Financial services

Trusted partner to the world’s leading financial institutions

Cutover is trusted by leading financial institutions, with more than 10,000 registered users at renowned global banks, including two of the top three largest US banks, and three of the top five global investment banks. Why? We provide an unparalleled platform for preparing, rehearsing, running, and evaluating complex activities. All with the rigor and precision demanded by the financial services industry and its regulators.

Global payments team at multinational bank improves ongoing technology change with Cutover

The Global Payments team in a British multinational bank that undergoes 300,000 changes per year needed a solution to help orchestrate their continuous transformation.

Challenge

The team was using manual tools and processes, along with some technical automation. This approach was no longer sufficient for the volume and complexity of change.

Solution

Cutover is now used to manage the change process instead of spreadsheets and technical automation. There is no longer a need to constantly update and distribute static documents.

Results

By leveraging Cutover, the Global Payments team was able to reduce the number of failed or delayed changes by half, saving an estimated £15 million per annum. The bank now has an improved view of the velocity of change and a reduction of risk.

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Financial institution saves £12m per annum on change

This company needed to improve their capacity to release more technology change, reduce release failures, and ensure an audit trail was in place for regulatory and learning purposes.

Challenge

Making changes to 24/7 online and digital channels involves a high level of outage risk. Major releases required at least ten walkthroughs for briefings and approvals, making change slow and costly.

Solution

The financial institution began to orchestrate their change events in Cutover, to improve the risk mitigation level, execute planned maintenance and upgrades, and avoid follow-on incidents that could affect customers.

Results

As a result of using Cutover, several of the global development centers were able to perform one extra large-scale release over the year, delivering up to a 20% increase in capacity. They also made an estimated saving of £12m per year by avoiding incidents.

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American multinational bank delivers major data center migration with Cutover

Needing to reduce risk as part of its global data center strategy, a major multinational bank was facing a large-scale data center migration requiring triple the usual volume of change.

Challenge

Exiting 12 data centers and migrating 2,400 applications to four new data centers meant increased risk and resource requirements, beyond the capabilities of existing tooling.

Solution

The bank decided to automate as much of its service offering as possible, across the set of human and machine activities. Cutover’s library of runbook templates was the starting point for building out their migration plan.

Results

The bank obtained an unprecedented level of visibility and control, thanks to Cutover’s overall view of progress, delays, issues across applications, lines of business, and the entire program of migration activity.

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Trusted partner to the world’s leading financial institutions

Global payments team at multinational bank improves ongoing technology change with Cutover

Challenge

Solution

Results

Financial institution saves £12m per annum on change

Challenge

Solution

Results

American multinational bank delivers major data center migration with Cutover

Challenge

Solution

Results

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