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Regulatory Test Success Story |
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Written by Administrator
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Tuesday, 30 April 2013 21:13 |
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A tier-1 investment bank undertook a project with strict external deadlines to rectify a non-compliant custody service as part of CASS change programme.
It was the first time that the bank had undertaken this kind of end-to-end integration which presented the globally distributed delivery team with significant environmental challenges for an implementation that spanned front to back office and 50+ cross-bank systems.
Rationale for engaging Piccadilly Group
The project required SIT and UAT test definition, management and administration. Piccadilly Group was engaged by the project team to define the test strategy, manage the SIT and UAT test phases, and administer Quality Center and defect management.
Solution
- Appointment of a team of three consultants over a period of nine months
- Definition of a best-fit test strategy workable within the environmental constraints; specifically IT infrastructure and teams not geared towards large-scale, end-to-end implementation
- Test management, build and coordination activity for SIT and UAT; including attendance at project steering committee
- Introduction and administration of key release and configuration management procedures
- Leveraging of domain expertise within distributed delivery groups to improve test accuracy and coverage
- Identification of key risks and issues with mitigating actions.
Outcome
- Ability to identify and address system test gaps during SIT (upon handover of code to project team)
- Scheduled go-live achieved with all critical issues being identified and resolved
- Maintenance of requirements traceability and coverage throughout the test lifecycle
- Configuration of Quality Center to provide detailed test metrics and reporting capability
- Handover of repeatable test process to internal team for future phases.
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Last Updated on Wednesday, 08 May 2013 15:25 |
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Agile Testing Success Story |
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Written by Administrator
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Monday, 05 December 2011 20:51 |
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A tier-one investment bank implemented a new P&L workflow tool to provide T+1 reporting, P&L adjustment sign off, commentary, analysis and operational KPI reporting - across the bank. The tool was rolled out to the FX business first before being rolled out to other business areas.
Rationale for engaging Piccadilly Group
Having been run for twelve months, this high-profile project was having challenges in meeting its objectives with a technology solution under test that lacked quality and accuracy. Piccadilly Group was engaged to redefine and implement an agile test strategy with an emphasis on early requirements verification and test automation.
Solution
- Championing new approach to win stakeholder sponsorship and confidence following a full project re-baseline and departure of previous vendors
- Establishment of a near-shore and localised test function comprising 15 testers; including functional, non-functional and automated specialists
- Test management of a cutting-edge ‘Specification by Example’ agile development/test lifecycle
- Support to the FX business, the first business area being on-boarded, to provide UAT planning and issue resolution; enabling the successful completion of a parallel run prior to go-live
- Troubleshooting and resolution of project issues which arose from sourcing and loading P&L, Balance Sheet, FX and Attribution data.
Outcome
- Accelerated delivery of test automation; 90% of manual test cases fully automated in first 3 months
- Defect leakage into UAT phase and production within agreed tolerance levels (<10%)
- Shift to continuous integration as test process matured
- Implementation of release, configuration, change, and defect management processes; in the absence of a repeatable enterprise standard
- Handover to the bank’s internal teams to ensure test strategy could be readily applied to all future project phases
- Contribution to a bank–wide agile working group, at the request of the head of testing, to promote and improve ‘Specification by Example’ practices.
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Last Updated on Wednesday, 08 May 2013 15:24 |
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FX Technology - A Platform for Success |
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Written by Administrator
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Tuesday, 28 June 2011 17:26 |
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Last Updated on Wednesday, 29 June 2011 19:35 |
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Piccadilly Group sponsors 'Blank Canvas' |
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Written by Administrator
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Monday, 27 June 2011 19:25 |
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Last Updated on Tuesday, 09 August 2011 20:03 |
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Written by Administrator
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Sunday, 08 May 2011 10:26 |
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One of our core principles is collaboration and we work with the following partners who share our values and help us to enhance the services we offer:
Z/Yen is the City of London’s leading commercial think-tank, founded in 1994 to promote societal advance through better finance and technology. Z/Yen “asks, solves and acts” on strategy, finance, systems, marketing and intelligence projects in a wide variety of fields. Z/Yen activities include the development of an award-winning risk/reward prediction engine, which helped a global charity win a good governance award; benchmarking transaction costs across global investment banks; and leading the Long Finance initiative asking “when would we know our financial system is working?”. Z/Yen produces a wide variety of research, including the Global Financial Centres Index.
About Z/Yen Group Limited – www.zyen.com
The Piccadilly Group is a member of FIX Protocol Ltd (FPL). FPL maintains and owns FIX, a messaging standard developed specifically for the real-time electronic exchange of securities transactions.
About FPL - http://www.fixprotocol.org |
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Last Updated on Monday, 30 April 2012 09:46 |
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