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Financial services company builds global innovation center from the ground up

Business Situation

A large, multi-national financial services holding company wanted to create a world-class, cost-effective innovation and development center to drive its business forward. The company needed a partner to help it rapidly staff a new location with employees that are savvy to the needs of the capital markets and financial services business.

Solution

In six months, Avanade designed, built and opened a new Center of Excellence (CoE) for the client, sourcing 30 percent of the overall hiring needs (75 engineering consultants).

Avanade managed multiple aspects of the CoE, including recruiting and training. We also advised on CoE organizational management and underlying delivery excellence.

Results

Since completion, the CoE has increased digital innovation for the company, and has implemented strategic client programs focused on best-in-class development in trade capture, risk, pricing, regulatory and market data solutions. It is now a primary strategic location for IT project delivery, which has helped the client launch new software products faster and at a much lower cost.

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