The bank sought a suitably experienced IT delivery capability to ensure a more business -strategy focused, flexible and ultimately valuable outcome.
Ignitr took overall responsibility for the project’s delivery, managing the output of 15 separate work streams including software and infrastructure elements. This saw ignitr working with the bank’s existing internal teams and contractors, providing project management, requirements analysis, technical solution architecture and test design expertise.
Ignitr brought valuable experience in the successful implementation of global securities lending trading and settlement systems, with a pragmatic and business focused approach, coordinating competing priorities and objectives.
The final platform included ground-up development of custom interfaces for all necessary bank standard applications, multi-entity risk management capability, SWIFT messaging adoption for settlement, payment and confirmations, and the creation of a new transactional trade workflow that were subsequently adopted and rolled out as a bank standard.