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Case Studies – Financial Technologies & Solutions

A major securities client

Customer – Company is one of India’s leading stock broking houses, part of large conglomerate

Client RequirementsThe client wished to have a portfolio analytics and attribution system to monitor the performance of their various mutual fund schemes and comparison with benchmarks indices.

Our SolutionHarrier customized it’s flagship product ‘Harrier Stockpile’ as a portfolio analytics solution with following key features.

• Group Snapshot shows the overview of portfolios of selected schemes, at group level, for a duration. It includes information like AUM, Returns, P/E, EV/EBIDTA, ROE, Beta, Sharpe Ratio, Medium Holding, the Average Holding, Time to Liquidate, No. of stock, Style, Break up like Large/Mid/Small cap, Cash etc.

• Performance Tracking – Sector/Stock wise Performance tracking with the benchmark, with their allocation effect and return. Under/over weighted sectors

• Peer Group Comparison with AUM return of 1 month to 1Year with their P/E and P/B Ratios.

• Liquidity report calculates and displays the stock wise liquidity i.e. how long it may take to liquidate the entire portfolio

Technologies: Java SWING, Windows sockets, MS SQL Server as RDBMSHarrier 2

• The Client: India's most respected credit rating agency committed to providing the India's credit markets with accurate, timely and prospective credit opinions. 100% owned subsidiary of the Fitch Group - A global leader in financial information services with operations in more than 30 countries.

• Website: https://www.indiaratings.co.in/• Problem: Being one of the top credit ratings agency in India, client wanted to

showcase their brand status with a modern, new look and interactive website. The earlier website was lacking on overall presentation. It was not interactive, not user friendly and was missing important SEO factors. For uploading reports on old website, the client was dependent on the vendor for technical things. Client was also not able to change static contents of website. Overall time taken to load data on website was also high and was performing poorly on user experience.

• The Solution: Harrier worked closely with the client to design an architecture for the new web application. The old website had lot of reports and other important content from years that needed to migrate to new website with an accurate management. The website was frequently updated with the new data like reports, market news etc. and all had to showcase on the website. The web application architecture by Harrier satisfied all these needs and successfully managed to showcase all the important data on home page like latest news, featured research, videos, social media feeds, trending news, links to important sources with an effective search functionality. Harrier provided CMS to manage content on static pages removing any technical dependencies for client.

• Key features: 1. Responsive design 2. Clear and impressive UI 3. Effective and accurate categorization of data on the website 4. SEO Friendly pages helped to optimized easily in search engines

• Major Challenges: Large Data migration from old website to new application.• Technology Environment: Asp.net MVC4, C#, HTML/CSS, SQL server 2014, AJAX,

JavaScript, Jquery

India Ratings and Research

ComPAYre

Customer – a proxy advisory firm providing corporate advisory services, independent opinion, research and data on corporate governance issues as well as voting recommendations on shareholder resolutions.

Client RequirementsNo platform to find out remuneration details of directors of companies registered on NSE and BSE to analyze their remuneration /compensation and compare it with their performance and with peer group.

Our SolutionHarrier developed a cloud based analytical tool that captures remuneration details of CEOs and directors for over 650 companies. The data provided in ComPAYre can be used to track the compensation, pay and performance and ESOPS details of directors.

ComPAYre data repository includes:Basic details of directorsQualification and job role details of directorsCompensation details (Fixes pay and variable pay)ESOP DetailsPay and Performance detailsKey features:Remuneration data for 500+ companies and 1400+ directorsPeer group comparison and validationAnalyze linkages between pay and performanceMajor Challenges: No range charting tool available with the facility to show median of min and max values. Harrier created the custom range chart in data visualization with median.Functionality for high sensitive and complex data import.

Technologies: ASP.Net Framework 4.5.1, MVC 4, SQL Server 2014Harrier 4

IiAS Adrian

Customer – a proxy advisory firm providing corporate advisory services, independent opinion, research and data on corporate governance issues as well as voting recommendations on shareholder resolutions.

