Risk Management Application Modernization
Context
As part of its IT transformation and in response to increasing regulatory requirements, the client initiated major upgrades to its applications dedicated to risk management and financial reporting. Two critical systems were involved: SCREAM, used to calculate risk indicators under Solvency II, and OLISFA, dedicated to financial reporting and the integration of processing scripts. To secure these evolutions and ensure the reliability of regulatory processes, the client relied on Avaliance to support technical developments, modernize deployment processes, and stabilize production environments.
Challenges
The client needed to ensure compliance with Solvency II requirements while improving the reliability of risk calculation and financial reporting systems.
Key challenges included automating deployments, reducing technical debt related to legacy scripts, improving the quality of financial reports, and stabilizing application environments in a highly regulated context.
Achievements
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evolution and maintenance of the SCREAM application for Solvency II risk indicator calculations
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implementation of automated deployment processes using Jenkins
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development and enhancement of financial reports using Actuate
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decommissioning of Groovy scripts and integration of processing logic into the OLISFA application
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analysis and resolution of production incidents to stabilize financial reporting environments
