Problem: Regulators were looking to fine bank potentially hundreds of millions of dollars for regulatory contraventions.
Solution: By bringing analytical expertise, and experience of dealing with the regulators, we were able to create an improved culture of trust and collaboration. This improved surveillance and has reduced the overall exposure of the bank.
Problem: Central bank was in need of upgraded analytical systems.
Solution: Raidne team provided subject matter expertise to undertake gap analysis, create upgrade strategy, implement, manage, oversee and deliver back for internal management.
Problem: Latency arbitrageurs were capitalising on sub-optimal connectivity .
Solution: We brought subject matter expertise to undertake quantitative review allowing us to identify and locate the source of trading losses. The implementation of a suite of upgrades and changed processes led to a seven figure per month trading performance improvement.
Problem: Growing demand for reductions in FX execution costs
Solution: By making SIREN available, the bank reported a saving of over $500 per million dollars in a single trade.