Introduction
The client is a leading provider of mutual funds and fund services for these and third-party funds. The current IT applications were in use for over 20 years. A newer and more powerful platform was required for securities processing, taxes, and output management. Capco was selected as a partner for the setup and management of a new securities processing platform (SDS Geos). This included overall program oversight from a PMO perspective, implementation assistance as the central integration partner, and support on the testing side.
Why Now?
Capco has a view across different clients and the massive modernization and consolidation movement around securities processing, settlement, and custodian solutions. The need to update aging and mostly mainframe-based solutions to become and/or stay a competitive player on the market is forcing banks and financial institutions not only in Germany but throughout Europe to act.
How We Did It
Our engagement focused on the overall project steering and governance and the provisioning of a central team responsible for the technical integration of the new solution with the existing landscape.
- Project management support in planning activities and executing the implementation
- Design of a requirement management, implementation tracking, and status reporting tool
- Integrated use of agile and traditional processes for delivery
- Focus delivery processes on autonomous delivery teams with end-to-end responsibility for defined scope across designing, building, and testing
- Support for the build of a new master data system
- Development of the test strategy, definition of SE-compliant test procedures and documentation, and implementation of test automation
What We Delivered
Capco’s support on project management and integration build was vital for an on-time, on-budget, and high-quality delivery of the project. Each iteration of the overall ~3-year program was successfully finished with thoughtful planning around migrations and releases to ensure a smooth transition for the solution.
How We Can Help
Capco has solid functional and technical Securities and Capital Markets knowledge and a wide network across banks, financial institutions, and providers of relevant target solutions. These strengths help facilitate the initial analysis and vendor selection phase. Capco’s ability to support from strategy development to project execution of complex multi-year programs is well established.