Overview
A leading global investment bank collaborated with Evalueserve to improve the precision, transparency, and regulatory alignment of its index strategy calculations. Aiming to ensure transparency, build investor trust, manage regulatory compliance, and maintain the accuracy of their diverse portfolios across equities, fixed income, derivatives, commodities, and FX, the bank sought a trusted partner for independent index verification—one capable of delivering at scale with exceptional precision and speed.
Evalueserve was chosen for our deep capital markets expertise, strong quantitative capabilities, and ability to deliver scalable, high-quality operational and technology support across asset classes and geographies.
Our approach combined financial engineering and advanced analytics with custom-built validation frameworks, Python-based modeling, and modular automation, creating a verification ecosystem that’s both robust and future-ready. By embedding cross-functional teams, leveraging DevOps practices, and deploying real-time exception handling, Evalueserve enabled the client to transform their index governance and scale operations globally—without compromising on control or compliance.
Evalueserve also supports corporate actions processing — applying automation and domain expertise to streamline event capture, validation, and downstream integration. This ensures that clients maintain accuracy and timeliness in another critical area of portfolio and risk management.
Challenge
The complexity of custom index strategies—combined with evolving global regulations—demanded a rigorous, agile, and technology-enabled verification process. The bank needed a partner who could:
- Ensure calculation accuracy across a wide spectrum of index strategies and complexity
- Enable rapid onboarding and backtesting of new strategies
- Maintain full compliance with internal governance and external regulatory frameworks
Evalueserve was selected by the bank’s Head of Quantitative Investment Strategies (QIS) based on our ability to provide robust independent validation, support same-day operations, and integrate seamlessly with the bank’s internal systems— ensuring strict adherence to internal protocols and external regulatory standards.
Our Solution: Building a Scalable, Integrated Framework
Diagnose: From Initial Scope to Strategic Integration
We initially began with a focused mandate to validate 25 indices. From the outset, our team adopted a diagnostic lens—mapping the client’s verification workflows, identifying data gaps, and aligning with their governance and regulatory frameworks.
As the engagement matured, our role expanded significantly across equities, fixed income, commodities, FX, and derivatives. Additionally, we embedded cross-functional teams into the bank’s infrastructure, onboarded dedicated FTEs for technology and trading desk support, and launched a Chile-based delivery center to provide same-day operational turnaround and global coverage. This enabled us to scale operations to support over 6,000 custom strategies across structuring teams.
Design: A Scalable, Automated Verification Engine
To address the need for a scalable, automated, and accurate index verification system, Evalueserve deployed a multi-disciplinary team comprising:
- Financial engineers and quants with expertise in structuring, pricing, and multi-asset strategies
- Technology specialists skilled in Python, SQL, DevOps
- Specialists in managing data vendors such as Bloomberg and Refinitiv
Our approach included:
- Deep methodology reviews of index rulebooks and calculation rules
- Assessment of data requirements and setup of market data feeds from relevant vendors
- Development of independent validation models in Python and other advanced programming frameworks
- End-to-end backtesting, aligned with client parameters and timelines
- Structured reconciliation workflows to identify and resolve discrepancies through:
- Input data validation
- Intermediate computation checks
- Root-cause analysis and methodology tuning
We also embedded real-time data integrity checks and modular automation scripts that could flag calculation breaks, inconsistencies, or logic conflicts—enabling faster remediation and reducing manual intervention.
Deliver: Real-Time Accuracy, Global Coverage
We successfully implemented a robust, scalable, and modular index calculation and verification platform that offers:
- Automated monitoring and validation of 6,000+ indices each day across asset classes, delivering real-time results within both same-day and next-day cycles
- Seamless integration with the bank’s internal platforms for , and reporting
- Full audit trails and compliance alignment with regulatory and internal risk frameworks
- 24x5 monitoring and proactive system management via dual delivery hubs in India and Chile
- End-to-end handling of corporate actions within the verification process, ensuring accurate reflection of dividends, splits, mergers, and other events across global indices
To enhance system resilience and performance, we co-developed a scalable, modular architecture supporting high-volume market data ingestion, version control, audit logging, and intelligent alerting. Our platform now serves as a central engine for index governance, capable of adapting to evolving market, regulatory, and infrastructure demands.
As a result of this success, Evalueserve was entrusted with a major technology transformation initiative aimed at strengthening the bank’s broader index infrastructure and data capabilities.
"We send a special thank you to the Evalueserve team in working closely with us to get the IBOR transition set up for our impacted indices that we have sensitive client trades on. This is very valuable in continuing to make Evalueserve our key and “trusted” partner for our key deliverables."
Business Impact
Evalueserve’s partnership delivered measurable improvements in the bank’s index governance, operational efficiency, and regulatory alignment. By implementing a robust and scalable verification framework, we enabled the client to:
- Validate over 6,000 indices daily across asset classes with high precision
- Achieve faster onboarding of custom strategies, accelerating time-to-market
- Significantly reduce operational risk through automated, real-time exception checks
- Ensure ongoing compliance with internal policies and evolving global regulations
- Maintain full auditability and transparency across all index activities
Our ability to integrate seamlessly with the bank’s infrastructure, deliver real-time results within both same-day and next-day cycles, and support complex structuring desks positioned Evalueserve as a strategic partner. In recognition of our impact, the client expanded our mandate beyond index verification, assigning us a major technology initiative to further strengthen their index platform.
Through this long-term engagement, Evalueserve proved its capability to deliver scalable, domain-led, and technology-powered solutions tailored to the evolving challenges of global financial institutions. By combining deep industry expertise with robust engineering, we enabled the client to operate with greater precision, resilience, and speed in a highly complex and regulated environment—ultimately positioning Evalueserve as a trusted partner in their end-to-end index governance transformation.
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Overview & Impact
Partnering with Evalueserve, a top-tier global bank transformed its index verification process to meet stringent accuracy, transparency, and compliance standards. Through domain expertise and scalable automation, we enabled rapid, precise validation across thousands of indices—strengthening investor confidence and streamlining operations.
