Success Stories
Application Portfolio Optimization for US based full-service Investment Bank with a potential to reduce the maintenance cost by 50%
Business Need
The client found itself dealing with rising costs of supporting diverse, disparate, and even obsolete applications. In addition, application data management became a burdensome task. The bank wanted to rationalise the entire technology landscape for clearing and settlement group.
- Creation of an optimal phased implementation approach to achieve the re-engineering goal in a short timeframe while keeping risk in check
- Exploring legacy implementations on a sampling basis to estimate complexity and issues
- Identification of third party tools and systems to decrease re-engineering risk and accelerate implementation timeframe
- HCL carried out Application Portfolio Optimisation exercise for the entire technology landscape of the bank's Clearing and Settlement group and delivered a re-engineered landscape with following recommendations :
- Usage of tools to achieve short implementation timeframes
- Leveraging common tools across varied areas based on workflow analysis, reduce complexity of the future environment
- Usage of PoC (Proof of Concept) implementation for new tools and technologies to manage risks and reduce change impacts
- Interface approach to data-warehouse initiative already underway in the organization, achieve convergence on approach with the warehousing team
- Phased migration approach spanning 15 months
- The technology infrastructure proposed by HCL reduces the maintenance cost to less than 50% of current cost
- Scalable, open-ended future landscape to meet business growth expectations of next 5 years
