FinXL is known for delivering high-value ICT services and solutions and was established in 2003 by the Finite Group. FinXL provides ICT Professional Services to a diverse range of medium to large enterprises and Government organisations, including many ASX 200 corporations. FinXL has a national presence with offices in six states/territories and has also expanded internationally with two established offices in NZ, securing many major Customer wins, with others in the pipeline.

FinXL developed an initiative to tackle a key component of the technology challenges faced by the banking and finance sector. The initiative involved research and analysis to understand key technology trends and market challenges. This led to the development of a highly innovative offering that would be attractive to customers, requiring the ability to build teams that optimise delivery while minimising costs, flex teams to match demands and leverage industry and cross-industry knowledge.

The initiative included a training program, enabling a smooth transition of consultants to permanent roles and minimising costs using offshore and associate resources. FinXL partnered with a leading Australian Bank to deliver a “managed collateral” management platform. The bank managed its collateral information across many disparate legacy core systems, making it difficult to access and analyse.

The proposed innovative client solution, integrated with over 15 of their internal and external systems, provides a comprehensive view of end-to-end collateral management activity. FinXL deployed a team of practice leads, business SMEs, and a core development team, hybrid across onshore and offshore. The initiative has delivered significant benefits to the client. It has wider banking and finance sector potential as a successful case study in improving efficiency, reducing costs, and providing greater insight and control over collateral management activities.

Sean Duffy, Managing Director

For information about FinXL, visit finxl.com.au