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<h5><b>Capital Markets case study</b></h5>
<h3 class="m-0 pb-1"><b>At a glance</b></h3>
<p><span class="text-accent1-light"><b>Industry<br> </b></span>Capital Markets</p> <p style="margin-bottom: 0; line-height: 26.0px;"><span class="text-accent1-light"><b>Challenge</b></span></p> <p>Test and validate all aspects of a planned massive cloud migration to ensure a smooth and seamless transition for portfolio managers, traders and clients.</p>
<p><b><span class="text-accent1-light">Success Highlights</span></b><br> </p> <ul> <li>50 business workflows automated</li> <li>20 workstreams covered</li> <li>100+ subject matter experts involved</li> </ul>
<h3><span class="text-accent2-dark"><b>Our approach</b></span></h3> <p>The client had a strict, tight timeline for this high-priority cloud migration of its applications. Cognizant was integrally involved in end-to-end testing of the entire CRIMS cloud migration. </p> <p>To facilitate and streamline product testing, we automated more than 50 flows and developed a reusable framework for testing the IT environment to support multi-currency, multi-region (North America, EMEA, Asia-Pacific) implementation of CRIMS. Among specific tasks were to:</p> <ul> <li>Create scenarios to validate privileges assigned to portfolio managers and traders</li> <li>Set holdings test data to cover system-defined modeling rules for portfolio managers’ accounts</li> <li>Validate manager approval flows for single-flow, program-flow and multi-flow trades</li> <li>Ensure effective business processes and 360-degree automation in testing both system integration and customer user acceptance</li> </ul>
<h5 class="pt-1"><span class="text-accent2-light"><b>Mission-critical custom applications</b></span></h5> <p>A top project priority—and thus, a key to Cognizant’s approach—was testing and validating dozens of custom-built applications that enabled the firm’s portfolio managers and traders to accomplish everyday, rules-based tasks. This included:</p> <ul> <li>Building end-to-end business flows and scenarios</li> <li>Validating all functionalities provided by the custom applications</li> <li>Verifying rules, formulas, holdings and integration between CRIMS and the custom applications</li> </ul>
<h3><span style="font-weight: normal;"> <b><span class="text-primary">Business outcomes</span></b></span></h3> <p>With Cognizant’s stress testing of the CRIMS software completed, the firm was able to meet its deadline to migrate applications from on-premises servers to the cloud. The firm has also:</p> <ul> <li>Automated 80% of data and application programming interfaces (APIs), resulting in a substantial improvement in test execution efficiency and productivity</li> <li>Automated 60% of user interface (UI) scripts, enabling end–to-end validation of major business workflows and minimizing manual involvement</li> <li>Uncovered 40% of defects during technical testing, via UI regression automation coverage</li> </ul>
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