Financial Services
There is an ever-present demand for banking systems to enable faster and higher-volume trading, manage risk more effectively, reduce latency and foster greater business agility. This is against a background of market volatility, greater competition and static or reduced technology budgets.
The nature of the banking industry and the speed that the markets move means that the requirements of new projects tend to be fluid, making them unsuitable for the traditionally process-driven and resource-intensive offshore delivery models. Endava’s banking and financial services practice addresses this using our agile, ‘blended’ Nearshore delivery model which leverages the optimum mix of talent and experience from our UK and Eastern European delivery centres.
Our financial services team combines proven experience in payments, clearing, settlement, asset management and trading projects for many of the world’s leading banking and financial services institutions with highly-skilled technology, maths and physics expertise from Eastern Europe. And yes, we have genuine rocket scientists!
Our teams use agile development methodologies based on industry best practice. This allows us to deploy teams where domain-specific analysts and architects work with each customer to understand the business opportunity and design the optimum solution, while using agile development techniques to work closely with the delivery teams to manage change in the project requirements and accommodate flex in the business needs.
Endava’s blended delivery model has been successfully deployed on numerous banking and financial services projects, including:
• Pricing and settlement front-end for a derivatives trading platform
• Re-engineering an FX options platform
• Delivery of a fund administration application for asset management
• Infrastructure design and build and application hosting for a leading asset management company
• Testing services for a clearing and settlement provider
• Architecture for a global payments platform
• Test strategy for a global payments infrastructure
• Delivery of a trading platform for the mortgage-backed securities market
• Delivery of an application for real-time alerts to traders across multiple FX trading platforms
As well as attracting the best talent in the industry and regions in which we operate, we place a huge emphasis on development and retention of our staff. This includes keeping up to speed on the latest technology developments that benefit the financial services industry and keeping abreast of the latest market and regulatory developments, such as MiFID, Sepa, Faster Payments and PSD. This ensures that our teams are more effective, motivated, and productive when engaging on projects for our customers.