TAM revamp achieves T+1 compliance for leading Canadian bank

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.

Book a demo

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.

Genesis Primary Bond Issuance (PBI) application

Highlights

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

Book a demo

Tight relationship

This was Genesis’s very first client back in 2018. Its successful creation of a proprietary application validated our vision and was testament to the platform’s power and versatility.

Proof-of-concept phase

Genesis has since helped update its solution, suggesting multiple ways to improve the system architecture and refactor the code to boost the tool’s performance and scalability.

Smooth integration

We had a robust relationship with our client from the get-go and developed a hybrid working model with both in-house and Genesis developers working together on the project, with knowledge transfers back and forth

The Benefits

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

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.