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Ascent
Overview

Global leader in Enterprise
Solutions for Financial
Technology, Risk Management &
Business Continuity Sol...
Ascent Offerings
Software

Consulting

Services

Services

Copyright © 2013 Ascent – Confidential & Proprietary Informatio...
Business Continuity Management

3
Copyright © 2013 Ascent – Confidential & Proprietary Information
Ascent BCM Competencies
Services

Products

BC and CM integrated software application
BCM Workshop Facilitation & Training...
BCM Knowledge
Management

Services Without Relational Tools

Consulting
 BCM Program
BIA

deployment
 BCM Policy

Facili...
Ascent BCM Software

6
Copyright © 2013 Ascent – Confidential & Proprietary Information
BCM Knowledge
Management

Services With Relational Tools
BCM Software
 BIA Reports for all Process in each Business Area
...
Our Approach & Methodology
Step 1 – Data Collection, Preparation and Business Continuity Workshop – Requires Access to
Res...
Ascent Software Functionalities
The application delivers the following full life-cycle of BCM activities:


System config...
BCM Programme Benefits
Enables BC response capability within the business area
Recovery strategies will be based on known/...
Enterprise Reconciliation System

11
Copyright © 2013 Ascent – Confidential & Proprietary Information
• ‘Not-On-Us’ ATM
Transactions
• ‘Remote-On-Us’ ATM
Transactions

• Cash in ATM
• Bank vs. POS

Copyright © 2013 Ascent – ...
Scenario based automated transaction
matching to detect the matched & un-matched
transactions by reporting/indicating poss...
Reconciliation Process Overview
Straight Through
Processing

Multiple Currencies

Downstream
Integration

Compliance

Real...
Ascent Recon Solution Features
Ascent Recon is a Real-Time, Powerful reconciliation solution which provides end-to-end ent...
Ascent Recon Solution Features
Data Pre-Processing
• Configurable Integration with the
upstream systems for transaction
da...
ATM Reconciliations
On-Us

Not-On-Us

Remote-On-Us

Reconciling ‘On-Us’ ATM transactions involve a 3-way reconciliation be...
Reconciliation Solution Architecture
Ascent Recon Banking
Exception Management

Configuration Manager

Data Pre-Processing...
Our Clients

Copyright © 2013 Ascent – Confidential & Proprietary Information
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Ascent overview deck_sep_25_2013

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Ascent overview deck_sep_25_2013

