The challenge.
Our client’s Mergers & Acquisitions activity was helping to ramp up business and increase global presence. However, with all these cross-border acquisitions they didn’t have a standardized Operations and IT platform to handle transition or integrating to a new system seamlessly.

We were asked to create an open Financial Services Architecture and platform for integrating future acquisition. Our WPS (Wholesale Payment System) was an attempt to ‘Restructure ICV’ (an existing system under ‘increase payments’ program).

Our solution.
We followed the onsite model and developed this project in two phases. Phase I included the construction phase, unit testing phase and system testing phase of the SDLC using the technical design prepared by the client’s application development and maintenance team. Phase II featured the modification of the functional design of Phase I and preparing a technical consequence study report in realizing Phase II.

The results.
We successfully developed and delivered the Wholesale Payment System to the client who realized some of the following benefits:

• A step towards alignment of the overall business model of the organization with its Financial Services Architecture.
• Eliminated manual processes and duplicative efforts, improved efficiency and customer service, and lowered costs.
• A robust and standardized Trade Order Management.
• Significant ease in integrating and managing payment processes.

The client also benefited from our onsite development methodology.

• High quality of deliverables as the application development framework was based on CMM Level 5 processes.
• Increased transparency as visibility into the project management processes was very high.
• High turnaround time owing to proper assignment of tasks .