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Home > Case Studies > Financial Services > Mutual Funds Product Processors

Case Study: Mutual Funds Product Processors

Enabling a Fortune 50 financial institution go online with a broader range of mutual funds and robust customer service options
This project involved the development of a Mutual Fund product processor. The existing system could only handle proprietary Mutual Funds. The Mutual Fund product processor developed has the following features:
  • Handles both third party and proprietary mutual funds.
  • Handles Class A, B and C type of funds.
  • Handles various types of fees, such as entry and exit loads, management fees, trailer fees etc (Flexible charging module has been developed).
  • Handles bearer certificates and coupons.
  • Handles dividend payments.
  • Handles corporate actions such as mergers, transfers and switch.
  • Handles tax calculation.
  • Interface to Liability, Accounting, Customer relationship owner, Agent commission and Profitability systems built.
  • Socket based communication module for TCP/IP message servers and APPC LU 6.2 based communication module for IBM mainframes were developed for online interfaces.
  • Batch interface module also developed

Technology Used:

  • Application Development: Java, EJB, JSP, and C
  • Web Server: Web logic 5.1
  • Database: Oracle 8i
  • Operating System: Sun Solaris 2.7
 

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Mutual Funds Product Processors - liability system, customer retention, accounting system, treasury system, nav feeds