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Yapı Kredi Asset Management Annual Report 2012
36
All YKAM operations rely heavily on advanced use of technology. By means
of this awareness, the Company strives to stay ahead of the technological
curve by implementing solutions that give a technological edge to current
and potential operations. Along with many power users those have
extensive knowledge and experience , YKAM enjoys a critical advantage
in diagnosing operational problems due to technological inadequacies,as
well as aversion of bottlenecks by providingalternative solutions, and in-
house development capabilities.
Such a buoyant culture of technological innovation has yielded many
positive results for the Company in terms of efficiency; many front office
operations as well as most investment compliance, risk management and
back office functions are well automated. The level of automation at YKAM
allows employees to spend more time on value adding processes instead
of operational routines.
The Company cooperates with many third party vendors to develop
technological solutions and uses many customized solution packages
for each function. While front office operations of the management of
funds are executed through “Portal”, discretionary mandates are managed
through “GTP”. Portal is a well developed platform for straight through
processing (STP) and as such is not only functional on trade execution
but is also an integral part of the investment compliance function with its
advanced pre-trade compliance system that prohibits active breaches and
reports passive ones at intra-day intervals. These platforms also provide
middle and back office utilities to provide accounting, tax, NAV and other
various calculations while enabling the necessary regulatory, CRM, MIS,
audit, compliance, marketing and sales reporting based on accumulated
data and analyses.
The front office also relies heavily on the prompt and accurate flow of real-
time market data and news that is disseminated by service providers such
as Reuters, Bloomberg, Matrix and Foreks. Financial analysis packages such
as Finnet and Stockground, technical analysis packages such as Metastock
and statistical analysis packages such as E-views assist both the research
teams and asset managers in decision-making processes.
RiskTurk, a third party risk assessment solution package and Rasyonet,
another third party solution, are widely used by asset management, risk
management, marketing and sales units in risk assessment and evaluation
of the competitive environment.
YKAM continuously looks for new ways of integrating in-house and third
party technological solutions to further increase efficiency and eliminate
user errors that arise from use of multi-platform data. Better integration will
also increase the analytical abilities and reporting capacity of the Company
and enhance decision-making processes.
Technology
Benan Bilge KÖKSAL
Head of Financial Affairs and Operations