Client Requirements: Investors always find it very difficult to find resolutions, outcomes and voting data in public domain. This data is mostly in pdf formats, not databased, can’t be compared easily and is not searchable

Harrier developed a cloud based analytical tool that provides packaged data that can be used to track investor reactions and market trends. This allows users to gain insights on how investors view specific issues and gain greater predictability regarding how they might vote on similar shareholder resolutions. ADRIAN's data repository includes: • Notices and explanatory statements• IiAS voting recommendations Voting outcomes• Investor and category wise voting data• Rationale provided by institutional investors while votingKey features: • Unique: Only source of searchable investor voting data• Simple: Easy to use and intuitive• Powerful: Multiple search analytical capabilities• Cloud-based: always synced with the latest data on the Internet • Always new: Constant updates. Constant upgrades. Already has notices of over 2400 shareholder meetings,

outcomes for over 1700 meetings over three years and mutual fund rationales for over 1000 shareholder meetings. • Comprehensive: Over 650 companies, representing over 90% of market- cap• Flexible: Resolutions are tagged by section number under the new and old Companies Act and by category i.e.

company name, investor name, resolution type (remuneration, director appointments, related party transactions).• Voting patterns: Data on how promoters, institutional investors and retail investor vote.

Major Challenges: Fetching large data from database was taking too long time while searching. We overcome this with effective query optimization and data caching that ultimately reduce the overall fetching time. Collection and collaboration of meeting outcomes and mutual fund data. Comparative data validation

Technologies: ASP.Net Framework 4.5.1, MVC 4, SQL Server 2014Harrier 5

Portfolio Analytics

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Client ProblemExisting process of portfolio analytics was manual and slow, consumed more resources and lacked in-depth analysis

We developed a 3-tier web based application by customizing Portfolio analytics component of it’s flagship product ‘Harrier Stockpile’ with following key capabilities and features:• Performance and attribution analysis for all the mutual fund schemes

across the group• Track their financial ratios and valuation parameters.• Consolidated and universal view of the entire spectrum• Track and attribute the performance characteristics• Helps fund managers to track and present performance of

portfolios & impact of their investment decisions on fund’s performance

• Compare portfolio’s with model benchmark, peer group and with compliance criteria

• Snapshot of portfolios for selected duration, Information displayed

Technologies: Core Java, Servlet, MS.NET, MS SQL Server 2005, Sun one Application server

Our Solution

o Asset under managemento Returnso P/Eo EV/EBIDTA

o Betao Sharpe ratioo Medium holdingo Average holding

o Time to liquidate (Stock, portfolio)o No. of stocks in schemeo ROEo Large, mid, small cap break up

Customer – Company is one of India’s leading stock broking houses, part of a large conglomerate

Tradition Securities Front Office System

Customer is a top Indian fixed-income securities broking firm

Client required an integrated front-office and back-office system to automate their operations end-to-end, including an intranet and an online quote publishing system for customers to check stock quotes.

A database driven interactive web-based front office application integrated seamlessly with the back-office application.

• Database Sharing: Used the existing database to save the current Deals. Data integration and sharing with Back office system

• PDF Ticket: Deal tickets are generated in PDF format for printing purpose

• Importing .txt file: Data from NSE in .txt format is captured directly in database for mapping of Deals

• Audit Report: Generating daily report for audit purpose. This is also used for knowing daily transaction details

Client Problem

Our Solution

Technologies: MS ASP.Net, C#, MS SQL Server as RDBMS, Oracle 10g

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Client required an efficient, reliable and cost effective quote system for fixed income securities like corporate deposits, sovereign bonds, interest rate derivatives etc. with about 1000 concurrent users viewing quotes published by different users, for different products. Pages were to be refreshed every few seconds to display latest quotes. The solution replaced the instant messenger/phone that was in use.

