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The penetration of big data in Southeast Asia is still in its nascent stages. Financial institutions are beginning to explore data lakes and usage of big data for data management and analytics. At present, organizations are largely focused on automation and processing of structured data to ascertain the quantitative aspects. On the other hand, unstructured data has also evolved as the new oil, assisting in analyzing the qualitative aspects. Despite the considerable hype and reported success of big data investments, the skill gap continues to be a major adoption inhibitor. To meet industrial demands, RM Applications’ (RMA) is developing rich skill set in big data to bail out its clients with its bespoke solutions that sharply focus on data management using omnidata. “As the financial industry turns to data modeling, we are focusing on ‘R’ modeling which is expected to aid in crunching data to build data models, especially in credit risk, liquidity, Basel, and regulatory reporting such as MFRS9,” says Lokesh Gupta, co-founder and head of delivery, RM Applications. RMA has successfully delivered leading-edge technology solutions in areas like remittance and payments, ALM and liquidity reporting data mart, ETL consulting and development, customized data mart, localization and integration of partners' solutions.
Driven by a passion and vision to strive for excellence by delivering comprehensive and customer-oriented solutions, RMA was founded by a group of experienced professionals with the thought “Why Can’t it be Done,” addressing niche requirements that cannot be addressed through off-the-shelf solutions. Having found that the existing enterprise data warehouse solutions fall short of requirements and regulatory guidelines, RMA has consistently focused on catering to this niche requirement of remittances and other small value cross-border payments. RMA’s flagship product for financial institutions, OmniRemit supports mobile and online remittance, branch remittance, and remittance back-office solutions, which comply with Bank Negara Malaysia and Anti Money Laundering (AMLA) requirements. “Our customer-centric solution with web and mobile platform is MoneyGram-ready and provides a real-time interface with cross-border remittance corridors for transaction processing,” adds Gupta.
Collaboration with the Customer and Partners has enabled us to develop innovative bespoke solutions, providing sustainable business benefits and building of great amount of trust, faith and respect in the relationship
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