Bhavesh Lakhani is SVP and Head IT at SBI Mutual Fund. Lakhani has been an astute leader with 19+ years of international experience in managing design and deployment of enterprise technology solutions under a global delivery model, involving large, geographically diverse teams. He has a strong technology leadership experience in the BFSI space encompassing diverse areas including business intelligence, DevOps, software delivery, information security, TechOps, cloud and mobility. Lakhani has a successful track record of driving technology strategy and transformation changes in sync with the target operating model and focus on technology integration resulting from mergers and acquisitions.
The “Project Next” involved selection and implementation of Treasury Front Office System (FOS) for managing investments by Mutual Fund Schemes of SBI Fund Management Pvt. Ltd (SBIFMPL). Through this project, SBIFMPL aimed to replace its existing FOS with a new one that provide efficient and scalable solution as per SBIFMPLs current and future needs. Project Next has resulted in enhanced user experience through new features such as ease-of-use, dashboards, schedulers, favorites and encryption.
The project has the capability to handle all existing and new asset classes available in Indian and international markets as well as the capability to handle high volume of data as per acceptable performance benchmark. It involves a robust compliance rule engine to monitor all regulatory and internal limits effectively and consistently. There are configurable automated workflows, and there is seamless data interface capabilities with various internal and third-party applications via micro services architecture.
The project has led to enhanced performance and real-time tracking capabilities through several new features such as parallel transaction processing, dashboards, report scheduler, SMS and task schedulers while adopting cutting-edge technologies. There is now availability of new asset types, tools and multi-currency investment support.