Formerly known as Global Research & Risk Solutions

  • Crisil Integral IQ
  • Case study
  • FinTech
  • Front Office Technology Migration
  • Operational Efficiency
  • Risk Management
November 20, 2025 Content Type Case study

We helped a leading global investment bank migrate 40,000+ live trades to its proprietary risk management system

November 20, 2025 Content Type Case study
 

Background

  • To achieve long-term cost savings and greater operational control, a global investment bank initiated a project to migrate its trading operations from a third-party platform to its own proprietary risk management system
  • The key challenge was to migrate a large volume of live trades—across 40 different product types—without disrupting daily operations, all within a strict one-year timeline
  • The need to build new functionality for exotic instruments and coordinate with numerous stakeholders across/the bank’s front-to-back-office functions increased the complexity of the project

Our solution

Our team provided comprehensive support for the complex migration, acting as a dedicated partner from start to finish.

 

  • End-to-end project management: We provided complete project support through a managed service model, deploying our domain experts and technical resources directly onsite with the client
  • Dual migration strategy: Recognising the diverse complexity of the trades, our team implemented a two-pronged approach. We used an automated, scripted Straight Through Processing route for standard trades and a carefully managed manual process for the more complex exotics
  • Detailed business analysis: We conducted a thorough business analysis, preparing detailed Business Requirements Documents, Functional Specification Documents, managing user stories in Jira and defining all downstream data mapping requirements
  • Rigorous quality assurance: Our team implemented a robust Quality Assurance and User Acceptance Testing framework. This involved creating detailed test scenarios, developing automated scripts and managing the entire defect-fix and sign-off process
  • Centralised management of issues: To ensure a smooth transition, we established a centralised system to manage all post-migration issues, providing stability as the bank moved to its new target model

Client impact

Our team provided comprehensive support for the complex migration, acting as a dedicated partner from start to finish.

 

  • Successful on-time migration: We successfully migrated over 40,000 trades within the estimated one-year timeline. This included the complex rebooking of approximately 18,000 structured and exotic trades
  • Mitigated operational risk: Through our structured approach, expert oversight and automated testing, we significantly mitigated operational risk throughout the project. This freed up valuable bandwidth for the client’s internal teams
  • Foundation for future growth: The project concluded with the successful implementation of a new, robust target operating model, equipping the client with a scalable in-house system projected to deliver cost savings of approximately 60% annually
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