Business Acceptance Review Process

Vertical: Banking
Business Area: Business Acceptance Review Process

This global wealth management bank needed a process to comply with Business Acceptance Review Process (BAR) committee standards. Princeton Blue’s hands-on approach led to the creation of a completely revamped and compliant process along with implementation while leveraging Agile methodology.

Business Need

This global wealth management bank with nearing $1 trillion assets under management needed a process to comply with a new policy that requires all Contracts to be reviewed by “BAR” Committee, comprising of users from different groups across company and affiliates.

Pain Points

  • Fragmented Process
  • Difficult to make changes
  • Performance Issues
  • Not Scalable to add new LOBs
  • Heavy Custom Coding – Long time to Production (3 Years)

Solution

The current solution deployed by Princeton Blue leveraged Agile methodology with a focus on:

  • Redefining Process Architecture
  • Eliminating Legacy Code
  • Rebuilding Database Model
  • Focus on Code Re-usability and modularity
  • Flexible Design to allow changes quickly
  • Implemented using Agile Methodology – 6 Sprints each @ 2-3 weeks

Benefits

  • 5 Months of effort leading to First Go-live in 3 Years
  • 60% Improvement in Performance
  • 70% Code Re-use across LOBs
  • Significant Improvement in Exception Handling
  • Scalable to add new LOB Integration quickly

Revamped a compliance process for a global bank to comply with the committee standards of business acceptance review.

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