One of Australia’s big-four banks required a strategic review of a critical platform used for Risk calculations and Financial Reporting. With the current technology nearing the end of the vendor support agreement, the organisation needed to determine the platform’s strategic roadmap. Was upgrading to the vendor’s new version the best approach, or could benefits be found by engaging new vendors or building in house?
Armour Consulting was engaged to conduct a strategic review of the platform. The review, coupled with the organisation’s appetite to build in-house, resulted in a request to capture business requirements supporting a custom build.
Armour documented these business requirements with the support of personnel across Risk, Treasury, Finance and Technology. The foundation requirements related to the calculators conducting Credit Risk Weighted Asset and Collective Provisioning. In addition, key requirements were captured relating to end-to-end flow of data.
These included validation of data inputs, data input adjustments to manage infrastructure deficiencies, application of overlays on calculated data and the provision of reports and analytics for downstream users.
The requirement documents were approved and Armour was invited to manage the solution design phase.