GFT enables 80% improvements in time-to-market

With rising pressure on banks' IT infrastructures and budgets, for many in the industry cost reduction is at the top of the agenda. As the most immediate strategies for improving efficiency have already been exploited, it is becoming more and more difficult to keep meeting improvement targets. Our global banking client benefited from the improved working practices offered by GFT, based on a proven blend of business knowledge and software development methods.

The challenge

This major bank already had a farshore team in India developing and maintaining its fixed income cash and e-trading platform. At first this approach was successful, but as the platform grew and became more complex, development costs became unsustainable and support became difficult. The goals for the project were therefore:

  • Reduce software development costs and total cost of ownership
  • Shorten time-to-market for new software releases
  • Simplify development, streamlining and automating where possible

The engagement

  • GFT migrated development to its nearshore centre in Poland, enabling the bank to benefit from GFT’s improved working practices and lean/agile software development methods
  • System complexity was addressed in full and the number of components was reduced from 165 to 100. Furthermore, GFT improved delivery by automating testing, introducing a best practice delivery infrastructure, and measuring and improving code quality

The benefit

  • Improved 'time to value': the nearshore domain specialists at GFT cut the time taken to move a requirement from concept to production software (time to value) from between 3 and 6 months to only 2 weeks
  • Reduced costs: the GFT nearshore delivery model delivered an initial 25% reduction in headcount with an 8% reduction in costs; a further 16% reduction in headcount is expected with an additional 22% reduction in costs
  • Improved quality: code quality improved by 32%; test automation coverage increased to 86%
  • Improved delivery performance: the existing schedules were initially sustained despite the 25% reduction in team size; subsequently, timelines were improved by a further 10%
  • Reduced complexity: application was simplified by reducing component complexity by 40%
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To learn how your business can adopt our approach, please get in touch

Graeme Wood

Joint Post Trade Practice Lead