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Technology support to the brokerage and Advisory division of a Global Investment Bank

Business Need

To provide Technology support to the Brokerage and Advisory division of a Global Investment Bank.

Challenges and Requirements
  • The Brokerage Advisory services business has a complex application landscape across multiple technologies
  • Developing new Applications and enhancement under very tight schedule along with transitioning
  • Very high performance and Quality requirements
  • German language challenges
  • MiFID project had extremely short duration of 9 weeks for development & testing before release for client testing. Multiple applications had to be developed in parallel and integrated into a single platform
HCL Solution
  • Developed new Applications for Employee Stock options, Comprehensive reporting for HNI customers
  • Developed 25 major enhancements & new modules development in past 18 months
  • As part of MiFID regulatory changes
  • Re-engineered 6 highly impacted and complex core applications of the platform
  • Developed 2 new applications for managing Inducements & Documentation
Business Benefits
  • Scaled from 0 to 50+ resource in 6 months and delivered all projects on time & on budget
  • Completely managed services driven through SLA. Flexibility for ramp-up & ramp-down based on Business requirementsSustained Compliance with MiFID directives for Brokerage Advisory business

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