Rapid Regulatory Response

VALUE PROPOSITION
The bank was required to migrate all IBOR affected facilities that were maturing beyond a given date
A review of hundreds of thousands of documents from multiple business units was required to create a complete picture of the facilities impacted by IBOR
Heavy reliance on on-premise applications and bespoke spreadsheets limited the bank’s ability to identify all affected facilities without extensive manual labour
Fragmentation was compounded by a lack of integration between on-premise systems in multiple jurisdictions, and the absence of workflows, dashboards and data pipes
BlackSwan Technologies is reinventing enterprise software through Agile Intelligence for the Enterprise – a fusion of data, artificial intelligence, and cloud technologies that provides unparalleled business value. Our multi-tiered enterprise offerings include the award-winning platform-as-a-service, ELEMENT™, which enables organizations to build enterprise AI applications at scale for any domain quickly and at a fraction of the cost of alternatives. BlackSwan and its global partners also provide industry-proven applications that are ready-made and fully customisable for rapid ROI. These offerings are generating billions of dollars in economic value through digital transformation at renowned global brands. The private company maintains gravity centers in the UK, Europe, Israel, the US, and Sri Lanka.