Case Studies

Canadian Pension Fund

– Large, multi-year digital transformation project to implement SimCorp Dimension, Snowflake, and new downstream reporting platform

– Client engaged FINARCH team after 1+ year of on-going digital transformation project initially provide project support and executive advisory. FINARCH team grew from a small team to trusted implementation partner with ownership of several critical workstreams

– FINARCH team acted as workstream Leads for Data Migration, Accounting (ABOR), Investments (IBOR), Performance (PBOR), and Reporting solutions

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Results

– Client successfully went live with Phase 1 of project, with Phase 2 currently on-going

– FINARCH team provided client executives with objective measures of test progression, roadmap planning and expedited delivery results

– FINARCH team provided ownership of several project workstreams, built customized tools for client, and successfully delivered on all project milestones

Technology Stack

– SimCorp Dimension

– Snowflake

– PowerBI

– Barra One

– Bloomberg

Engagement Objectives

– FINARCH team engaged to facilitate a successful migration from Legacy system to new Target operating model

– FINARCH team provided oversight of project Quality Assurance efforts through the creation of a High Level Test plan for Executives, a Detailed Test Plan View for each individual work stream, and clear Reporting/Metrics to track progression

– FINARCH team provided client executives with guidance on Digital transformation approach, capacity planning and defining project success criteria based on industry best practices and experience

Solution Highlights

– Built customized tools for client including Data Migration ETL processes/staging layer, and Reconciliation tools for IBOR, ABOR, PBOR and Data Migration

– Configured reporting solution out of SimCorp Datawarehouse through Snowflake to downstream reporting layer

– Significantly improved operational efficiencies through automating redundant processes and procedures in Target operating model

– Retrofitted all front-to-back office reporting solutions in new Snowflake and PowerBI Reporting platform

More Insights

Canadian Pension Fund

Large digital transformation project for Canadian Pension Fund. FINARCH team had Lead roles in several workstreams and provided executive advisory and strategy to ensure a successful go-live

Global Insurance Company

Large multi-year 100m+ digital transformation project to implement SimCorp Dimension, Bloomberg AIM, and new Enterprise data lake/reporting hub.

Guiding Principles for Digital Transformation of Investment Systems

Digital transformation within the capital markets is typically a multi-year journey that requires tenacity, commitment, and agility from all stakeholders. At their core, most investment management transformation projects include the implementation of one or more applications that will replace the legacy systems and processes, which may have been used within the organization for years.

test automation ROI

Why Invest in Test Automation?

In today’s investment management landscape, frequent updates, enhancements, product lifecycle changes, regulatory requirements and other initiatives all require asset managers to perform regular software testing.

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