Controllers & Regulators, shareholders, and internal business stakeholders want better transparency into bank operations in order to improve organizational financial strength. Also, controllers & managers wants that financial institutions to establish suitable levels of:
Universally, several banks/financial institutions struggle to manage data with the rigor required to satisfy these demands, and plenty of them fail to support stronger collaboration between departments like Finance & Risk. Initially, this might have been invulnerable. Though data is the mainstay of both risk and finance, the two sections have factually consumed and outputted it very inversely.
According to a fresh research done by the Global Association of Risk Professionals and SAS, less than half of the managers surveyed said their financial institutions know-how on data management was satisfactory or week. For organizations that has dearth of this know-how, they are being deprived of understandings that we feel could help them enhance business decisions and, in many cases, can leave them open to additional regulatory examination. The risk and finance functions will play a very important role in determining and solving these deficiencies.
By focusing on the four key components of data management, banks/financial institutions can improve their data management capabilities across the organization as well as among the risk and finance teams. Below we discuss specific recommended activities related to each component in more detail.
“The Bank is associated with M/S Nelito since 2002. M/S Nelito Systems Ltd has been our CBS vendor since 2009. The Products, quality of service offered by them are excellent. They have a very good support team and are trained enough for handling any type of situation.”
“Good & Co-operative.”
“We appreciate your local team who continuously supported & assisted our team to meet the goal.”
Knowledge and service provided to the bank is beyond expectation. And we would definitely engage and recommend solution to others .
Bank has implemented CBS of Nelito Ltd in the year 2008-09 in phase manner. Also integrated RTGS/NEFT, CTS, MMS etc which help us in smooth automation of banking operation.
Experience during development of Rating Engine Module has been good in the context of commitment to meet timelines & lot of hard work has been put by Nelito's team.
Everything was successfully implemented and tested. The implementation was professionally done in a very efficient and cooperative manner. Migration was very smooth.
Nelito and its team has always been supportive and efficient in achieving the tasks set up by the Dept. Apps developed by the software engineers for the Public Health Dept have proved to be excellent among the top competitors and have been acclaimed for its effective service delivery to the end user at the grass root level which is the foremost object of any Govt organization. Many thanks for the sincere efforts.
"We appreciate Nelito team who were always on time and responsive to our needs and changing ideas. They worked efficiently from the project inception to its completion in a timely and professional manner. Their understanding of this space has been invaluable to the success and launch of 'PMAY CLSS' app."