The client had embarked on a major organisation wide phased migration to the cloud with Google Cloud Platform (GCP) as part of the move to their Future State Architecture. The Development & Architecture solutions needed for the project utilised GFT’s DevOps & technical consulting GCP expertise & capability.

  • For a Global Tier 1 Investment Bank, GFT were engaged to deliver a Liquidity & Capital risk regulatory reporting solution that takes all the daily investment banking trade data, performs validations, data quality checks, aggregations & reporting across all regions and asset classes for the business and global regulators
  • The consolidation of regional platforms onto single global regulatory reporting platform as part of the Future State Architecture
  • A technology driven challenge to move to a strategic future state architecture and retire legacy applications and the approach selected was migration to a big-data solution for Capital & Liquidity reporting, which the global bank was reliant on for regulatory reporting
  • GFT team of 10 nearshore and up to 5 onshore resources worked with the client in collaboration, to meet the demands of reg reporting T+1 they had resorted to aggregate level processing and reporting
  • GFT provided architecture solutions and nearshore development that were cloud ready using: Big Data Solutions, MicroServices, DevOps, Open Source distributed processing, Test Driven Development (TDD) utilising Cucumber, Business Driven Development (BDD) to enable subsequent migration to cloud once the on premises application was implemented
  • Modelled different architecture options on Google Cloud Platform (GCP) and recommended the optional configuration using BigQuery, Python and Apache Beam
  • Extremely successful collaboration with a massive reduction in processing time: “six hours to six minutes”
  • Consolidated regional platforms onto single global regulatory reporting platform as part of the Future State Architecture
  • Reduced the daily processing time - previously the calculation had taken 6 - 10 hours each day, the GCP application has reduced this to under 30 minutes.
  • The client can now ingest trade data from across the divisions of the bank - investment banking, retail banking, commercial banking and private banking.
  • Accurately calculated the daily LCR in line with both the bank’s and the regulators requirements

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