Watchlist – User can create a ‘Watch list’ of securities of interest from the list of securities available on various pages, as a separate ‘view’.

Authentication – Authenticating user based on IP Address along with other parameters thus restricting anonymous user.

Enter/View Quotes – Enables user to enter and view Market quotes.

Self refreshing pages – Self refreshing pages for updating market quotes on the page every 6 secs.

Export to Excel – User friendly way of exporting data to an Excel worksheet.

Tradition Securities – dome

We developed a Web-based 3-tier application to suit the requirements, with 2 sides; a viewer interface and an admin panel with following key features.

Customer is a top Indian fixed-income securities broking firm

Client Problem

Our Solution

Technologies: MS ASP.Net, C#, MS SQL Server as RDBMS, IIS 6

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Technologies: .NET Winforms, SQL Server 2005 express, StockchartX charting component

Portfolio Management & Technical Analysis Tool

Customer is a leading India based Stock Market Training and Consultancy firm

Portfolio management and technical analysis tool

• Developed a 3 tier, database embedded product, to make information secure and inaccessible to outside world.• Product supports technical indicators like EMA, MACD, Stochastic Oscillator, RSI, PSAR, ADX.• Line studies supported are trend line, horizontal line, standard error channel, Fibonacci retracement, Ellipse.• Product capable of identifying following chart patterns

• Generates candlestick charts for exchange listed scrips.• Money management capabilities

o Risk calculationso Best bargain price as per user risk

• Price Volume breakout• RSI divergence buy• Morning star• Bullish engulf

• Volume >30days average• RSI divergence sell• Evening star• Bearish engulf

Client Requirements

Our Solution and product features

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Structured Finance Deal Automation

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End to end automation of Structured Finance Deal rating process.

We developed a 3-tier web based system, client as a desktop application in C#, business logic residing in ASP.NET web services deployed on IIS and data stored in MS SQL server database. The client application uses Farpoint spread control for user interface, similar to MS office (Word, excel, Power point). The process automated is as follows:• Receiving portfolio data from client• Data analysis, Work flow• Integration of rating system with surveillance system• Sending out rating rationale to the client

Business Benefits• 50% reduction in time to rate regular deals• 35% reduction in time to rate complex deals• Fully automated report generation: Rating note, Rationale rating

letter, Press release• Module level data locking

Technologies: C#, ASP.NET, ADO.NET, MS SQL Server, IIS, Farpoint Spread control, DSO Framer

Client Requirements

Customer is one of India’s leading Ratings, Research, Risk and Policy advisory company

Our Solution

Surveillance Database Automation

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Client’s surveillance team has to monitor regularly (monthly) the performance of the securitized pool to ensure that it is in line with the rating it has awarded. Earlier all data pertaining to the performance of these deals was maintained in Excel sheets. For drawing conclusions or performing comparison between various deals, data was pulled out manually from these excel sheets. With the increase in number of such deals, maintain data in XL and performing various functions became very tedious and error prone.

Harrier developed a 3 tier web based system, client as a desktop application in C#, business logic residing in ASP.NET web services deployed on IIS and data stored in MS SQL server 2000 database. The client application used Farpoint spread control for user interface to be similar to that of MS excel. Following are the key features of the solution - • Automated quarterly reports publication; reduced report publication time from 25 days to 1 day• Alert to surveillance team for an unfavorable performance displayed by a deal.• Maintain information system (MIS) for monthly reports due but not received from trustee• Auto update of report status• Auto generation of ratios necessary to track the performance of a deal• Run queries for comparison between deals

Technologies: C#, ASP.NET, ADO.NET, MS SQL Server, IIS, Farpoint Spread control, DSO Framer

Our Solution

Client Problem

Customer is one of India’s leading Ratings, Research, Risk and Policy advisory company

Equity Research & Industry Analysis

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Replace the existing front end client server presentation system for equity research product with a web based system.

