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CA Technologies and Maveric Systems, a leading technology assurance partner to banking and telecom leaders, today announced their collaboration by choosing CA Service Virtualization platform to build solutions for the financial services sector to rapidly accelerate time-to-market and drive business agility to respond faster to market dynamics.
This will be achieved by eliminating constraints across the Software Development LifeCycle (SDLC) and accelerate time-to-market by enabling parallel software development, testing and validation.
This collaboration is the first step towards leveraging upon mutual inherent strengths to offer tools and services with a combined solution and service offering that will be of greater value to customers.
Financial institutions are transitioning their application development methodology towards agile with the aim of releasing applications and upgrades at a faster pace to ensure end-customer satisfaction.
However, this shift to agile is a challenging process and there is much need and scope for innovation in implementing agile for business applications. Maveric Systems recognized this trend in the banking sector and is geared towards enabling banks with an assured quality application through an Integrated DevOps approach.
As part of these offerings, service virtualization is a very integral component that will reduce the go-to-market period, increase the scope of automation, and cope with subsequent product/version releases with minimal change.
"CA Technologies' service virtualization platform is an acclaimed industry-standard automation tool widely used by most financial institutions globally. By adopting this platform, Maveric's domain and assurance capabilities will be combined with the platform's competencies. We aim to create domain-specific solutions that can be customized to specific institutions' needs, help increase the scope of automation while investing minimal time, effort and cost, and thereby enhance the quality of core assurance function," Co-founder and Director - Platforms and Solutions Maveric Systems, Venkatesh P.
There are several constraints involved during a software development lifecycle and service virtualization helps in making the process seamless by eliminating these constraints. The most significant step that service virtualization helps achieve, is to start the process of testing from the very beginning of the development lifecycle, thereby enabling Op Ex and Cap Ex reduction, parallel development and testing, infrastructure requirement reduction, and elimination of costs for third-party services.
"Today's dynamic business environment demands financial institutions to stay agile to address customers' demands, help manage risk and be compliant. As a result, it is imperative for financial institutions to deliver higher quality applications with a faster go-to-market approach. By adopting the CA Service Virtualization platform Maveric will work towards offering solutions that can meet these challenges - especially in testing - which has always been a big bottleneck in the entire development lifecycle. CA Service Virtualization will help to eliminate constraints, thereby optimizing the software development lifecycle," said Vice president Application Delivery Asia Pacific and Japan CA Technologies, Ashok Vasan.
Since 2012, Maveric has moved towards being a life cycle assurance provider focusing on defect prevention, rather than defect detection. Service virtualization is a strong accelerator of this shift in testing to earlier in the development lifecycle, thereby strengthening the concept of defect prevention. By building capabilities on CA Service Virtualization platform, Maveric aims to strengthen its requirements-to-release offerings for its banking customers.