BANKING
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.-
Fragmented Process
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Difficult to make changes
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Performance Issues
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Not Scalable to add new LOBs
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Heavy Custom Coding – Long time to Production (3 Years)
The current solution deployed by Princeton Blue leveraged Agile methodology with a focus on:
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Redefining Process Architecture
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Eliminating Legacy Code
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Rebuilding Database Model
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Focus on Code Re-usability and modularity
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Flexible Design to allow changes quickly
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Implemented using Agile Methodology – 6 Sprints each @ 2-3 weeks
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5 Months of effort leading to First Go-live in 3 Years
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60% Improvement in Performance
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70% Code Re-use across LOBs
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Significant Improvement in Exception Handling
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Scalable to add new LOB Integration quickly
