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Investment Banking

For investment banks, 'IT cost Reduction' isn't enough.

An analysis of the annual reports of a couple of of the highest ten global investment banks has discovered that:

  • The typical spend on IT is about 5 % of revenues, and offshoring delivers savings of only 1.2 % of revenues

  • The bulk of costs, up to 49%, is compensation costs

 

We believe that 'IT strategies must positively effect investment bank's income generation potential'.

How to steal a Billion?

 

Investment Banks can do extraordinary results by re-engineering their IT development  framework. Typically, in an investment bank with 20,000 employees, 50% are involved in income generating activities with an earning potential of USD 1.1 million per employee. The bank can 'Steal a Billion' by deliver  5 percent of the time spent by these employees on IT associated  activities and diverting it to income generating activities.

 

This translates into a 9% increase in revenue per income generating employee, to USD 1.2 million. Source: Security Industry Association

 

Today, investment banks face variety of challenges - competition leading to falling margins, regulation and compliance problems, disclosure requirements and the pressures related with facilitating mergers and acquisitions, private equity placements and corporate restructuring.  To stay one step forward of the market, these banks have to regularly innovate and deliver new financial products. Whenever a new product has to be implemented or the existing software has to be improved with the addition of latest  features, meticulous requirements audit and comprehensive testing is imperative.

 

In Levarus, you will able to find a partner who delivers rigorous, structured requirements audit and testing services to satisfy these business challenges.

 

Our domain groups act with business users and contribute considerably to the understanding of necessities and specifications, thereby making certain that a software  developer works with an entire set of purposeful specifications.  This coupled with our extensive independent functional testing record allows near defect-free roll out of products within timelines.

 

Our dual specialization in financial domain and independent testing assist us provide the following services to global banks:

  • Business requirements mapping and analysis

  • Gap audit  between Business Requirements and Functional Specifications

  • Composition of comprehensive Business Requirements Specifications, Request for Proposals (RFPs) and Vendor

  • Evaluation Checklists

  • Independent functional testing

  • Creation of Automated Regression Test Packs

  • Testing centre of Excellence (TCoE)

 

With our comprehensive testing, we have assist our clients in near - defect free roll out of software products in the investment banking domain.

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