A credit analysis application for a high yield asset manager of one of the top-25 US-based asset management companies

About Client:

One of the top-25 US-based asset managers invested in high yield wanted to transform the credit analysis into an online platform.

Business Problem:

Client had clear objectives of developing the application. The key objectives were as follows:

  • The 24/7 access to the application for their offices across the US and Europe (including UK)
  • The repository of financials and credit analysis for slicing and dicing the data for idea generation
  • Real-time credit risk evaluation by integrating data feeds from 3rdparty databases like Bloomberg, Factset, Reuters, and others
  • Retention of the models/ analysis, despite the movement of the credit analysts

ValueAdd Solution:

Girish had set up a SWAT team of one Delivery Manager, two credit analysts and a development team comprising of Technical Project Managers, Team Leader, SQL expert, GUI designers and developers, Java developers, and testers.

Preparation of Functional Requirements Document (FRD):

  • Girish and team studied the client requirements through offshore requirements gathering, interviews, sample inputs and outputs, and understanding the business rules.
  • The FRD was signed off by the client after detailed review.
  • The FRD was discussed in detail with the technical team.
  • The technical team prepared a GANTT chart that was signed off by the client team.
  • The database designs and table structure were designed to meet the client’s scalable requirements.
  • The functional team designed each screen, input, and output in excel to confirm the requirements in black and white.

Agile development:

  • The development team got into action as soon as the requirements were clear.
  • The team developed each module as per the schedule and shared with the testing team for an internal testing.
  • The rigorous development process continued for six months, before the application was moved to the testing environment, for user acceptance testing.

Preparation of test cases:

  • Prepared test cases to spot errors/bugs in the application across financial rules, accounting logic, business rules, and apparent technical errors.
  • The dummy data sets were prepared to test the credit analysis
  • The integrations with 3rdparty databases were set to perform the integration testing.

Actual testing of the application and Go-Live:

  • The testing was split across stress testing, business rules testing, checking validations, validating integrations, and graphical user interfaces.
  • Done the alpha and beta testing.
  • The list of bugs was supported by screenshots of the errors
  • Explained each and every bug with the development team.
  • The application was hosted on the US server and was also successfully accessed by their London team.

Benefits Delivered:

  • The rigorous testing helped find all the bugs in the application, with minimal involvement of client’s team.
  • The application was hosted in the client environment in a timely manner and thus within the stipulated budgets.
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