About Client

Our client is the India-based Global Capability Center (GCC) of a leading multinational bank. As part of its strategic growth initiatives, the GCC was tasked with launching a new currency trading broking business while ensuring full compliance with regulatory mandates and maintaining delivery velocity across internal IT projects.

Business Need

To support the timely launch of its broking platform and strengthen internal delivery capacity, the client required a two-pronged solution: a regulatory-compliant trading system and rapid deployment of skilled engineering talent.
Key needs included:

• Regulatory compliance with SEBI and exchange mandates, including reporting, audit trails, and data integrity.
• Rapid access to experienced technical resources to support and scale internal projects without lengthy hiring cycles.

Business Challenge

Several structural gaps hampered successful execution. The client relied on outdated tools and lacked the internal capacity to deliver on new mandates. These included:

• Audit deficiency and operational risk due to manual, Excel-based processes.
• Urgent go-to-market timeline to launch the broking business under regulatory deadlines.
• Delivery bottlenecks caused by skill gaps in ongoing GCC IT initiatives.

Business Solution

NuSummit partnered with the GCC to deliver the platform and people needed for rapid compliance and sustained delivery.
The engagement consisted of two integrated tracks:

Clearing and Settlement Platform

NuSummit  designed and deployed a secure, automated solution with embedded compliance features to meet regulatory demands.

This included:

• A core clearing and settlement platform aligned with SEBI and exchange requirements.
• Integrated audit logging, automated accounting entries, and Flex system connectivity.

A two-phase delivery model:

• Phase 1: Core platform deployment.
• Phase 2: Custom development for regulatory reporting and accounting integration.

Resource Augmentation

To close immediate talent gaps, NuSummit deployed a dedicated technical team.

This approach provided:

• Four key engineers placed on-site within the GCC.
• Seamless alignment with the client’s project governance framework.
• Long-term continuity, domain retention, and faster execution of internal initiatives.

Tech Stack

NuSummit implemented a compliant high-performance technology foundation to support both operational and regulatory objectives.

The architecture included:

• Platform: Custom-built clearing and settlement engine.
• Core Features: Audit logging, role-based access controls, accounting.
• Integration: Flex system and SEBI-compliant reporting modules.
• Delivery Model: Hybrid support model integrating platform and personnel.

Business Impact

The solution delivered results quickly, positioning the client to meet its regulatory and business goals with confidence.
Highlights include:

• Achieved compliance in 60 days, enabling the broking platform to launch on schedule.
• Manual processes replaced with secure, automated workflows.
• Enhanced accuracy, governance, and processing speed.
• Accelerated delivery across multiple internal initiatives.
• Ongoing engagement with NuSummit via AMC and enhancement cycles.

Client Outcomes

The engagement created lasting value by improving regulatory posture and operational readiness.

Tangible outcomes included:

• Successful and timely launch of exchange broking operations
• Fully compliant, audit-ready system architecture
• Improved velocity and delivery of GCC IT projects
• Sustained partnership via AMC and enhancement cycles