  1. 1. Ascent Overview Global leader in Enterprise Solutions for Financial Technology, Risk Management & Business Continuity Solutions Business Continuity & Risk Management Boston Dubai Financial Technology Solutions Pune Sydney Services Headquarters Sales & Consulting 1 Copyright © 2013 Ascent – Confidential & Proprietary Information
  2. 2. Ascent Offerings Software Consulting Services Services Copyright © 2013 Ascent – Confidential & Proprietary Information  Enterprise Risk Management  Enterprise Reconciliation System  Anti Money Laundering Executive Reporting System  IT Audit & Security  Managed Services Outsourcing  Financial Technology Solutions Business Continuity Management System  Business Continuity & Risk Management  Consulting, Staffing & Training 2
  3. 3. Business Continuity Management 3 Copyright © 2013 Ascent – Confidential & Proprietary Information
  4. 4. Ascent BCM Competencies Services Products BC and CM integrated software application BCM Workshop Facilitation & Training Optional offshore IT Disaster Recovery for BCM Consulting Services hosted applications BCM Outsourcing Services Risk Management Application Integrated Risk Management and Business Information Security & Audits Continuity Management 4 Copyright © 2013 Ascent – Confidential & Proprietary Information
  5. 5. BCM Knowledge Management Services Without Relational Tools Consulting  BCM Program BIA deployment  BCM Policy Facilitator / BC Coordinator BCS BC Workshop Facilitation  Gap Analysis  ISO 22301 Business line reps and Subject Matter Experts BCP  Crisis Management  IT DR Set up Data 5 Copyright © 2013 Ascent – Confidential & Proprietary Information
  6. 6. Ascent BCM Software 6 Copyright © 2013 Ascent – Confidential & Proprietary Information
  7. 7. BCM Knowledge Management Services With Relational Tools BCM Software  BIA Reports for all Process in each Business Area BIA  Dependency Reports based on ALL BIA activities  Business Requirements for all Resources, e.g.: Facilitator / BC Coordinator  Software Tool Testing Docs Alternate Operating Locations Internal Supply Chains  BC Workshop Facilitation   BCS IT Resources External Supply Chains  Business Continuity Plans for all critical Areas  Test Plans for all critical Business Areas  Test Reports for all critical Business Areas  Crisis Management Plan for Senior Executive  Facilitation of initial Crisis Management exercise Insights 7 Copyright © 2013 Ascent – Confidential & Proprietary Information
  8. 8. Our Approach & Methodology Step 1 – Data Collection, Preparation and Business Continuity Workshop – Requires Access to Resource Owners, Product Managers and Subject Matter Experts ISO 22301 (Global BCM Standard) Business Disruption Risk Universe Proven BCM Practices Scope Organisation Key Offerings Mitigation Treatment List Business Criticality Metrics Workshop + Follow-Up (2 Days) 1. Analyse business resilience of Key Offerings 2. Identify Gaps in Resource Recovery Capability 3. Identify Remediation Options Step 2 – Reporting and Remediation Road Map – Requires Access to Product Managers, Subject Matter Experts and Resource Owners Workshop Results Current Resource Recovery Capability Proposed Business Continuity Requirements Remediation Roadmap Legend Provided by BCM Consultant Provided by Organisation Provided by Resource Owners, e.g. IT Existing BCP - review and update Provided by BCM Consultant and Organisation 8 Copyright © 2013 Ascent – Confidential & Proprietary Information
  9. 9. Ascent Software Functionalities The application delivers the following full life-cycle of BCM activities:  System configuration and reference data maintenance  Business Impact Analysis  BC Plan creation and generation  BC Plan Testing and Reporting  Management Review and Approval  Enterprise Reporting and analysis  BCM Programme Governance  Event Management / Plan Activation  Document Repository for Approved BCM documents  Can be customised to interface with your existing corporate data sources to minimise data maintenance effort  Integrated document repository contains all approved documents from the BCM lifecycle  Scales well from the smallest to the largest organisation – from a single user to an unlimited number of system users  Supports a “five minutes a month” user interest level but obtains maximum results  All data is exportable (as XML) for use in other management information systems 9 Copyright © 2013 Ascent – Confidential & Proprietary Information
  10. 10. BCM Programme Benefits Enables BC response capability within the business area Recovery strategies will be based on known/evident capabilities Effectively meets typical organisation-related BCM Challenges Enforces Review and Approval for key planning documents Provides immediate access to many informational reports at the click of a button Increase in BCM Programme quality as the BCM methodology is applied consistently Reduces governance and audit efforts Enables an executive overview of the BCM programme Simplifies attestations to stakeholders as a clear view of BCM programme status exists Removes the need for business owners to become BCM specialists Removes the need for IT management of the solution Crisis management can be commenced immediately a disruption occurs Increases confidence regarding organisational resilience capability Able to quickly and accurately aggregate data into information – on an enterprise level Crisis Management logging and reporting is more efficient and effective Provides visibility of decision-making process for real event responses Provides bona-fide evidence for insurance claims Gaps between BCM resource requirements and resource availability immediately known Enables real time activation and status tracking regardless of operating location Mobile devices are included in Ascent’s development roadmap Copyright © 2013 Ascent – Confidential & Proprietary Information 10
