Speed to Market DOUBLED and Technology TCO CUT BY 25% for a Tier 1 European Investment Bank
18 month DevOps transformation for Tier 1 Bank in London

Context 

  • The key drivers of regulatory compliance and cost control led a major European Investment Bank to explore rationalisation and modernisation of their technology stack.  

Business Objectives

  • Significant increase in speed to market.
  • On-going reductions in delivery and maintenance costs.

In Scope

  • Design and implement a DevOps-led transformation across more than 80 applications and 2 core vendor trading platforms.

 

Our Solution

  • An as-is and to-be Architecture and DevOps tool chain, with a focus on modernisation and de-duplication.
  • A prioritised series of initiatives, driven by cost and complexity reduction and scalability.
  • A series of DevOps proofs of concept, demonstrating technical solution validity and spanning:
    • Environment automation.
    • Database virtualisation.
    • Test automation.
    • Continuous delivery.

Outcomes

Project Legacy – FIVE critical areas of Time and Cost Savings

Throughout an 18-month period, our DevOps initiatives delivered clear, measurable benefits in the following critical areas:

  • An overall 25% cost reduction (through reduced days to deliver) across the whole E2E lifecycle.
  • A 15% tooling cost reduction as the result of catalogue rationalisation.
  • A 25% reduction in data storage costs.
  • A 25% reduction in overall production defects.
  • A doubling of speed to market (achieved in quarterly releases replacement).

 

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