Key challenges
- > Risk management advice and support essential
- > Time management and delivery support needed
- > New platform required to exhibit banking-grade security
- > CxO-level sponsors sought assurance on quality of technology created
Key outcomes
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> Secure, scalable cloud platform provided within 3 months
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> Technology improvements enabled quicker production release
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> Created bespoke way to manage cyber security risks
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> Real-time insights for risk analysts
The challenge
> Our client, a FTSE 100 bank, embarked on an ambitious project to create a brand new, standalone digital retail bank from scratch.
> They decided to build cloud-first and embrace modern, lean development practices, creating a large software engineering team with a very high degree of freedom to create brand new core banking, payments, financial crime, data analytics and back office systems from a clean slate.
> However, in such a fast-paced, ever-changing environment, the client needed support to manage their biggest technology risks.
> They looked to DMW to ensure that that production systems were delivered on time and that the new platform exhibited banking-grade security, as well as ensure that CxO-level sponsors had faith in the quality of the technology being created.
The results
> As a result of our actions, we were able to take the bank from a proof-of-concept environment to a secure, scalable production infrastructure suitable for mass beta testing in the real-world within 3 months.
> Our technology improvements enabled an increase in production release from monthly to daily.
> We created a brand new, bespoke way to manage cybersecurity risk in a continuously changing environment, giving risk analysts real-time insight into the state of the bank’s cloud systems which would previously have required paper-based audits.
> With our insight, we were able to assuage internal and external stakeholders’ reservations.