We developed an open source, freely distributable and secured web based system with following capabilities: • Auto update: The front end system at the client end automatically updates itself with the latest released

content for the subscribed services. It opens up a connection to the server and download the content using HTTP protocol to avoid firewall issues.

• Full text search: Used ready made open source component called Lucene for full text search in the system • Encryption of content: Encrypt the content using classes from Java Crypto package and is de-crypted before

presenting to the user • A more presentable analysis of market & Industry events.• Faster and lower cost of operations

Used freely distributable database management system (PostgreSQL, BSD license) to save licensing cost per client.

Technologies: RDBMS – Postgre SQL, Java 1.4.2, Jakarta Tomcat 5.0, JSP, Servlet

Our Solution

Customer is one of India’s leading Ratings, Research, Risk and Policy advisory company

Client Requirements

Mutual Fund & IPO Distribution System

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Customer is one of India’s leading Ratings, Research, Risk and Policy advisory company

Customer wanted to offer a product to wealth managers for managing IPOs and Mutual funds distribution and keeping track of their brokerage receivable and payable.

We developed the Back Office Software System (BOSS) that Interoperates with exiting applications using part of the data from the existing databases of Mutual Fund Portfolio Tracker and Wealth tracker applications while maintaining its own database for other client-specific data, using the ‘linked tables’ in MS Access.• Computes brokerage receivable and payable for each transaction, considering criteria for respective AMCs• Reconciliation of transactions with data from AMCs• Support for nationwide distribution network with access control at each level from corporate head

quarters to a relationship manager.• Centralized database at corporate level• Drill down facility to view data from dashboard summary to details

Technologies: ASP.NET, ADO.NET, MS Access, IIS

Our Solution

Client Requirement

Marked to Market

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Customer – Company is one of India’s leading stock broking houses, part of large conglomerate

The client wished to have the open positions of its clients trading in stock and derivatives market marked-to-market, for real time tracking of market exposures of clients to achieve better risk management.

Harrier developed a database driven interactive application for providing online traded information (equities or derivatives market) and rates to the portfolio managers.• Online feed is obtained from the National Stock Exchange (NSE) & distributed to the portfolio managers

along with other information like current status, total profit/loss, etc for a specific client associated with a portfolio manager.

• System records the price or value of a security, portfolio, or account online, to calculate profits and losses or to confirm that margin requirements are being met.

• Equity in an account is updated online to properly reflect client’s current exposure to the market. • Throw alerts when the marked-to-market position of a client crosses set limits and additional margin is

required.

Technologies: Java SWING, Windows sockets, MS SQL Server as RDBMS

Our Solution

Client Requirements

Stockpile at India Index Services ltd

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Customer – Company was a JV between a major stock exchange in India and a rating agency. It owns, maintains and publishes leading Indian indices which are traded on the derivatives market.

A comprehensive web based system to compute stock market indices along with computation of P/E values of stocks based on last 4 trailing quarterly results

We customized and deployed our flagship product Harrier Stockpile for this job. It’s a web based 3 tier, platform independent system. Harrier stockpile is an advanced, feature rich index computation software, which includes following but is not limited to:

• Multi exchange, multi currency, multi methodology index computation system• Corporate action diary; Displays list of corporate actions to be applied, apply corporate actions, undo • Capturing, defining and maintaining indices• Computes P/E more flexibly and accurately• Industry classification with configurable multi level hierarchy of classification• Historic Index computation

Technologies: Core Java, Jakarta Struts framework, JSP, Apache Tomcat, Oracle 8i, Eclipse, log4J, ANT, Jfree report, Jfree chart, Postgres 7.3

Our Solution

Client Requirements

Price Catalog System

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Customer: Client provides e-commerce and multichannel solutions to the world’s leading brands, retailers and other consumer-centric organizations.

