance operations, reduce operational risk, and enable proactive detection of money laundering and terrorist financing activities.
Sciente partnered with the bank to elevate their AML/CFT compliance framework via its “Business Technology Services”, which includes:
Sciente’s approach ensured a balance between regulatory compliance, operational efficiency, and technological agility.
The initiative improved bank’s AML/CFT operations:
Through these outcomes, the bank reinforced its commitment to safeguarding the financial ecosystem while enhancing operational resilience and regulatory alignment.
A global banking institution partnered with Sciente to manage and optimize its end-to-end financial market systems, covering the entire spectrum from Front Office (FO) to Middle Office (MO) and Back Office (BO) operations. The scope included application management across trading, risk management, compliance, and settlement platforms, ensuring operational resilience, regulatory compliance, and business agility.
Managing financial market applications from FO to BO showcase unique set of challenges due to the complexity and specialization of banking domains.
Key issues:
Sciente delivered comprehensive Application Management Services underpinned by deep financial domain knowledge and modern delivery practices.
Key contributions included:
This holistic approach ensured the bank’s trading and risk systems remained agile, efficient and responsive to dynamic market conditions.
Sciente’s involvement enabled the bank to realize significant operational and strategic benefits:
By aligning technology with business imperatives, Sciente empowered the bank to maintain operational stability while continuously innovating its trading and risk ecosystem.
A leading transactional banking client engaged Sciente to augment their internal teams with business analysis and project management expertise. The engagement focused on supporting IT systems across key functional areas, including cash management, payments, trade finance, and compliance, while driving operational efficiency and regulatory alignment.
The client faced multiple challenges in managing and upgrading mission-critical systems.
Sciente delivered comprehensive business analysis and Project Management Services across multiple areas of transactional banking, enabling improved governance, scalability, and business agility:
Sciente’s agile approach ensured strong collaboration between business and IT, allowing for continuous improvement and alignment with strategic objectives.
Through this engagement, the client experienced tangible improvements across transactional banking operations:
Sciente’s services empowered the bank to build a scalable, responsive, and compliant transactional banking ecosystem.
A regional bank embarked on a large-scale system consolidation initiative to unify its wholesale banking operations across multiple countries. This transformation involved integrating various platforms and applications, requiring a robust and agile approach to testing and deployment to ensure stability, compliance, and business continuity.
The client faced several critical challenges during the system consolidation and integration effort:
Sciente partnered with the bank to deliver a comprehensive testing and deployment framework using agile methodologies and test automation:
Sciente’s agile-aligned delivery model ensured close collaboration with internal stakeholders, seamless hand-offs, and enhanced responsiveness throughout the testing lifecycle.
The testing engagement with Sciente delivered several measurable benefits to the regional bank:
A leading regional bank engaged Sciente to support its Finance, Risk, and Banking Operations teams in the context of a large-scale transformation initiative following multiple acquisitions. The objective was to ensure seamless system integration and maintain operational integrity through robust Test Management, User Acceptance Testing (UAT), and Quality Assurance (QA) services.
The engagement involved navigating several critical challenges:
Sciente built the team of specialists with domain knowledge and testing experience to address bank’s complex requirements:
Sciente’s consultative approach ensured that testing not only focused on technology but also aligned closely with business outcomes and regulatory expectations.
The engagement resulted in several tangible business benefits:
A leading banking client partnered with Sciente to establish a resilient 24×7 production support function for its corporate banking business. Sciente provided “Hire-Train-Deploy” (HTD) services, completing the entire talent acquisition and onboarding cycle in just six weeks.
Challenges emerged during the engagement:
Sciente’s structured Hire-Train-Deploy framework addressed bank’s needs through a phased and outcome-driven approach:
The HTD engagement delivered multiple business and operational benefits: