A Leading Japanese headquartered financial services group with an integrated global network of over 30 countries. They service the needs of individuals, institutions, corporates and governments through its four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment Banking), and Merchant Banking.
The Technology Service division provides solutions and support for all middle office and back-office functions, Investment Banking & other Corporate Divisions. The user base spans across Operations (Asset Servicing, Reconciliation, Trade Booking, Settlements, Payments & Confirmations), Finance (Product Control, Finance Control, Tax & Treasury), Reference Data Services (Products, Books & Counterparties), Risk, Investment Banking, Compliance etc. Coforge was approached by this division to assist in a Data Technology solution.
For a financial institution, accuracy of data is paramount. Therefore, the issue of data quality needs to take front seat.
Coforge, after its discovery phase and successful POC delivery, deployed its team of Core Data Managers and ETL (Extract Transform and Load) delivery team, streamlined multiple data collection processes adding multiple automation tools to save time and costs.
ETL tools collect, read, and migrate large volumes of raw data from multiple structured or unstructured data sources and across disparate platforms. They load that data into a single database, data store, or data warehouse for easy access and retrieval. Our Data Managers make sure
that Quality of the Process and Data is never compromised in its journey to the Cloud or internal data warehouses.
One of the tools widely used by BFSI clients for Compliance is Axiom and is also a one-stop solution for ETL challenges. It is a difficult-to-master tool, but with our huge Risk & BFSI domain experience. Coforge has seasoned Axiom experts in teams.
Additionally, a robust DevOps governance program with measurable key performance indicators was put in place for the client.
Our bespoke solution delivery team leverages the continuous integration (CI) and continuous delivery (CD) features of DevOps, which reduces deployment time, so teams have more time for testing and quality control issues. Through CI, developers integrate code into a shared repository several times a day, enabling quick error detection and mitigation. With CD, teams produce software in short cycles, helping reduce the time and risk of delivering changes.
To get the maximum benefit and further improve management decision making, our team used virtualisation and containerisation of the data.
Dashboard Virtualization enables our DevOps teams to develop and test within simulated environments. This enables development to occur alongside real-time testing of how the changes will impact the entire system. This level of accuracy in testing makes for vastly reduced deployment times and increased stability in such a complex system.
Containerization furthers the concept of virtualization by not only providing a digital configuration that mimics hardware setups but also mimics the OS and libraries that encompass the entire runtime environment.