For institutions that do their own development, app dev is an expensive proposition. The costs associated with staffing, training, development, staging, and testing hardware and software taxes the ability of the institution to move investments to line-of-business needs. The situation is particularly challenging in the support of older, legacy systems.
Goals and Objectives
Create a cloud-based development and testing environment that leverages lower cost resources, whether onshore, nearshore, or offshore, while maintaining risk, governance, and security controls.
Application and automated testing tools
Integration with risk, governance, and security systems
Use Case Summary
Moving some or all of the insurer’s development and testing to the cloud is a way to reduce the costs of application implementation and free up investments in the core business of the institution. This is more often a cultural and process change than one of technology.