Investment Bank is a European investment bank that specializes online trading services in various financial markets, including Forex, stocks, CFDs, futures, funds, bonds, and investing.
The bank has established partnerships with other financial institutions, such as Standard Bank, Old Mutual Wealth and Best, allowing these partners to use Bank’s platforms under their own brand names.
Cost Savings and Resource Optimization
Hours delivered back to the business
CI/CD integration
The success rate of test case completion
Release frequency increased
The Chalange
The investment banking industry relies heavily on robust and reliable software systems. Our client, a prominent investment bank, faced challenges in ensuring the quality of their trading application, main website, and OpenAPI platform. Manual testing was time-consuming, error-prone, and hindered their ability to release updates swiftly. To overcome these challenges, Techcollators, a trusted IT service company, collaborated with the bank to implement comprehensive test automation using Selenium and C#.
What did
Techcollators do
Techcollators, armed with their expertise in test automation, chose Selenium as the automation tool and C# as the programming language to create a tailor-made solution for the investment bank’s specific needs.
Implementation Highlights:
Trading Application Automation: Techcollators began by automating the investment bank’s complex trading application, which required rigorous testing to ensure data accuracy, order execution, and compliance with financial regulations.
Main Website Automation: The bank’s main website, a critical customer-facing platform, was automated to ensure functionality, security, and a seamless user experience.
OpenAPI Platform Automation: Automation of the OpenAPI platform was essential to validate data exchange and integration with external systems. This enhanced reliability and trust in the bank’s financial data services.
Benefits Realized
Enhanced Software Quality: Automation ensured thorough and consistent testing, reducing the risk of critical errors in financial systems.
Time and Cost Savings: Reduced testing time, labor cost savings, and resource optimization led to significant cost reductions.
Faster Releases: Agile development was facilitated with quicker feedback, leading to more frequent and reliable releases.
Reduced Risk: The bank minimized the risk of financial losses and reputational damage through automated testing.
Improved Competitiveness: Faster releases and higher quality software made the bank more competitive in the dynamic financial sector.
Success Metrics
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Enhanced Testing Coverage
- Automated end-to-end testing across all platforms.
- Increased test coverage, addressing more use cases and scenarios. -
Improved Test Efficiency
- Reduced regression test execution time by 75%.
- Faster feedback on software changes, accelerating development cycles. -
Reduced Risk
- Critical trading application tests are automated, reducing the risk of financial losses.
- Consistent and reliable automated tests minimized false negatives and positives.
- Enhanced defect detection rate, reducing critical issues reaching production by 60%.
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Test Execution Time
- Manual testing that used to take days now completed in hours.
- Parallel test execution on multiple environments for quick validation. -
Release Frequency
- Increased release frequency by 50%, responding to market demands promptly.
- CI/CD integration ensured smoother and more frequent releases. -
Cost Savings
- Labor Cost Reduction: Savings of $700,000 annually due to reduced manual testing efforts.
- Resource Optimization: Reduced dependency on a large testing team allowed for resource allocation to other strategic initiatives.
Conclusion
Techcollators’ implementation of Selenium and C# for test automation transformed the investment bank’s software testing landscape. Enhanced coverage, improved efficiency, reduced risk, and substantial cost savings were achieved, making the bank more competitive and reliable in serving its clients and partners in the investment industry. Automation empowered the bank to stay ahead of market demands, and Techcollators demonstrated the true value of a trusted IT solutions partner in achieving success.
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