AI will be a key component of task and process automation. Holmes is being piloted across the spectrum of operations in the capital markets with an eye toward exponential increases in efficiencies.
As part of the theme of complexity mitigation, tools are required to ease the automation process, rapidly design test cases and create a simpler means of creating regression analysis. Wipro’s next-generation managed services QA delivery framework integrates best-in-class tools, IPs and best practices to address the needs of multi-speed enterprises implementing bimodal IT. By establishing a global partnership with Wipro, the co-creation of innovative solutions for digitalization, automation and simplification will drive the team’s agenda and the bank’s goals in the most rapid fashion. An example is Wipro’s automation framework that serves as the foundation of the bank’s global test automation standard.
Within QA, an entire mapping of the tools available, analytics, dashboards, reporting, and esource allocation needs to be managed centrally and offered in the most effective way possible across the lifecycle. Quality as-a-service (QaaS) is another such tool to drive:
- On demand QA
- Project management
- Real-time QA analytics
- People management
- Estimation tools
Simplifying the testing lifecycle by integrating the full lifecycle of QA will accelerate go to market, maximize reliability, and drive return on investment.
Innovation Day wrapped up with a call for action, along the key themes of the day. The joint working groups, with members from the bank and Wipro teams, will focus on strategy and tactics in the move to increased digitalization, automation, and simplification.
- Digital transformation: Continue to map out the way forward for the digitization of the bank. Work feasibility of some Proof of Concepts (PoCs).
- Automation: Strategy for implementing increased automation, as well as moving to a culture of BDD and DevOps with a focus on mobility.
- Tools and solutions: The specific tools and solutions that Wipro can offer to the bank.
- Security testing: Supporting the creation of a Security Testing Framework (STF) to map across the bank’s organization.
Anchors have been identified from both the bank and Wipro with an objective to work jointly and adopt the relevant tools and solutions across the bank to enhance the capabilities of the testing organization to meet its strategy.
Trends in digitalization will accelerate, and the challenge for established financial firms will be to find the correct means of collaborating with new business models and innovative technologies. Partnerships are growing and are key to creating value for internal and external clients in the challenging environment in which we all compete. Firms will continue to move to more digital, simpler and more automated models. Testing will move forward to leverage behavioural, business and technology changes to implement the bank’s strategic goals. The joint working groups between Wipro and the bank are immediately forming and working to implement testing strategy across the bank.
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