Finance back office in a box for a startup bank in the US

Delivered​

• A significant data exercise with proof of rules to prove the Finray product

• Creation of a finance warehouse that includes all customer account data including deposits, loans and card services extracted from FiServ​

• All source, master and reference data validated​

• Daily P&L and Balance Sheet​

• Project time: 3 months

• Project cost: $225K​

• Business requirements for automation of finance processes (phase 2) collected​

• Embedded ad-hoc reporting capabilities delivered​​

Supporting functional architecture

• A pre-defined common, retail banking data model​

• Normalized transactional, master, and reference data across all retail product types​

• Environment able to be maintained 100% by finance staff without IT support for configuration and use​

Finray approach

• Start with a pain point (every FS firm finance function has them)​

• Deliver credibly and quickly​

• Identify the road map for further improvement​

• Repeat​