Convergent brings together technical consultancy, development and integration with specialist domain knowledge across private banking, investment banking, asset management and hedge funds. Our major clients are leading global banks and financial services companies such as Credit Suisse and JPMorgan Chase. Our consultants are experienced business analysts, functional consultants, project managers, architects and developers all with 10 to 20 years project delivery experience in the financial sector.
Despite recent turbulence in the financial markets, Convergent has enjoyed continued strong growth in the sector throughout 2008. As a smaller, focused consultancy, our continued success is built on consistently offering our clients better quality consultants more affordably than the large consultancies and vendors in our space.
The market downturn has presented several new challenges where we are helping clients, such as: maximizing operational efficiency through outsourcing; regulatory changes and a
focus on governance, compliance and risk; integration and consolidation of new acquisitions, and corporate standardisation and rationalization programmes. Convergent has the broad experience, flexibility and specific service offerings to help clients with many of these operational and IT initiatives.
Our recent client experience in Banking and Financial Services includes:
- Outsourcing back office fund accounting and transfer agency functions, including analysis and definition of the target operating model, operational and IT lift out and transition, data integration with the third party outsourcer and development of control and compliance functions.
- Global data warehouse for Assets Under Management
- Implementation and upgrades of leading back office, middle office and front office vendor solutions including: IGEFI Multifonds, Fidessa Latent Zero Capstone, StatPro Composites.
- Analysis and development of a strategic cross-product billing solution for Foreign Exchange (FX), Fixed Income (FI), Interest Rate Derivative (IRD) and Credit Rate Derivative (CRD) to improve processing, accuracy and control of invoices produced for individual clients
- Data warehousing and modeling of financial instruments, transactions and positions
- Integration and real-time processing of core processing data in FPML to improve Straight Through Processing (STP)
- Client Reporting
- Development of a bespoke position keeping system and cash flow engine for Treasury Asset Liability Management (ALM) – used to model NMPs and liquidity for hedging against interest rate changes.
- A architecture for de-coupling core banking processes from legacy mainframe using web services
- Compliance projects for banking directives including Basel II, UCITS and MIFID; and corporate accounting regulations such as Sarbanes Oxley.
- Back office global ERP implementation, integration and systems architecture across Finance and HR based on PeopleSoft Financials and HCM.
- Data warehousing and business intelligence for global HR
- Security architecture and technical consultancy for addressing IT Risk and Auditing.
- Systems architecture, performance and health checks for numerous corporate applications.
- Application inventory for IT Planning, platform standardization, strategic rationalisation and consolidation programmes
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