The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Validata to Offer Test Factory Services for Banking Customers to Hexaware

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.

Related content

WEBINAR

Recorded Webinar: Synchronizing Precise Time For Trading, Around The Planet

This webinar has passed, but you can view the recording here. This webinar focuses on synchronizing ultra precise time (i.e. sub microsecond) across distributed (Linux) applications deployed in high frequency and algorithmic trading. The challenges are twofold: First, how to very precisely synchronize the time between computers in a trading system. The second, is how...

BLOG

Blackmore Capital’s Collaboration with OTCfin Completes Integration of ESG Factors into Investment Process

Blackmore Capital, a Melbourne-based asset manager set up in 2018, and New York-based OTCfin have completed the integration of ESG factors with financial data for all Blackmore portfolios. By incorporating ESG factors into Blackmore’s investment process, OTCfin’s risk and regulatory reporting solution will help the asset manager’s team improve portfolio monitoring from both a financial...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Regulatory Data Handbook 2014

Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...