Unison Consulting

Unison Consulting was launched in Singapore in September 2012 with an innovative vision of opening a boutique next-generation technology company. Over the past decade, it has stood by this vision by establishing a strong track record in risk management, especially in liquidity risk, credit risk, interest rate risk for the banking book and regulatory requirements like Basel.

Launched in September 2012, and co-founded by Palaniappan Chidambaram, Dinesh Pappen and Ghouse Peer Mulla, in Singapore, in the heart of APAC’s financial industry, Unison Consulting has rapidly established itself as a leader in risk management solutions. With a vision to become a boutique next-generation technology company, Unison has built a formidable reputation in managing liquidity risk, credit risk, interest rate risk for banking books, market risk, enterprise risk and regulatory compliance, particularly in regulatory reporting requirements in liquidity, credit, financial compliance and capital adequacy.

“Our core differentiator is our deep business understanding and ability to manage projects end-to-end or as turnkey projects,” states Palaniappan Chidambaram, the director and co-founder of Unison Consulting.

This philosophy has driven the company’s success across Singapore, Malaysia, India, Vietnam, Philippines, and the UAE. says Palaniappan Chidambaram, the director and co-founder of Unison Consulting.

Unison’s expertise is evidenced by its impressive and diverse client base across the global financial sector. Its portfolio includes the top five banks in Singapore, the top three banks in Malaysia, and a prominent multinational European bank. Overall, it serves more than 15 financial institutions across the globe, helping them navigate and comply with over 12 different regulatory frameworks. This extensive reach demonstrates the company’s ability to adapt solutions to various market conditions and regulatory environments, solidifying Unison’s position as a trusted partner in financial risk management on an international scale.

Strategic Partnerships

Unison has cultivated a robust partner network across Asia, boasting more than 25 strategic partnerships. These collaborations include industry leaders such as Oracle, WKFS, Accenture and SS&C, enhancing its ability to deliver cutting-edge solutions. Its expansive partnership ecosystem allows it to leverage a diverse range of technologies and expertise, including leading platforms across the Risk Management, Analytics and ERP areas. This extensive network enables Unison to offer a comprehensive suite of solutions tailored to each client’s specific needs, combining local market knowledge with global best practices. Unison’s strong presence in the Asian market, backed by these partnerships, positions it uniquely to address the complex and evolving risk management needs of financial institutions across the region.

Unison Consulting implements integrated risk management solutions through a structured approach across various risk domains. It starts with a comprehensive analysis of the client’s risk landscape, identifying improvements and integration touchpoints. It then tailors solutions to address specific challenges, customizing systems and developing new modules as needed. Continuous support ensures effective implementation and measurable results.

Leveraging advanced technology, Unison Consulting integrates real-time monitoring and forecasting tools. Training programs are offered to help client teams use the solutions effectively. While its proprietary products, like Risk Insight Suite, enhance scalability and efficiency, the company’s expertise in regulatory compliance minimizes legal and operational risks for clients.

The Risk Insight Suite consists of two primary tools—Risk Insight and Risk Analytics. Risk Insight provides integrated solutions for Basel IV regulatory reporting, liquidity risk management and interest rate risk management.

Risk Analytics, built on top of Risk Insight, offers reporting and analytics solutions for liquidity risk management and interest rate risk management. These products address the challenges faced by financial institutions in managing risk effectively, providing scalable, high-performance and cost-effective solutions for lean deployment.

On the consulting side, Unison Consulting offers a wide array of services to meet diverse client needs. The company’s professional services provide continuous support for data engineering platforms, digital modernization, cloud warehouse, machine learning analytics and risk consulting, covering every phase from planning and design to implementation and management, optimizing business processes. This includes end to end development of data platforms, data lakes, analytics stores and cloud datawarehouse..

Success Story: Revolutionizing Risk Management for a Leading Singaporean Bank

In a landmark project, Unison Consulting partnered with one of Singapore’s top local banks to co-develop an end-to-end custom solution for their liquidity reporting and Credit Risk Weighted Assets (RWA) calculation. This initiative showcased the company’s ability to deliver innovative, tailored solutions within tight timeframes.

Challenge: The bank needed a comprehensive system to handle both internal and regulatory liquidity reporting, as well as Credit RWA calculations. The solution had to be scalable, efficient, and compliant with multiple regulations across the group’s operations.

Solution: Leveraging the latest open stack technology, the team at Unison Consulting collaborated closely with the bank to design and implement a custom solution. Key features included:

1. Integrated liquidity reporting system for both internal management and regulatory compliance

2. Advanced Credit RWA calculation engine

3. Scalable architecture to accommodate group-wide implementation

4. User-friendly interfaces for easy data input and report generation

Implementation: The entire project was executed within an impressive 10-month timeframe, demonstrating its agility and expertise. The company’s phased approach ensured smooth integration with existing systems and minimal disruption to the bank’s operations.

Outcome: The solution was successfully rolled out, covering five different regulations for the entire banking group. This implementation resulted in:

1. Streamlined reporting processes, reducing time and resource requirements

2. Enhanced accuracy in Credit RWA calculations

3. Improved compliance with multiple regulatory frameworks

4. Greater visibility into liquidity positions for better decision-making

5. Scalability to adapt to future regulatory changes

This project not only solidified the company’s relationship with the bank but also set a new benchmark in the industry for rapid deployment of comprehensive risk management solutions. It showcases Unison Consulting’s ability to deliver cutting-edge, custom solutions that address complex regulatory requirements while meeting the specific needs of clients.

Lead towards AI Journey

“At Unison Consulting, we’re leveraging the transformative power of artificial intelligence to revolutionize financial risk management. One of our key innovations is using AI to convert complex risk policies and regulations into conversational formats. This approach makes critical information more accessible and easier to understand for all levels of an organization. By harnessing AI in this way, we’re not only enhancing compliance but also fostering a more engaged risk culture. Our AI-driven solutions, combined with our deep industry expertise, empower financial institutions to navigate the complex regulatory landscape more effectively, ultimately leading to better risk management and decision-making across the board,” says Chidambaram.