Our client, a leading universal bank serving corporate, retail, and institutional clients, needed to modernize its market risk management platform to keep pace with evolving business needs.
How we helped: We upgraded its core market price risk application to deliver faster calculations, scalable performance, and secure modernization.
Challenges and Overview
The bank depends on a market price risk management application to calculate regulatory risk figures across the Group. These figures directly support capital requirements and strategic risk decisions.
The legacy tech stack showed real constraints:
- Hard-to-maintain proprietary architecture
- Slow and complex deployments
- Limited automation capabilities
- Performance bottlenecks under high calculation loads
- Development complexity due to a large delivery team
The project required a modern technology stack, improved security posture, and a delivery model built for scale.
Key modernization goals included:
- Migration to Entity Framework Core and open standards
- Introducing continuous integration and unit testing
- Establishing a scaled Scrum setup tailored for banking IT to enable the scaled development of new requirements
- Improving the system’s ability to support evolving regulatory requirements
Our Approach : Risk Platform Modernization
We improved the system while it remained fully operational – meeting daily business needs throughout the modernization.
1. Continuous delivery of improvements to strengthen performance
We kept the platform reliable and responsive while building the future state:
- New risk analytics features delivered to users
- Performance improvements focused on fastest paths to value
- Troubleshooting and fixes to keep risk reporting on track
- Ongoing security maintenance
- Automation of manual business processes
- Expansion with new services supporting Group-level risk monitoring
The application progressed every sprint, not only after the migration.
2. Structured migration to a secure and scalable tech stack
We planned and executed the modernization without service disruption:
- Codebase assessment and step-by-step migration roadmap
- Adoption of widely supported, security-aligned open source components
- Continuous integration to reduce production risks
- Testing discipline to protect data accuracy
- Phased deployments replacing legacy parts progressively
This approach allowed the bank to gain modernization benefits early – and continuously.
3. Agile team structure built for sustainable delivery in banking
The new foundation needed strong delivery practices to stay reliable. We introduced:
- A scaled Scrum organization supporting ~20 developers
- Clear collaboration patterns across cross-functional roles
- Shared best practices for performance and code quality
- Guidance on architecture choices that support growth
- Training to equip teams for long-term ownership
The result: a development model aligned to banking standards and risk timelines.
Benefits: Long-Term Value for Risk Management Teams
The modernization directly boosts the bank’s risk management capabilities:
- Teams adjust faster to regulatory changes because the platform now supports flexible updates.
- The system processes more instruments and data without performance issues.
- IT reduces maintenance costs by using standardized and well-supported technologies.
- Security teams apply updates and controls more effectively thanks to the improved technology stack.
- Developers deliver new features faster with modern workflows and testing tools.
The bank now runs a modern market risk management platform that scales with trading needs and supports continuous improvement – no more being held back by legacy technology constraints.
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