Primetech Systems Inc.

Financial Services



Like all industries, the financial services sector is in the midst of change. Key trends affecting this sector include: Regulatory pressures, especially in the areas of corporate governance and reporting. Compliance with Sarbanes Oxley (SOX) and FAS133/149 requirements are among the top initiatives among all major institutions. Also SEC investigations on mutual funds and other institutions is causing companies to focus on transparency. Technology: Financial services sector is the largest spender on IT. Improving risk management systems, especially in the areas of credit risk, has been key in recent months. Also, key challenge has been integrating disparate systems and taking advantage of online channels. In addition, IT outsourcing offers a mean to manage and reduce IT costs. Improving revenue and margins, especially in light of many online competitors Primetech can help you in your initiatives to meet the regulatory and technology challenges in the following areas: Trading and Risk Management Solutions Portfolio Management Systems Regulatory compliance – SOX, FAS 133/149 Systems Integration including data Mapping and Data Interchange Solutions Trading and Risk Management Solutions FAS 133 solutions Primetech Systems can help you develop systems for complying with FAS 133 regulations – the guidelines for Derivatives Accounting. We can develop an Effectiveness Analytics Module for tracking and measuring Hedge Effectiveness. Our framework involves robust reporting tools ensuring they need your reporting needs. Our guiding principles: Seamlessly integrate FAS 133 system with exiting Risk Management System FAS 133 system should accurately monitor hedge effectiveness FAS 133 system should foster compliance FAS 133 system should have strong reporting and documentation capabilities Work closely with the client accounting professionals for understanding the client compliance needs Utilization of our PrimeComponent methodology. We can cover the entire systems development life cycle from functional requirements analysis to post-implementation support. Integration/ Interface Design and Development Primetech Systems can help you develop interfaces to integrate your Trading and Risk Management Systems to FAS 133 modules Other Portfolio Management Systems Market Data Sources (Ex: Bloomberg, Reuters) ERPs Spreadsheets, etc. We cover the entire systems development life cycle from functional requirements analysis to post-implementation support. Systems integration, including data mapping and data interchange Systems integration allows companies to leverage best-of-breed software and develop cutting-edge eCommerce solutions, while they extend the life of their existing information technology systems. It facilitates fast, seamless communication among an organization's systems, as well as those of its suppliers, partners and customers. Systems integration can also help reduce costs, increase operational efficiencies, expedite time to market, and improve return on information technology investments. Primetech can help you integrate your various applications to ensure you maximize your investments in IT. Most of project assignments involve some form of application integration. Our Systems Integration, or SI, Approach involves middleware. An SI architecture allows business applications on disparate platforms to work together efficiently, in near real-time. SI integration methods enable the sharing of data and business processes across technically unrelated systems and applications Our SI approach involves extensive use of middleware technologies, such as XML, XSLT, TIBCO, etc. Ex: Security Information Repository System This system housed various security data including Corp-Bonds, Money Markets, Munis, Governments, ABS, MBS, Equity from Mainframe, Spreadsheets, Bloomberg etc.