  11. 11. Enterprise Reconciliation System 11 Copyright © 2013 Ascent – Confidential & Proprietary Information
  12. 12. • ‘Not-On-Us’ ATM Transactions • ‘Remote-On-Us’ ATM Transactions • Cash in ATM • Bank vs. POS Copyright © 2013 Ascent – Confidential & Proprietary Information • Trade: Reconciliation between trading systems, settlement systems, Pre-settlement open trades and various counterparties/custodians • Cash: Cash balances , statements (SWIFT) from counterparties, Cash item , client accounts and Net settlement value • Asset: Asset classes , Depot account , internal books, custodians General Ledger ATM • ‘On-Us’ ATM transactions Securities Overview- Type of Reconciliations • Cash: Cash sales, Bank Statements, Cash Deposit • Credit Card: Transaction on POS ,Bank Statements, Commissions • Others: Bank transactions with Bank statements, POS collections, Internal systems, AP & AR and General Ledger 12
  13. 13. Scenario based automated transaction matching to detect the matched & un-matched transactions by reporting/indicating possible exceptions. Tunable transaction matching algorithm for better performance SLA based matching. Exception Management Recon type includes ATM, Card, Nostro, Issuer/Acquirer, UAE CB FTS, WPS & E-Guarantee etc UI based configurable matching rules which incorporate complex business intelligence. Fully integrated Configurable online management of exceptions summary, balances and details transactions with drilldown capability Managed Services Configurable data structure template creation for processing of transactional data with heterogeneous structure from various upstream systems Harmonization of the transactional Data from various Up-Stream Systems which involves validations, enrichment, transformations, deduplication etc Reconciliation System Integration with the upstream systems for transaction data input Data Pre-Processing Enterprise Integration End to End Recon – Software & Services Exception Handling Real-time capability of Break resolution like manual matching, manual un-matching and write-offs Cancelled and corrected transactions are processed in real-time. Flexible workflow management Configurable Enterprise Reporting & Dashboards Pre-Canned template Based Schedule report generation & event based publishing Standard operational and performance reports will be configured Copyright © 2013 Ascent – Confidential & Proprietary Information Downstream Integration Business users access through authorizations and RBAC Enterprise Reporting & Dashboards RBAC & Workflow Recon Solution and Services Write-offs, resolved /unresolved exceptions update to various downstream systems like GL. Of various reconciliations that needs to be handled manually Transaction processing
  14. 14. Reconciliation Process Overview Straight Through Processing Multiple Currencies Downstream Integration Compliance Real Time Reconciliation & Exception Management Various File Formats Manual / Proprietary Software Sustainable Enterprise Reconciliation Platform Ascent - Recon Role Based Access Control & Workflow Unsustainable Heterogeneous Systems Data Mismatch with 3rd Party Inconsistent Reference Data Copyright © 2013 Ascent – Confidential & Proprietary Information Enterprise Reports Intelligent Algorithm – Accurate & Fast Alert & Escalation Mgr 15
  15. 15. Ascent Recon Solution Features Ascent Recon is a Real-Time, Powerful reconciliation solution which provides end-to-end enterprise wide scalable solution to manage reconciliation and handle exceptions for complex business processes. It can be readily customizable for any business process and can easily integrates with almost any enterprise’s up-stream systems for the transactional feed. Ascent recon is designed to offer highest level of automation, featuring multiple match rules, rules driven exception processing and automated followups to eliminate unnecessary manual effort and reduce errors, risk and exposure. Streamline reconciliation activities, removing the need for manual entries at different environments including paper and spreadsheets. Ascent Recon also offers Traditional On-Premise implementation, which provides the ability to supervise and manage the process by the users in their own secure environment. The solution improves operational efficiency and visibility while reducing operational risk and ongoing operational costs. It is easy to deploy and use for various business sectors like Banking, hedge funds, investment managers, prime brokers, broker/dealers and custodians, Retail and Telecom. It is ready to use as is highly configurable, no development effort is needed as all customization is done through rich web based UI. It can be seamlessly integrated in to the existing enterprise wide transaction management solutions and post trade processes. Ascent Recon solution’s innovative high performing matching algorithms incorporates Artificial Business Intelligence to deliver intelligent matching and exceptional volume performance. It provides business users with a platform to work only on valid exceptions through exceptions resolution workflow thereby ensuring timely and accurate break resolution. Copyright © 2013 Ascent – Confidential & Proprietary Information 16
