Case Studies
Delivering an Easy Access Solution to Accurate and Timely Pricing Data
BackCHALLENGE
A leading global investment bank was dissatisfied with its existing
solution for Instrument and Pricing information, since much of this
vital data was held in isolated silos, duplicated across various
systems, and not easily scalable.
CROSSBRIDGE
EXPERTISE
Extensive experience & unique understanding of financial
markets and systems in order to rationalise and re-engineer these
existing groups, and also to offshore a number of commoditised
functions so that the bank could begin to build a Reference Data
Shared Service.
CROSSBRIDGE
DELIVERY
Crossbridge delivered a robust and practical governance structure
that was in tune with the bank's needs.
Key Deliveries:
-Produced a scope review along with stakeholder assessments
-Provided a solution design and proof of concept delivery
-Reviewed functions performed by senior managers through to team
analysts
-Developed a pragmatic and strategic future operating model
-Rolled out a system migration planning and management
CROSSBRIDGE
VALUE
Crossbridge was able to produce a highly practical roadmap for
delivery, supported by a detailed business case and budget, which
enabled the bank to launch a strategic programme for change that
would bring value to the organisation.
Key Value Indicators:
-Decommissioning of two different legacy systems resulting in a
saving of $1.75m
-Helped create a genuine shared service which lead to a reduction
in breaks
-Developed a system accessible to all teams
-Ensured the bank had consistent access to 'clean' data, and also
helped reduce the amount of conflicting information held in
different silos
