6+
Quality Assurance Engineers deployed
2,700+
test cases executed in <1 month
100%
on-time completion of critical test cases
OWNING CHANGE IN FINANCIAL SERVICES
Our client is a public institution entrusted with overseeing the banking ecosystem and strengthening financial stability, security, and compliance.
The challenge:Compliance Crunch
Our client was driving a mission-critical initiative to adopt the ISO 20022 standard for over-the-counter (OTC) derivatives through their centralised trade repository system. Developed by a third-party vendor, the system required rigorous user acceptance testing and system integration testing before being released to the end-users – primarily investment banking institutions. Lacking the required bandwidth and in-house testing capabilities, our client was prompted to explore strategic alternatives to complete all mandatory testing before the go-live deadline.
Things began to spiral out of control. The project timeline was extremely compressed, meaning a new testing team had to be identified and onboarded within a month. Adding to the complexity were fragmented communication channels and stringent compliance requirements. The testing scope required a deep understanding of both business and system logic, comprehensive data validation, and the execution of 2,700 mandatory test cases within just six weeks.
Our proposal:Precision Under Pressure
Faced with the daunting proposition of revitalising a derailed initiative under immense time constraints and regulatory pressure, TEKsystems embraced the challenge with unwavering resolve. Despite the odds, we leaned in with clarity, agility, and a comprehensive roadmap to steer the project back on course.
TEKsystems deployed a multi-skilled, domain-specialised team – comprising of a QA Lead, four manual QA Engineers, and one automation Engineer. Upon familiarising themselves with the system’s data structures and business rules, a comprehensive test strategy was developed, including detailed test planning, scenario design, and phased execution.
To manage the volume and complexity, the 2,700 test cases were divided into two phases. Phase one focused on validating mandatory data fields and executing both positive and negative test cases. Phase two was designed to cover more complex, scenario-based testing, and identify defects based on feedback from banking users. Despite constrained communication channels, TEKsystems’ team maintained strong coordination, stakeholder engagement, technical excellence, and regulatory alignment.
Real-world Results
TEKsystems’ testing team successfully completed all mandatory UAT test cases within the scheduled timeframe. This was an impressive achievement given the tight deadlines and the complexity of the testing scope. The team adopted a phased testing approach, starting with mandatory data fields and progressing to more intricate, scenario-based testing. By identifying and resolving defects early in the process, they helped minimise post-launch issues and ensured a smoother transition to production for both internal and external stakeholders.
The team’s ability to execute a high volume of test cases in just one month highlighted both their operational efficiency and their strong coordination and discipline. In addition, our consultants played a key role in strengthening the client’s internal testing capabilities. They embedded best practices and took full ownership of the test lifecycle, from planning and scenario design through to execution and reporting. This enabled the client to meet regulatory readiness requirements with confidence. The structured documentation and effective knowledge transfer also laid a solid foundation for future enhancements and regression testing.