  16. 16. Ascent Recon Solution Features Data Pre-Processing • Configurable Integration with the upstream systems for transaction data input. Reconciliation Engine Exception Management Escalation Management • Configurable matching rules, matching groups provides easy usability and flexibility to incorporate complex human intelligence to the recon engine processing. • Facility to the business users to change the matching rules through UI with virtually no IT support, which enables to bridge the gap between business users and IT support. • Rule based automated transaction matching, virtually supports any complex business rule • Configurable transaction matching algorithm for better performance tuning and matching • Capable of reconciling any data type against any other data type. • Fully integrated Configurable online management of exceptions summary, balances and details transactions with drilldown capability. • Real-time capability of Break resolution like manual matching, manual un-matching and write-offs • Cancelled and corrected transactions are processed in realtime. • Configurable and flexible workflow management. • Escalation Manager feature identifies the age of the exceptions and items are identified, tracked and highlighted showing their overdue, responsible person and critical dates using configurable rules. The age of items is then utilized by the delivered dashboards to help quickly identify risk associated with the length of time an item has been on the system. RESEAR CH • Platform is business ready to preprocess and store varied formats of SERVICE data files. S • The ability to Profile, Validate, Enrich, Transform and Mask the data to make it ready for the reconciliation. RISK MANAGEME SERVICES Role Based Access Control & Downstream Integration Configurable Enterprise Reporting Copyright © 2013 Ascent – Confidential & Proprietary Information 17
  17. 17. ATM Reconciliations On-Us Not-On-Us Remote-On-Us Reconciling ‘On-Us’ ATM transactions involve a 3-way reconciliation between ATM EJ (electronic journals) files, ATM Network Switches and the host general ledger i.e. cash Dr. / Cr. as per ATM account. Reconciling ‘Not-On-Us’ transactions involve two reconciliations tasks. One reconciliation is performed at the occurrence of the ATM transaction by a customer of other bank, which is 4-way reconciliation between Acquirer bank’s host system ATM account, ATM EJ files (electronic journals), ATM network switch and NFS switch which approves the fund withdrawal from the ATM. The second reconciliation is performed on receiving the settlement advise(RTGS/DNS message) from the Issuer banks, which is a 2-way reconciliation between Acquirer bank’s settlement account with issuer banks settlement advice(RTGSDNS message). Reconciling ‘Remote-On-Us’ transactions involve 4-way reconciliation between Issuer Bank’s host general ledger, Issuer switch, NFS network switch and the payment order(RTGSDNS message). Cash in ATM This reconciliation validates ATM cash, switch cash balances and physical cash so that the entire ATM machine is balanced taking into consideration what was last loaded, less what was dispensed to customers, less what remains, including reject. Reconciliation also analyzes cash transactions patterns of each ATM and helps in cash management and forecasting to determine the optimum order for each ATM, and to keep ATM cash at the minimum level needed to meet demand. Bank vs POS Reconciliation platform can handle various transactions other than ATM transactions like Online/Offline/PrePaid Debit Card transactions, Credit Card Transactions and Electronic Purse Card Transactions. Though the transactional life-cycle basically is similar to that of the Bank’s ATM transactions, the complexity gets multifold due to the presence of additional parties like merchant POS log, Settlement and POS Gateway provider Bank. Copyright © 2013 Ascent – Confidential & Proprietary Information 18
  18. 18. Reconciliation Solution Architecture Ascent Recon Banking Exception Management Configuration Manager Data Pre-Processing Exception Management Dashboard Recon DB Data Exception DB Enterprise Reports Matching Engine Downstream Updates Data Pre-Processing Configuration Data Pre-Processing Engine Staging DB Communication Backbone (MOM) Enterprise Integration Tool Host LOG Switch LOG CBS ATMs SWITCH POS Terminals Internet Banking Branch Host DB Host Bank Copyright © 2013 Ascent – Confidential & Proprietary Information Electronic Journal Host DB Non-CBS EJ LOG EJ Payment Gateway LOG Tie-Up Bank Switch LOG Tie-Up Bank Switch Issuer Bank Switch Interchanges MasterCard NFS Visa Other External Networks Consortium (Inter ISO) Cashtree BANCS 19
  19. 19. Our Clients Copyright © 2013 Ascent – Confidential & Proprietary Information

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