Sell-Side Technology Awards 2022: Best use of the agile methodology—Finastra
OVERVIEW
Finastra Fusion Sophis is a core component of investment banks’ front-to-back cross-asset platforms, with scalable integration and calculation capabilities. It can be seamlessly integrated into banks’ ecosystems, thanks to a wide range of representational state transfer (Rest) APIs.
“Moving to continuous delivery was key for us to deliver regular markets and regulatory requirements to our business, in line with official timelines, and leveraging Finsatra core developments, delivered every quarter.”
Jad Bridi, head of projects, Leonteq
THE SOLUTION
Finastra Fusion Sophis adopted the Scaled Agile Framework (SAFe 5.1) methodology seven years ago, with scrum delivery since 2015 (nine to 12 teams year-on-year in the program). The firm’s investment management business unit is implementing the SAFe Portfolio and SAFe Essentials frameworks.
Finastra’s SAFe certificates include:
- Large number of SAFe-certified employees
- Several Release Train Engineers (RTE)-certified employees
- Many Scrum Master-certified employees (in product and service teams)
Fusion Sophis’ adoption of the Agile methodology has transformed the development and delivery of its software, allowing the delivery of multiple enablers: continuous integration and delivery (CI/CD) featuring one blueprint environment up and running on a daily release candidate with thousands of automated tests, containerization, orchestration, OpenId Connect (identity layer), and single sign-on adoption. All Fusion Sophis clients have adopted the firm’s Agile delivery model, which has moved them from a single upgrade every five years to two seamless upgrades each year, featuring functional and technical benefits.
WHAT’S TO COME
CI/CD will move toward continuous deployment. Fusion Sophis will be deployed on every release candidate to replicate a production environment. Continuous servicing of the solution will enhance high-value services for the firm’s clients (e.g. cloud managed service and application operations offering). New partnerships will be promoted with fintech firms and implementation partners in all regions to accelerate innovation and solution deployment.
During 2021, Finastra Fusion Sophis achieved:
- Triple-digit growth in software bookings
- 10 “go-lives” at clients with an acceleration of continuous delivery and deployment (several clients migrated twice within the year)
- Reduced customer backlog by more than 30% and improved customer response time by 25%
WHY THEY WON
Agile evangelists will argue that Agile is not just a way of developing and delivering software and associated services, but the only way to do it. Finastra’s flavor of the methodology shows just how effective it can be in massively reducing development and delivery timeframes, while simultaneously reducing total cost of ownership and providing end-users with genuinely measurable and useful services.
“Fusion Sophis’ Agile methodology adoption has transformed the way we produce software, enabling us to introduce non-functional requirements like CI/CD, modularity and containerization. Our customers now adopt our way of working and delivery model with several positive attributes, including a positive impact on our development choices and quicker implementation of added functionalities to reduce their total cost of ownership and increase the benefits of our system.”
Sébastien Amet, product director for Fusion Invest, Finastra
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Sell-Side Technology Awards 2024 winner’s interview: Broadridge
In this year’s Sell-Side Technology Awards, Broadridge Financial Technology won Best outsourcing provider to the sell side thanks to its hugely successful business process outsourcing offering
Waters Rankings 2024: Best market risk solution provider (highly commended)—FactSet
Product/service: FactSet Multi Asset Class Risk Solutions
Waters Rankings 2024: Best portfolio management system provider (highly commended)—FactSet
Product/service: FactSet PM Hub
Waters Rankings 2024 winner’s interview: IPC Systems
IPC Systems won the Best cloud infrastructure provider category in this year’s Waters Rankings. Tim Carmody, CTO of IPC, discusses his firm’s recent success in the rankings
Waters Rankings 2024 winner’s interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: Cloud9
Cloud9, part of Symphony, won Best trading floor communication system provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: AI Risk
New York-based AI Risk won the Best cyber security provider category in this year’s Waters Rankings.
Waters Rankings 2024: Best performance measurement and attribution system provider—FactSet
Product/service: FactSet Performance Solutions