Success stories

Smooth IFRS9-driven patch upgrade

SkySparc supported hedge accounting efficiency for Telia, with automated testing of an upgrade to its ASP-based TMS. Read more

Increased security and efficiency

A rolling program implemented by SkySparc has increased patch upgrade frequency, thus reducing timelines and risks for the Dutch State Treasury Agency. Read more

Operational stability delivered on budget, on time

SkySparc provided onsite support to help this central bank implement a back-up site for its business-critical systems, as part of a major failover program. Our consulting expertise enabled the client to replicate treasury management system functionality remotely, following a smooth, timely and efficient testing phase. Read more

Painless patch upgrades

We assisted this savings and mortgage provider to manage an upgrade efficiently, re-purposing scripts and test cases from their earlier upgrade and automating the systems integration and user acceptance testing using OmniFi. Read more

End-to-end upgrade support

We were appointed sole advisor for this asset manager’s upgrade. We were responsible for data migration and quality assurance and assisted in other areas such as interface building and various configuration tasks. Read more

Quality upgrade assured

SkySparc provided comprehensive quality assurance services to a leading EURO central bank during their upgrade project. The requirement included a solution for thorough and effective testing of all migrated data. Read more

Data quality improved

A systems upgrade provided the opportunity to thoroughly cleanse legacy data and improve performance for SEB Pank Estonia.
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Archiving costs reduced, accessibility enhanced

Our client needed to maintain access to archived data without the need to retain costly legacy systems. Our solution uses OmniFi to access both archived and live data.

Success stories

IBOR migration

Over the past 12-18 months, SkySparc has been working with clients across many impacted sectors – central banks, banks, asset managers and corporate treasuries – to ensure a smooth, robust and compliant migration. We have developed a customizable methodology that combines in-depth process management expertise with high levels of automation, leveraging OmniFi. Read more

MiFID II-compliant bond trading

For the Dutch asset manager, SPF Beheer, SkySparc delivered MiFID II-compliant automated bond-trading capabilities on-time and on-budget. Read more

Valuations solution reduces funding costs

This award-winning solution enabled Toyota Financial Services to achieve a best-practice valuations process, make use of more structured financing options and reduce their funding costs. Read more

Enhanced risk reporting through automation

We helped a central bank’s risk department to automate operational risk reports, thereby improving quality and timeliness, enabling staff to focus on providing value-added analysis and commentary. SkySparc consultants then trained client staff to design and create customised reports for encrypted distribution, using OmniFi’s report-building capabilities. Read more

Risk reporting

This large multinational corporate treasury wanted to automate its risk reporting. We built and implemented automated, scheduled reporting for mark-to-market, multi-entity daily liquidity positions, counterparty exposures, FX exposures and other key reports for easy distribution by email and via their in-house portal.

EMIR reporting

SkySparc designed and implemented a solution to automate mandatory reporting to the REGIS-TR trade repository for this asset manager’s EMIR reporting requirements.

Basel III

We also assisted a major European bank with its Basel III reporting, and extended the use of data held in the accounting module of its treasury management system. Read more

Solvency II reporting

For our insurance client, If, we provided an automated, flexible solution to extract and send risk management data from its treasury management system to a data warehouse, thus simplifying their Solvency II reporting. Read more

Deeper insight into performance data

We automated reconciliation of performance data between If's treasury management and investment accounting systems, giving managers deeper insights into key performance data. Read more

Success stories

Reuse, reduce, recycle

The test automation expertise of SkySparc's consultants was instrumental to this central banking client's vision to increase the capacity, speed and quality of testing capabilities.

