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Case Study

TAM revamp achieves T+1 compliance for leading Canadian bank

The investment wing of a leading Canadian bank gets middle-office overhaul, with efficiency boost and multi-asset class automation

Client Challenge

Our client is the investment banking branch of a leading Canadian Bank.

The company needed help meeting upcoming regulations that cut the US settlement cycle to one day after trade date (T+1).

The bank’s trade allocation processes comprised disparate platforms and manual workflows, leading to an inefficient and error-prone system—which needed a full overhaul ahead of the deadline.

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Highlights

Our client was able to leverage Genesis’ industry expertise, detailed planning, and seamless execution throughout.

Tight relationship

Genesis offered its unique blend of industry expertise, team talent, and existing connections to develop a deep relationship with our client. A union built on trust, shared domain knowledge, and a common language

Proof-of-concept phase

A planned ‘Sprint Zero’ phase helped define key design decisions, outline requirements, and validate the project’s concept. Its successful execution served to shape and eventually kickstart the main project

Smooth integration

To preserve the value of existing investments and guarantee business continuity, Genesis made sure TAM interfaced seamlessly with the bank’s existing providers and internal systems

The Solution

During delivery, Genesis and the bank worked incredibly closely to make the process a success.

Our deeply cooperative and agile approach included regular updates, swift decision-making, and a shared working environment.

Our work with them is testament to our ability to build deep relationships with top-tier institutions and provide tailored solutions.

The Benefits

T+1 achieved within timeframe

  • Our client was given greater ability to meet regulatory requirements, including May ’24 T+1 deadline for trades to settle one day after execution

Centralized trade data aggregation

  • TAM’s ability to collate trades from multiple platforms into a single, unified view improved data consistency and accuracy

Boosted multi-asset class support

  • We are now collaboratively refining TAM’s capabilities to streamline trade management across diverse markets, making it easier to adapt to evolving client needs

Web-based solution

  • The TAM solution is now web-based, enabling faster updates and easier accessibility

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