About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Validata to Offer Test Factory Services for Banking Customers to Hexaware

Subscribe to our newsletter

Hexaware Technologies, a global provider of IT, BPO and consulting services, today announced a partnership with the Validata Group, an application lifecycle management (ALM) solutions vendor for the banking and finance sector.

Hexaware’s Quality Assurance and Testing Services (QATS) division will work with Validata Group to deliver Validata SAS Test Factory – a unique quality management (QM) model that covers quality assurance (QA) and quality control (QC). This joint offering increases the choice for customers providing them more control over successful project delivery and will enable customers to have a better predictability over IT expenditure, simplified planning and reduce costs.

Customers are under constant pressure to reduce costs on IT applications at the same time maintain high quality assurance. Banks across the world are focusing on replacing their legacy core banking applications with the latest systems that can enable them to put in place a customer centric approach, that can not only strengthen relationships, but also lead to increasing customer profitability. Given the current market conditions, more and more such banks are actively looking at partners and solutions that can reduce overall implementation time and cost as well as help them gain a lead in the market.

Uday Reddy, head of banking and financial services, Hexaware Technologies, said, “Validata’s reputation in the banking and finance sector made them our obvious choice for a partner. Test Factory is proving to be the model of choice for client engagements globally. Equipped with a full range of standardised quality assurance frameworks and methodologies, the Test Factory modular solution enables Hexaware to deliver solutions on demand and the scale to meet customers’ needs across diverse technologies adopted by banking clients worldwide. This solution will enable us service our customers by helping in accelerated implementation and testing of deployments.

“Today, Hexaware’s Centre of Excellence (CoE) for Banking offers end to end services from strategic consulting, integration with local customisations to maintenance and support, integration upgrades and specialised testing services,” added Reddy.

The Validata Group along with Hexaware team will offer services involving the outsourcing and hosting of the QA solution in secured Active Server Pages (ASP) mode and an exhaustive offer of services. This service will also be available on ‘pay-per-use’ model.

Vaios Vaitsis, CEO of Validata Group, said, “Validata SAS Test Factory draws together world class services, a fully integrated ALM platform for the Banking and Finance sector, ready Business Accelerators, best practices and is thus unique to the industry. It enables the testing process to be initiated immediately enhancing operational efficiency and an instant time to market. The Test Factory offers the customer a level of confidence in the Quality Assurance which means they can concentrate on delivering their core competence, while we deliver on ours.”

The three key factors which differentiate Validata Group include the modular software solution that is based on SOA architecture, the model driven requirements and testing approach and the team of partners with a keen sense of client relations.

“By making use of these partnerships, we plan to develop and strengthen our presence even further in Europe, Middle East and Asia,” added Vaitsis.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking Transparency in Private Markets: Data-Driven Strategies in Asset Management

As asset managers continue to increase their allocations in private assets, the demand for greater transparency, risk oversight, and operational efficiency is growing rapidly. Managing private markets data presents its own set of unique challenges due to a lack of transparency, disparate sources and lack of standardization. Without reliable access, your firm may face inefficiencies,...

BLOG

S&P Global Data via Cloud: Unlocking Real-Time, Scalable Insights with Snowflake and Databricks Delta Sharing

As organisations accelerate their cloud migration strategies to manage growing volumes of structured and unstructured data, demand is rising for secure, real-time, cloud-native access to trusted datasets. Leveraging Snowflake and Databricks Delta Sharing, S&P Global provides a scalable, agile foundation that allows organizations to directly access and query S&P Global and curated third-party datasets without...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Data Lineage Handbook

Data lineage has become a critical concern for data managers in capital markets as it is key to both regulatory compliance and business opportunity. The regulatory requirement for data lineage kicked in with BCBS 239 in 2016 and has since been extended to many other regulations that oblige firms to provide transparency and a data...