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Global development and delivery for financial services from IBM

Executive summary Business view Technical details
The goal
Optimize development, speed delivery, simplify compliance
The global development and delivery solution for financial services from IBM provides services and software to help improve development transparency, oversight and outcomes. The solution provides services to help firms optimize application development and the delivery of these to end-users with a needs assessment, prototype development and deployment to create a compliance-ready framework that leverages proven IBM Rational® tools.

The advantage
The proven partner for application development and delivery
IBM brings extensive knowledge and experience to help you with custom applications development and delivery within the financial services industry. We have:
  • More than 7,000 consultants in 160 countries dedicated to the financial services industry.
  • A client list that includes 97% of the financial services industry companies on the Fortune 500 list.

IBM supports Rational users through a wide range of communities, including:
  • The Ready for IBM Rational Software program to validate the interoperability of IBM Business Partner products and IBM Rational products.
  • IBM developerWorks® Rational offering technical resources and best practices for the Rational software platform.
  • Rational User Groups—independent, user-run organizations that provide an open forum to promote information exchange between customers and IBM Rational staff.

The benefits
Tailor the solution for you
This solution offers services and software to help you develop and deliver applications to support products and services—such as online banking, wealth management or insurance policy initiation—with governance features to meet regulations for auditing, reporting, security, privacy and other mandates.

The IBM Rational Business Driven Development for Compliance Service Offering is a multiphase services engagement.
  • Phase 1 is designed to assess your company needs and implement a predefined prototype solution in a non-production environment to gain a clear understanding of process requirements, environmental constraints, scope and estimated charges for Phase 2.
  • Phase 2 is intended to deploy the customer-specific solution to a production environment, roll out the solution to end-users, and plan for the administration and maintenance of the environment, resulting in a fully-functional, sustainable solution.
  • Phase 3 is optional and provides an evaluation of the impact that regulatory, business or policy changes may have on your solution and extend or modify the solution, as needed.

IBM Rational development tools enable key capabilities to improve the transparency, productivity and governance of your software development activities. This solution:
  • Automates the enforcement of regulatory mandates such as Sarbanes-Oxley, Basel II, HIPAA, FISMA and FDA 21 CFR Part 11.
  • Provides lifecycle traceability to help auditors verify that compliance requirements were accurately captured and implemented in key applications.
  • Maintains a repository of SEC, IRS, NYSE, FASB, EU requirements to map the impact of these on the software development lifecycle.
  • Enables flexible metrics and reporting, electronic signature and audit trail capabilities that can be tailored to the processes and IT controls that govern your development environment.
  • Offers enterprise portfolio management to provide visibility into compliance remediation projects within the context of all IT activities.

The approach
A Rational approach for financial institutions
Flexibility is the cornerstone of IBM Rational solutions.
  • Working with a cross-functional team, IBM helped a regional bank implement best practices for geographically distributed development, using IBM Rational ClearCase® and IBM Rational ClearQuest® to automate and enforce internal controls. The company credits its new solution with improving team collaboration and providing a reusable foundation for helping to ensure Sarbanes-Oxley compliance.
  • A full-service brokerage firm that needed to standardize internal software development to keep up with regulatory compliance and emerging technologies adopted IBM Rational components (including Method Composer and RequisitePro®) company wide. The firm expects faster delivery of applications, benefiting the development process and consultants on the business level.
  • Using IBM Rational Unified Process®, a major insurance company has improved software development processes. It says it consistently delivers successful compliance and testing efforts with better, more efficient project management.

The financial advantage
ROI in a complex industry
As the pace of globalization, consolidation, commoditization and competition accelerates, financial services organizations are facing increasing pressure to be more agile and cost efficient, while adhering to increasing regulations. We can help you:
  • Improve your application development environment to increase your business flexibility so you can respond to customer demands for new products and services more quickly and easily.
  • Speed the collection and tracking of metrics to support compliance and facilitate objective business decision making.
  • Reduce the cost and risk of unifying business processes, applications and data due to mergers and acquisitions.
  • Optimize application delivery to help ensure end-users are all working from a common application or application version.

Next steps
 
Questions about this solution? Contact an IBM financial services specialist.

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More information
IBM Rational for banking
IBM Rational and regulatory compliance
IBM developerWorks: Rational compliance
Hardware
Focus on systems