The client is among the largest investment companies in the world, and offers a vast range of investment and asset management solutions along with exemplary levels of service and support. Their range of solutions span equities, multi-asset, fixed income, liquidity, sovereign wealth funds and real estate and private markets.
Multiple takeovers and mergers within the group had made it necessary for the client to roll out a program for the strategic replacement of its heritage systems. Among its biggest challenges was to address the management of data, especially as bespoke development was not possible, given the complex regulatory environment in which the organization operates. The client needed a partner who could define the roadmap and high level plan for data management and help retain technical and functional knowledge within the organization. Without the best strategies and processes to manage data, the client would have to compromise on reporting, marketing and other transactions leading to business impact.
Improving data management without linear increase in costs
The goal for the client was to set up additional MEDM capacity to manage the massive growth in data. Mindtree, which has been a successful technology partner for the client for over six years and has an in-depth understanding of the client’s technology architecture and business models, created a two-pronged approach for addressing the challenges. First, the solution focused on defining a roadmap and program plan, followed by the integration and consolidation of DWH. The second part of the solution was to provide MEDM skills.
Mindtree executed the solution with a team size of ~35 and has been engaged in augmenting MEDM skills for the client, increasingly taking ownership of critical programs.
The tools, technologies and processes used to deliver the enhancements included:
- RWD with Angular JS
- Jersey
- Spring
- Apigee
- iOS and Android
- Oracle
- WebLogic
- CI/CD using Bamboo
- SVN
- Sonar
- Agile DAD
- DevOps for CI/CD
Saved from the pain of data management
Mindtree stood up a distributed Agile Pod to work with the client’s team on the integration program and ensured that the client’s SMEs were released so that they could focus on value added activities rather than operational tasks:
- Access to a golden copy of reference data for various modules
- Access to a pool of MEDM experts, developers, testers and BAs who have an understanding of the client’s business context
- Ability to retain critical technical and functional knowledge within the organization
- Synergies between multiple integration programs in progress
