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2 minute read

    The Challenge

    A top tier European bank was concerned by the inherent technology risks in its US swaps and treasuries application suite. It was feared this could impact its ability to recover and support the business following a significant failure of individual application components.

    The client wanted a holistic view on the recovery and resilience profile of individual applications and the entire application suite. This meant a set of prioritized remediation requirements leading to service improvement workstreams was required.

    The Solution

    Our senior technical architects leveraged the Synechron Application Risk Assessment framework, using an interview-led review, to uncover latent risks across all 50 in-scope applications. These risk findings were ordered into themes, with remediation plans presented by complexity, cost and specific risk to the business (in case of failure).

    Fundamental issues ranged from capacity and legacy hardware, to cultural issues, which became apparent within the support teams.

    The Results

    50 apps reviewed
    200+ risks identified
    Remediation steps agreed

    Our Process

    A senior technical architect, interview-led review, included analysis of incident and service data, log files, application and infrastructure dependencies.

    Resilience Assessment
    Inadequate resiliency and recoverability and incomplete disaster recovery highlighted.
    Remediation
    Monitoring gaps, patching failures, capacity and scalability constraints.
    Key Dependencies
    Identification of legacy and unsupported estate.

    About Consulting

    150

    Senior Consultants

    100

    Active Engagements

    5

    Core Capabilities

    Our Service Offering

    Strategy, architecture and transformation

    We define your current state, target state and roadmap for an optimal enterprise operating model for any business transformation, across people, processes, applications, data and technology.

    Client lifecycle management and financial crime

    We advise and manage the selection, development and implementation of fit-for-purpose IT systems to meet your goals for cost efficiencies, regulatory adherence and customer lifecycle experiences.

    Regulatory change and compliance

    Our experts bring thought leadership and a unique view of how to turn regulatory challenge into business opportunities. We assess the regulatory impact on your products, services and operating model.

    Sustainable finance and ESG

    We offer a holistic approach to drive change initiatives related to sustainable finance and climate risk – where we leverage our digital solutions, ESG data experience, and compliance expertise.

    Finance and risk transformation

    We design and execute roadmaps for structural improvement, better control, and delivery of integrated architecture – enhancing your financial reporting and credit risk management.

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    Our Capabilities