It In Bfsi Mutual Funds

Presented By: Anuj Tagra Anuja Deora Anthony Abhishek Joseph Harkesh Bansal Lehar Ajwani Mehul Jain Shweta Singh

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The product envisages to be a one stop solution to all the operational problems of mutual fund industry.

In 1995 the systems areas in MFT developed an inhouse multi-currency processing system for the investment fund industry, called GFAS. The system is used by over twenty-five organizations in numerous countries so GFAS needs to match many variations of system requirements. It has been developed on IBM’s AS400. No. Of client holdings to each back office employee

Nearest Competitor

Fidelity

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6000 Clients

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AS400 - Application Systems/400 Minicomputer platform produced by IBM Officially introduced in 1988, renamed as System i in 2006 due to global move of server and storage brand to the Systems brand. Midrange offering Intermediate b/w Mainframes and PC based servers

Database Server Terminal One

Server dedicated to DB I/O

Terminal Two

Object Oriented programming. High level instruction set – TIMI – allows application programs to take advantage of hardware and software advances without recompilation. TIMI instructions have a low execution time. Database - DB2 is menu driven interface, has multi-user support. All software needed to run AS400 is included and integrated

Available modules are implemented in conjunction with each other so as to have a streamlined processing system . Tailored solutions can be implemented independent of other modules

This comprehensive functionality: • Reduces the overhead and infrastructure costs associated with supporting multiple system providers • Minimizes the need for large, decentralized operational groups, and • Enables the deployment of people in the most strategic and economical location.

As the fund management industry continuous to consolidate on a global basis it needs to service the clients across languages and currencies, encompassing variety of products. GFAS is designed to support transfer agency anywhere in the world. You can add as many domiciles and sales markets to the GFAS module to accommodate any market in terms of tax and regulatory environment. Cuts across boundaries geographical constraints.

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GFAS provides such scalability to the AMC.

GFAS provides this flexibility needed to operate in various markets.

Helps in outsourcing the work to low cost markets.

It can handle loads of data and images for e.g. In fidelity It supports 1,000 operators across the world scanning 70,000 documents and storing more than 11 million images.

This enables in creation of hassle free, paperless environment where accessibility to the clients application ceases to be an issue.

Supports a wide a range of products like OEIC’S, Unit Trusts, SICAV’S, FCP’S, currency funds, offshore funds, Japanese investment trusts, ISA/PEP wrappers across funds domiciled in various countries.

This adds variety to the products offered by the AMC.

The major challenge that lies ahead for GFAS is to respond to both the market and the institutional clients. Enable the fund manager to offer wider range of products with variable investment options. Enhance simplicity and cut further costs so as to attract fund managers towards defined contribution pension plans. Better integration and communication with the business as in present scenario the infrastructure needs to be ready to drive off in whatever direction the corporate strategy needs to go.

What pensions industry wants? •reduce administration costs •meet increasing service level demands •improve productivity •Maintain regulatory compliance. Unfortunately, legacy system inflexibility is hampering the ability to enhance their operational efficiency so they can meet these challenges in a cost-effective way.

Administration staff: reduce workloads and perform tasks smarter and sooner Scheme and policy providers, trustees and intermediaries: reduce costs, improve service and focus on the areas that really matter for their stakeholders. End customer: enables scheme members and policyholders to easily access the information they need to make informed decisions about their future benefits. Sharpen can provide an extremely quick return on investment, often in less than a year.

FEATURES: • Adds new individual pension/policy holders • Adds a set of new pension/policy holders in bulk • Updates personal details • Performs fund switches and updates investment choices • Updates pension scheme salary details in bulk

ADVANTAGES: •reduces or eliminates time wasted on resolving data queries while improving data quality

FEATURES: • Easy entry and uploading of bulk data • Validates the data format against user specified layouts • Automatic validation against scheme/policy rules • Initiates investment process and specifies funding method • Continuous updates on status of all batches

ADVANTAGES: • increases data quality •reduces the number of queries between sponsors and administrators •significantly cuts the cost of processing bulk data

FEATURES: • Views and maintains personal details • Displays historic contribution and fund distribution details • Executes transactions such as fund switches and changes to investment instructions • Obtains illustrations and benefit valuations • Consults static information such as scheme and policy details, FAQs, etc.

ADVANTAGES: •designed to extend service levels online •reduce the number of queries that administrators receive.

Transition from cost center to profit center. Competitive Advantage. Concentrate on core activities. Customer delight. Enabling IT needs with corporate strategy.

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