Solution sets

Ready-built applications and model based development shorten the time to market

Benefits

Efficient operation in complex environments
Rapid development of unique service to clients – by our clients or Coexis
Automated STP and STEP (straight through exceptions processing)
Integrated real-time work flow and monitoring
Step by step migration from legacy systems

Syn solutions share many powerful attributes to deliver high levels of performance that measure up to the real-time demands of your business.

What is STEP?

STEP or Straight Through Exception Processing is the resolution and management of exceptions without recourse to human intervention. The automated repair of exceptions is achieved by instigating interactions with other systems – both internal and external, including fetching reference data from central repositories as required to repair outstanding tasks and issues.

Total focus on exception management
Business process management - not just workflow
Incrementally scalable
Simplified operations
Multi product, multi market
Unique security approach
Engineered for true multi-client operation
Differentiated services

Solution sets	Products & Services	Principal features and benefits	Customer focus
Trade processing	SynMiddleOffice	Front to back solution for cross asset, multi-market transaction processing covering everything from post execution right through to general ledger posting. Delivers high STP /STEP and is easily configured to individual product and client requirements. Supports efficient operational structures including; operating service centres; remote operations and multiple geographies.	Institutional stockbrokers, global investment banks, prime brokers, third party clearers, agency clearers, custodians
	SynBackOffice
	SynLedger
Asset servicing	SynCorporateActions	Real-time, highly scalable solution for improving the gathering of data, the thorough accumulation of coherent positions and management of complex, corporate actions throughout their lifecycles. Scales to handle volume and complexity. Easy-to-use modelling of unique new processes per market.	Brokers, dealers, global custodians
Correspondent/ Clearing	SynMiddleOffice	True multi-client operations supporting secure segregation of client data while maximising efficiency from operations and services common across clients. Driven by a single transaction engine. Individually personalised menu of service per client. Scalability on a low-cost IT infrastructure supports the need to attract and retain clients.	Specialist clearers, global investment banks and custodians. Solutions are suitable for both oursourcing and insourcing.
	SynBackOffice
	SynLedger
On-line services	SynBroker	Browser-enabled for delivering services via the Internet. Clean, intuitive front end. Real-time back-end processing for rapidly updated results. Style sheets for quick customisation and white labelling. Small IT footprint and scalability. SaaS/ASP solution. SynBroker is a full multi-exchange and multi-CSD (Central Securities Depository) on-line broking solution with high STP, low brokerage risk, easy compliance and improved client servicing. SynFunds supports organisations involved in the distribution of open ended funds, such as Unit Trusts, OEICS and some hedge funds to extract efficiency and lower cost through bulk ordering and efficient management of charges and commissions.	On-line brokers and those delivering on-line client servicing and order management
On-line services	SynFunds		Agencies executing fund orders on behalf of their clients, funds supermarkets, buy side organisations, sell side fund managers
Clearing & CSD processing	SynClear	Manages the whole post-trade market infrastructure delivering efficiency, reduced risk and unprecedented flexibility and user control. Multi-language front-ends. Member-firm portals. Clearing and risk management, settlement, depository and registry management for an entire market. Fast adaptability to future market changes.	Exchanges, clearing houses, CSDs, global custodians and central registrars
Reference data	SynReference	Manages complex data interactions between transaction engines and central data sources. Automatic repair of exceptions (STEP). Cost savings from consolidating customer creation and management processes, significantly better STP through increased data integrity, more streamlined operations and improved risk management.	All organisations with a multiplicity of processing systems all using common data
Development tools	SynDeveloper	Provides a modern, model-based environment for rapid development. Execution engine for business processes, business rules and business components. Out of the box industry-wide multi-product processing components.	Application developers, business analysts
Migration		No big bang – start realising flexibility and efficiency benefits straight away. Open architecture eases transition from and integration with third party systems. Supports best of breed strategy.	Applicable to all

Challenges and solutions

Syn solutions excel at improving efficiency in complex multi-market, multi-company environments (including for example the servicing of multiple clients in a correspondent clearer scenario) across multiple geographies where different products and markets require different processing lifecycles.

As well as delivering high levels of straight through processing (STP), Syn solutions form a solid foundation for automating STEP (Straight Through Exception Processing) through the close interaction of the transaction and reference data life cycles in securities processing. Integrated, real-time, workflow and managing the automated business process are integral to all Syn solutions.

Synoffers a proven alternative to a big bang approach when updating or changing systems, by facilitating an incremental migration from legacy systems without impacting existing service.

Syn has been designed from the outset as a scalable grid processing environment. This equips our clients with the ability to increase infrastructure costs only marginally as business volumes grow.

Although agnostic about the IT infrastructure, Syn solutions scale to meet the largest enterrprise requirement on a tiny Linux footprint.

Our modelling approach makes it extremely efficient to build distinctive services in the first place and to change them at will – just one of the reasons why Syn is a favourite in areas experiencing great flux such as the Asia-PAC markets and where clients seek their own competitive edge through individually tailored service.

Syn solutions are also enabled for delivery over the Internet or via an SaaS/ASP model.

Featured customer

CLSA Asia-Pacific Markets (CLSA)
Thiyagarajah (T) Rajah, chief information officer talking to A-Team Insight Quarterly

“What was required was a solution that enabled a workflow and BAM implementation, had modular capability to support a service-oriented architecture (SOA) environment, and was sufficiently nimble to allow the addition of functions and to accommodate change.” While there was no shortage of solutions available, most, he reckons, are built in “the traditional way”, but disguised with a lot of bells and whistles. In fact, he suggests the Coexis system was pretty much the only choice available . . .