Improving Forward Contracts for a Bank

Background

A large private bank was experiencing many issues in the Foreign Exchange Business. Identified improvement areas included: Reduction in process hand-offs, Creation of a robust process and Reduction in Operational, Financial, Market and Regulatory Risks. The market for foreign exchange being very competitive, the bank had a need to critically review its current process in order to scale the business in a way that minimized errors and resultant risks.

Optimizing Resources for Banking Operations

Background

A private bank looking at up scaling operations engaged Parikar to carry out a study of productivity across its branches and make recommendations to optimize staffing. Parikar's team rigorously analysed a time series of observations for branches, computed staffing requirements at different points in time during a work day. It is estimated that up to 15% of the present staff can be re-deployed in new branches, reducing spend on new manpower and significantly shortening the learning curve for new branch personnel.