Transformation Overview
A leading Indian financial institution sought to modernize its Constituent Subsidiary General Ledger (CSGL) operations to address operational inefficiencies and enhance risk management. Partnering with Intellect, the bank implemented the eMACH.ai Treasury solution, a fully integrated platform featuring end-to-end automation for deal booking, settlement, corporate actions, and reconciliation. The transformation provided seamless connectivity with core internal systems and external platforms like NDS-OM and CCIL, alongside a dynamic interface for real-time trading and compliance validation. The solution was successfully deployed within just 8 months.
Business Impact
The implementation delivered significant operational and strategic advancements:
- Efficiency Gains: Achieved a 98% straight-through processing (STP) rate, ensuring near-total automation of transactions
- Risk Reduction: Realized a 96% reduction in operational risk by eliminating manual process vulnerabilities
- Operational Excellence: Complete automation of the CSGL module successfully removed manual interventions
- Compliance & Satisfaction: Mitigated regulatory liabilities through real-time validation and achieved 100% customer satisfaction
