Capital Markets
One of the leading banks in the UAE wanted to ensure a seamless treasury transformation. The project involved replacing the bank’s legacy integrated treasury and risk management application system with application Calypso V 17 by Nasdaq system integration testing (SIT), performance testing (PT), user acceptance testing (UAT), and regression testing. We were able to deliver a defect-free experience post-go-live, unlocking the full potential of the new treasury management system.
The client is one of the largest private banks in the UAE, recognized for its innovative retail and commercial banking services. With a focus on digital transformation, the bank embarked on a treasury modernization journey to improve operational efficiency, reduce costs, and enable real-time risk monitoring. The transformation was aimed to support Seven highly trades products (Fixed Income, Repo, Money Markets, FX, FX Options, Interest Rate Swaps and Collateral Management) with higher degree of straight through processing and near real-time risk management.
QualityKiosk implemented a comprehensive transformation assurance program to support the bank’s migration from the legacy treasury platform to Calypso v17, ensuring a seamless transition across functional, integration, and performance layers.
The approach combined deep domain expertise, strong stakeholder collaboration, and a structured testing framework to unlock the full potential of the new treasury management system.
QualityKiosk conducted detailed walkthrough sessions with business teams to align application functionalities with test cases, ensuring clarity and shared understanding across all parties.
The team developed 5,000+ test cases for each testing cycle, achieving 100% coverage for BAU scenarios and ensuring thorough validation across all treasury products.
An automation-first strategy was adopted early in the project. Automation scripts for critical functionalities enabled smooth execution during multiple UAT rounds and regression cycles.
Close coordination with upstream and downstream application owners and third-party providers like Clearstream and Euroclear enabled robust end-to-end integration validation.
Day-wise execution plans were created and shared with stakeholders. Daily defect triage ensured timely prioritization and closure of issues.
A detailed performance testing strategy validated system behavior across Calypso, EOD batches and EPH, BPS, Swift, and other connected applications. Simulated real-world user concurrency ensured reliable performance for end users.
A combination of tools such as AppDynamics, database logs, and Perfmon provided real-time visibility into application and system performance, enabling quick issue identification.
Because Calypso is a thick-client application, traditional PT tools were insufficient. The team innovatively repurposed automation scripts and executed them using LoadRunner, supported by 20 terminals running LoadRunner and UFT for accurate load simulation.
Delivered as reusable assets covering all 7 products
during SIT, UAT, and Regression phases
handed over for future scalability and enhancements
during PT for benchmarking in the bank’s environment
through enhanced Straight‑Through Processing (STP), eliminating manual steps and improving operational efficiency.
by providing real‑time position monitoring, risk management, and enhanced monitoring capabilities across treasury operations.
allowing the bank to handle high‑volume transactions efficiently and operate with greater accuracy and agility.
by replacing a legacy system with a modern, scalable, and integrated treasury platform.
Automated trade booking to payment without manual intervention
Dashboards for proactive alerts and threshold-based notifications.
We were pleased to partner with QualityKiosk as they supported our bank in our successful Calypso treasury transformation project. Their deep expertise was evident during the SIT and UAT cycle, which extended to their support of our business users and driving learning of the new solution. This empowered end users to effectively use the ‘out of the box’ product capability offered by the engine from the start.
Due to this strong collaboration, we are now live on Calypso version 17 and our organisation is achieving more, in less time. We recommend QualityKiosk as a trusted partner.
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