May 08, 2023
No image
Effective Interest Rate Calculator for EY
Completed

Effective Interest Rate Calculator for EY

$50,000+
4-6 months
Romania
6-9
view project
Service categories
Service Lines
Big Data
Software Development
Design
Domain focus
Banking & Financial Services

Challenge

EY experts developed a comprehensive methodology to take the necessary information and produce the monthly EIR reports. The solution proved hard to scale. EY partnered with Atta Systems to develop a platform that automates the reporting task.
EY experts developed a comprehensive methodology to take the necessary information and produce the monthly EIR reports. The solution proved hard to scale. EY partnered with Atta Systems to develop a platform that automates the reporting task.

Solution

We built a system that connects to a bank’s data sources, processes the required data and produces the EIR reports: 5 aggregated reports for the whole client portfolio and several individual reports (for each client in the portfolio). Reports can be viewed online in the web platform or downloaded to usual exportable formats (csv, xls). The system is designed to be deployed on a bank’s infrastructure and to leverage the existing data source and directory services (LDAP). We helped with: user management & audit, product design (efficiently display the right data at the right time), proper usability, data flow between the banks' database and our databases.

Results

The proposed solution works as a web platform that helps the bank specialists run monthly effective interest rate calculations on their portfolio (for clients that contracted a credit with the bank). The platform is able to manage €5 billion+ for more than 500k+ bank clients.
The proposed solution works as a web platform that helps the bank specialists run monthly effective interest rate calculations on their portfolio (for clients that contracted a credit with the bank). The platform is able to manage €5 billion+ for more than 500k+ bank clients.