Automated testing and reconciliation challenge

SkySparc consultants developed a prototype routine to test a new TMS/GL interface, then monitor and reconcile entries across the platforms, for a US-based corporate client. Read more

Re-engineering reporting

A corporate treasury has complex reporting requirements to multiple subsidiaries. We re-engineered their key reports. First, we carefully analyzed their existing manual process to identify inefficiencies. Then we automated the streamlined process, improving overall quality and reducing administrative work – leaving more time for acting on the data. Read more

Eliminating manual processing across key business processes

Toyota Financial Services can now run key repetitive processes automatically, without manual work. Read more

System review methodology

Our system review methodology has helped clients to improve and future-proof operational performance and guard against operational risk. This three-stage methodology analyzes and benchmarks the performance of your system – and then recommends and implements enhancements. Read more

Benchmarking measures operational performance and tests future resilience

SkySparc was asked to undertake a detailed system review for one of the world’s largest central banks. We benchmarked performance and highlighted the enhancements needed to future-proof the system and reduce operational risk. Read more

Automated reconciliation for deeper insight into performance data

Automating the reconciliation process improved the transparency of key data as well as the accuracy and speed of the process for IF insurance company’s accounting department. Read more

Daily data transfer required for collateral management outsourcing

Our client wanted to outsource collateral management for OTC derivatives but needed an automated solution for daily transfer of large volumes of transaction data. We automated this complex process using OmniFi. Read more

Reporting automated

As part of a portfolio management system upgrade, we re-engineered this asset management client's reporting processes. Our client now uses OmniFi to automate all its reporting needs.

Success stories

Automated liquidity management solution

SkySparc proposed an automated data enrichment solution to support liquidity management optimization for global corporate client. Read more

Supporting the business case for outsourcing

SkySparc has provided a range of services to this Swedish bank as it has pursued a strategic choice to outsource the vast proportion of its technology needs. Read more

Interface automates data exchange to deliver a business-critical solution

We used OmniFi to extract complex data from Wallstreet Suite and re-map it to Numerix Portfolio, delivering an award-winning valuations solution. Read more

A seamless process for covered bonds

We built an automated process for managing covered bond transactions associated with this client’s mortgage business. Our solution uses OmniFi to import the data from the mortgage system, copy it between portfolios and export transactions and market rates to our client’s data warehouse in a seamless overnight process.

An end to manual upload

This bank was manually uploading files of OTC derivatives trade data to complete mandatory reporting to its trade repository. Our solution extracts the data, configures the report to the required format and uploads it, saving time and reducing errors.

Dynamic data collection

This pension company’s risk management team wanted to access data for analysis directly from its core MATLAB application. We used OmniFi to provide an automated, cost effective solution. Read more

Central bank reporting automated

We also developed a new interface for automating monthly central bank reporting as part of this pensions company’s portfolio management system upgrade.

Interface was key to outsourcing collateral management

Our client wanted to outsource collateral management of OTC derivatives. Our interface was fast - and flexible enough to accommodate changes to specifications and instruments. Read more

Success stories

A comprehensive data archiving solution to Finnish local government pension institution Keva

Keva had migrated to a new treasury system some years ago and needed easy access to its historical data in Finance KIT 6.5. The archiving solution covered static, transaction and market data going back to 1994. The project drawn upon the experience of SkySparc consultants in articulating and documenting requirement specifications, a strong methodology developed by SkySparc to handle high data volumes, and OmniFi’s testing, reporting and workflow management capabilities.

Archiving project for US-based corporate

For a longstanding corporate treasury client, SkySparc provided a tailored data archiving solution.

Central bank system migration

A large Eurosystem central bank relied on SkySparc consulting support at multiple stages during its transition to a new platform.

Corporate treasury archiving support

Onsite and offsite consulting support from SkySparc enabled Hydro, the Norwegian aluminium and renewable energy company, to archive data efficiently following migration to a new treasury management system. SkySparc consultants partnered with in-house staff to deliver on schedule and on budget a tailored solution using OmniFi to format and transform data from Wallstreet Suite ASP to an internal data warehouse solution.

We were impressed with SkySparc’s expertise in developing a tailored and flexible archiving solution and delighted with the overall efficiency of the project.

Maija Sarlomo, Head of Investment Performance and Risk Control, Keva