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Information Technology - Information Technology (IT)
(Gold Winner)

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#TBA03029

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Paid

PO Created Date

2024-08-07 20:28:53

Paid Date

2024-08-07 20:36:02

Competition

2024

Season

Entry ID

TBE103353

Entry Submission Date

2024-08-07 05:33:18

Member's Name

Tenny Enoch Devadas Chandrasegar

Member's Email

tennyenochd@gmail.com

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Others

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IT24049 - Information Technology (IT)

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Project Description

Tenny Enoch Devadas is an accomplished technology professional specializing in innovative financial solutions for global corporations. As a Technology Lead Developer at Infosys, he spearheaded the development of Citi's Global Concentration Engine (GCE), an advanced liquidity management tool that enables real-time cash management and automated treasury operations for corporate clients in over 50 countries.

In leading the design and development of the GCE - Intraday system, Tenny ensured adherence to strict scalability, performance, and security standards. He played a pivotal role in implementing intraday sweeps, allowing multiple daily fund transfers to optimize cash utilization and minimize idle balances. The GCE platform has processed more than $1.5 trillion in transactions, underscoring its significant impact on global financial operations.

Currently, as a Senior Engineer at Achieve (formerly Freedom Financial Network), Tenny is focused on developing the Personalized Data Services Platform. This platform assists customers in managing and eliminating debt through customized financial solutions, including the Consumer Financial Outcome Service (CFOS) and a Debt-to-Income (DTI) calculator.

Tenny holds a Master of Computer Applications from Panimalar Engineering College in Chennai, where he excelled academically. His career is marked by innovation and excellence, earning multiple awards, including the Master Stroke - Delivery Excellence Award. His work has made substantial contributions to the financial technology sector, impacting over 1.5 million users and generating billions in revenue. Tenny's expertise has led to improvements in system efficiency, error reduction, and enhanced security, resulting in faster transaction processing and better platform performance.

Project Description for Judges

Question 1 : Provide a brief description / background of your nominated organizational, departmental, team, or individual circumstance. (Your response to this question will be used for public display if your entry is awarded.)

Description:
Tenny Enoch Devadas is a seasoned technology professional specializing in innovative financial solutions for global corporations. As Technology Lead Developer at Infosys, he spearheaded the development of Citi's Global Concentration Engine (GCE), an advanced liquidity management tool. This system facilitates real-time cash management, intraday cash sweeping, and automated treasury operations for Citi's corporate clients across 50+ countries.
Tenny led the design and development of the GCE - Intraday system, ensuring it met strict scalability, performance, and security standards. He was key in implementing intraday sweeps, enabling multiple daily fund transfers to optimize cash utilization and minimize idle balances. The GCE platform has processed over $1.5 Trillion in transactions, demonstrating its substantial impact on global financial operations.
Currently, as Senior Engineer at Achieve (formerly Freedom Financial Network), Tenny is developing the Personalized Data Services Platform. This platform helps customers manage and eliminate debt through customized financial solutions. His work includes creating services like the Consumer Financial Outcome Service (CFOS), Site Personalization Service, and Debt-to-Income (DTI) calculator, assisting customers in assessing their financial situation and devising debt payoff strategies.
Background:
Tenny's IT career is characterized by consistent excellence and innovation. He holds a Master of Computer Applications from Panimalar Engineering College, Chennai, where he ranked third academically. His expertise covers complex system design, code development, and implementation of cutting-edge financial technologies.
He has received multiple awards, including the Master Stroke - Delivery Excellence Award and the Insta Award for his contributions to major projects.
Tenny's work has significantly impacted the financial technology sector. At Citi, the GCE platform he helped develop reached users in over 50 countries. At Achieve, his projects have impacted over 1.5 million users and generated more than $10 billion in revenue. His expertise has led to notable improvements in system efficiency, error reduction, and enhanced security, resulting in faster transaction processing times and improved platform performance.

Question 2 : Outline your nominated organizational, departmental, team, or individual achievements, dated 1-3 years prior, based on your selected categories.

