The Regional hub provides 3 levels of consolidation namely 1) Application 2) Infrastructure 3) Operations, thereby reducing total cost of ownership and realizing efficiencies in a risk-mitigated implementation.

I-STAR/GV in the Regional Hub

I-STAR/GV can be centrally hosted on the Amazon Web Services (AWS) Cloud. Local data centers, as required by country-specific regulations, are used to facilitate the connectivity between the market and I-STAR/GV on the AWS cloud.

Key benefits of the I-STAR/GV Regional Hub

Multi-tenanted, Consolidated Regional Hub Hosted System

• Avoidance of duplication and inconsistency in data, due to reference data (security master and market price) being managed centrally and easily accessed by all the group entities
• Reduction of operational overheads and elimination of reconciliation breaks, through automation of error prone activities, for affiliate trades of inter-group companies
• Significant reduction in infrastructure and hardware maintenance overheads
• Avoidance of dealing with multiple vendors
• Reduction in overhead costs due to maintaining of similar products and systems in multiple offices
• Reduction in managed services costs due to the sharing of a common resource pool to handle the multi-tenanted consolidated deployment
• Ease of implementation of group-wide operational and compliance policies in a single application
• Lower training costs, and sharing of operational resources across business verticals

Centrally Managed Services and Support

• 24x5 system support provided from a consolidated support center in India
• Cost effective, but well-regulated, Operations teams with secure access operate the system from remote outsourced location(s)
• Local offices retain supervisory roles, providing dashboard-enabled oversight and workflow-based authorizations
• Where required, NRI local offices manage L1 support and escalation

Operational Advantages

• Exposure / positions in multiple asset classes and products can be accessed, as well as monitored from a single system, enabling better risk management
• Rule-based STP enabled system, with rich dashboard for handling alerts and exception management
• Global solution capable of handling multi-currency and cross-border settlement
• Ready support for SWIFT (ISO 15022 and 22022 standards) and local protocols

Remote Access and Operations Outsourcing

• Secured access, compliant to OWASP, data security and data encryption standards
• Application supports role-based access control for segregation of non-critical and critical actions
• Configurable action-based authorization (Maker- Checker) setup
• Enables operations to be managed from a centralized off-shore cost efficient location

NRI Advantages

• Ready market connectivity in Japan, Australia, Thailand, Hong Kong, Singapore (Q4 2018), Sri Lanka, Mongolia
• 24x5 local support model providing L1 support in local language, where required
• Quality managed service / L2 support from offshore
• Strong pool of industry and market experts / consultants
• Proven data migration and transition expertise for risk mitigated system transition
• Long, credible track record of providing ASP service from centrally hosted multi-tenanted deployments