The fast pace of change in the global financial services industry has created the need for a new generation of complex IT solutions that operate in real time with continuous availability and reliability. The challenges faced by the industry are forcing organizations to keep pace with technological advances and to become more proactive and efficient while reducing costs.

In the Finance marketplace, research shows that 55% of future IT initiatives will be concerned with compliance with Sarbanes Oxley and Basel II at the top of the list. 33% of IT effort will be aimed at reducing costs of operation. GTEN methodologies using automation and test asset reuse ensure that savings of 25% of the cost of testing, and 40% savings of the time taken to test are achievable in many instances whilst ensuring that control remains with management.

The drivers that are affecting IT initiatives within the finance market are:

• Compliance
• Improve customer service and retention of customers
• Reduce business process costs
• Improve intra-company working and communication
• Acquire new customers
• Improve working and communication with partners and suppliers

All these drivers require IT initiatives to be effective and to be tested and implemented in the most effective and efficient manner to provide maximum impact and cost savings. GTEN provides proven and tested methodologies to ensure that successful initiatives can be implemented.

The drivers of these IT initiatives result in the implementation and upgrading of web-based offerings, the improvement of back office systems and the integration of existing and new systems, particularly legacy systems. All of these require extensive testing to ensure that customers are provided with stable and secure web-based solutions and to implement cost-effective integration strategies for the business. GTEN will provide the required resource and expertise to ensure the success of these IT initiatives.