Looking to expand their presence in Asia, the organisation required a platform to conduct a review of potential sub-custodians.
The desire was to move away from email correspondence and flat file analysis for RFPs to a platform that captured the entire questionnaire and response history and held related documents and proposed rate-cards in context.
Solution
As part of the MYRIAD implementation, the PERFORMANCE module was leveraged to model the RFPs using the Client’s own criteria and to securely publish out to 5 different providers across 5 markets.
MYRIAD was used to forecast activity volumes, compare responses across providers and analyse the group benefits across multiple markets, determining not only the best provider for each market, but also the most commercially beneficial arrangement.
Results
The structural and analytical capabilities afforded by the PERFORMANCE module supported the Client in achieving multiple million USD savings.