Integrate different services in the pricing service – • Provide HTML pages to visually display reseller & product information, pricing and availability of selected

product• Integrate data coming from different channel partners (resellers) providing SKU price, availability & link to

reseller store/product• HTML page presenting list of authorized resellers to end users• Control panel to configure product and reseller variables, e.g., product lines, priority, pricing criteria• Link to resellers store, for each product

We developed a Price catalog system which provided all the above requirements. The solution provided price listing service that processes pricing and product data feeds from several vendors. It provides an HTML page per product when a display request comes and displays Product, price and vendors for the product. Key features of the product are:• Multi lingual; Multi currency• Supports XML and CSV files• Multiple browser support: IE 6,IE 7, FF2, FF3, FF3, Opera, Safari, Chrome

Technologies: Java, J2EE, JSP, XHTML, XSLT, XML, Apache Tomcat, Struts, Oracle, HTTP, TCP/IP, FTP, XML, CSV, Redhat enterprise Linux, HP Unix

Our Solution

Client Requirements

PayTonic – Pay any mobile number

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App Link: https://play.google.com/store/apps/details?id=frictionfreepayment.com.paytonic

The client wanted to develop a flexible payment solution in the form of a mobile app that will allow to pay anyone with just a mobile number. The main objective to design this app was to provide hassle-free, fast and secure payment transaction for things we do on daily basis.

Harrier developed a simple yet interactive mobile app on Android and iPhone platforms.

PayTonic lets you pay anyone with a mobile number. This helps make quick and secure payment to anybody on phone address book. It uses mobile number as a unique identifier. The app enables transactions only with a mobile number once registered with necessary bank details which will be saved in a secure PCIDSS compliant vault. The app is also secured using a 4-digit PIN defined by the user. Separate registration for a merchant receiver is also defined in the app.Features:• Only mobile number needed: Pay & receive money using just the mobile number• Accept all electronic payments: Pay using net banking, credit card, debit card and mobile wallets.• Offline Payments: Unregistered users can also claim payments. • Direct Payment to Merchants: Merchants doesn’t need smartphone and can receive direct payments to

bank account once registered with PayTonic.• Express checkout: Save your cards and bank accounts for easy transfers• Secured: Since PayTonic is not a wallet, there is no money to be loaded into it. Hence your money is always

safe in your bank.

Technologies: ASP.Net MVC, C#, HTML/CSS, IIS 7.0, AJAX, JavaScript, Jquery, Android Studio, Xcode, Swift language, WCF services

Our Solution

Client Requirements

PayTonic – Pay any mobile number

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Client testimonials and this is what they have to say…

We would like to discuss future potential projects which we may wish to pass your way as we have been extremely impressed by the quality & timeliness of the project.

- Mr. Andy Williams, PM, GIS Commerce

I would like thank team – Harrier for their hard work . . . .

- Mr. Raghavendra Jha, Infodatum, UK

I wanted to take the opportunity to thank all of you for your hard work on the analytics projects. It was a challenging project with aggressive timelines but it has been a pleasure to see everyone step up & do a great job at it. Lets keep up the good work!

- Sonali Dutta, Indigeny, USA

Thanks for the hard work & being so flexible to achieve our goal. Especially when we are short of one person. We completed our tasks on time & you all did an excellent job.

- Esther Chan, USA

System is Complete. Well Done!!! & Thank you.- Mr. Heriberto A. Cabrera, GoEZLaw.com, NYC

Good response time, especially during live issues.- Mr. Ketan Parikh, Derivium Tradition India

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Contact

NagpurShanti Plaza, Shanti Park, Harihar NagarBesa, Nagpur 440034, IndiaTel: +91-712-329-6558, 653-6728Fax: +91-712-245-5322

MumbaiLevel 4, A Wing, Dynasty,Andheri-Kurla Road, Andheri (E)Mumbai 400059Tel: 91-22-6786-9423

USA1512, Penzance wayHanover, MD 21076

UK:2nd Floor, 145-157 St. John StreetLondon, United KingdomEC1V 4PY

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