Tenny Enoch Devadas’ innovative contributions to financial technology showcase his exceptional IT leadership and expertise. As the driving force behind Citi's Global Concentration Engine, he led the development of a strategic liquidity management solution that reached users in over 50 countries and processed more than $1.5 trillion. His implementation of intraday sweeps functionality revolutionized real-time cash management for corporate clients worldwide.
At Achieve, Tenny's technical prowess shone as he improved system performance dramatically, reducing response times to under 0.2 seconds through advanced caching and asynchronous processing techniques. He also designed and developed crucial debt calculation and payment option features, serving over 1.5 million users and generating $10B+ in revenue. His innovative data transformation algorithms enhanced marketing campaign efficiency, demonstrating his ability to bridge technical solutions with business needs.
Tenny's focus on security and compliance has been equally impressive. He ensured Citi's global intraday sweeps met diverse regulatory requirements while implementing robust security features that reduced incidents by 90%. At Achieve, he further strengthened data protection measures, showcasing his commitment to safeguarding sensitive financial information.
His efforts in automation and efficiency have yielded remarkable results. At Citi, he significantly reduced manual errors and operational risks, while at Achieve, he cut debt processing errors tenfold and decreased transaction processing time by 50%. These improvements demonstrate Tenny's ability to optimize complex financial systems at scale.
Tenny's client-centric approach is evident in his development of customizable solutions for Citi's corporate clients and user-friendly interfaces for Achieve's applications. His work on personalization services further highlights his understanding of tailoring financial solutions to individual needs.
Recognized with awards for delivery excellence and outstanding contributions, Tenny's impact on the financial technology sector is undeniable. His rare combination of technical expertise, innovative problem-solving, and strategic thinking makes him an exemplary candidate for the Information Technology (IT) award.

Question 3 : Provide examples of the strategies / plans you have introduced, in order to attain your nominated organizational, departmental, team, or individual achievements. Explain why the highlighted achievements are significant / unique.

Tenny Enoch Devadas has demonstrated exceptional leadership and innovation in developing cutting-edge financial technology solutions, particularly in liquidity management and debt resolution. His work has significantly impacted global financial operations and consumer debt relief.
As Technology Lead Developer at Infosys for Citi's Global Concentration Engine (GCE), Tenny revolutionized liquidity management. He led the development of a system enabling real-time visibility and management of liquidity across 50+ countries, allowing clients to make more informed financial decisions. Tenny implemented automated intraday sweeps, minimizing idle balances and enhancing cash utilization across different time zones and regulatory environments. He ensured the GCE offered tailored solutions, allowing clients to set specific parameters for timing, amount, and frequency of sweeps. The system's widespread adoption, handling over $1.5 trillion in transactions, underscores the significance of these achievements.
As Senior Engineer at Achieve, Tenny has been instrumental in developing a personalized data services platform for debt resolution. He architected the Consumer Financial Outcome Service (CFOS), which assesses a customer's financial situation and calculates debt clearance timelines using various strategies, providing clear, actionable paths to financial freedom. Tenny implemented memory caching strategies and asynchronous processing, significantly boosting the application's performance to achieve response times within 0.2 seconds. He also improved data transformation algorithms for marketing campaigns, ensuring accurate data transfer to channel partners like Facebook, leading to reaching over 70% of customers through targeted marketing efforts.
The uniqueness of Tenny's achievements lies in their comprehensive approach to financial technology. From global corporate liquidity management to personalized consumer debt resolution, his innovations have significantly impacted both institutional and individual financial management. His combination of technical expertise, strategic thinking, and focus on user-centric solutions sets him apart in the field of Information Technology, making him a strong candidate for the Information Technology (IT) award.

Optional Context for Judges (Not for publication. This section is solely for judges' evaluation.)

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Link	Password Protected	Display (Winner Info)
https://www.forbes.com/advisor/personal-loans/achieve-personal-loans-review/	No	Display
https://www.nerdwallet.com/reviews/loans/personal-loans/achieve-personal-loans	No	Display
https://www.marketscreener.com/quote/stock/CITIGROUP-INC-4818/news/Citigroup-Inc-Citi-Enhances-Global-Liquidity-Network-15329322/	No	Display
https://www.finextra.com/pressarticle/46733/citi-revs-up-global-concentration-engine	No	Display
https://www.businesswire.com/news/home/20221005005192/en/Citi-Launches-7-Day-Sweeps-a-New-Liquidity-Offering-For-Institutional-Clients	No	Display

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