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Project Details

Country: India
Domain: Finance

Client Profile

The client is an Indian banking company incorporated in year 1997. Initially registered as a non-banking financial company later became a public financial institution. It has five subsidiaries.

The bank serves a diverse range of private and corporate customers in India that includes infrastructure sector, services to self-employed and rural areas.

Business Challenges

Considering the huge customer base and enormous data generated involving a wide range of data systems, the client company confronted numerous business challenges.

  • Multiple data sources and data formats with multiple file extensions
  • Erroneous as well as missing data in all the source files
  • No centralized data source
  • Same customer transaction capturing in multiple source systems
  • One of the biggest challenge due to multiple source systems is the daily reconciliation of transactions at organization level

Cygnet's Solution

Considering the above-mentioned challenges, technical and domain experts at Cygnet deployed a data converter utility.

  • Utility helped to convert data from multiple source systems into Cygnet format
  • Built logics and validations in the data convertor utility to calculate missing data such as:
    • Invoice Value
    • Taxable Value
    • HSN Code & Description

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