Alpha Data Platform & Back Office Transformation: First-of-Its-Kind Alpha Implementation
Our implementation marked the first Alpha Data Platform (ADP) solution without Front/Middle Office components, turning 100 data streams into one unified powerhouse of performance.
The Challenge
A major financial institution faced a complex data architecture challenge: over 100 different mechanisms for receiving State Street data needed to be streamlined into a unified enterprise solution. This pioneering initiative would mark the first-ever implementation of State Street’s Back Office via ADP without the Front/Middle Office components of the Alpha model—charting entirely new territory in the industry.
Our Approach
Positioned at the vanguard of innovation, Liqueo deployed our data and State Street Alpha experts in crucial Business Analyst and Project Management roles to spearhead this groundbreaking implementation. We orchestrated:
- End-to-end leadership of ADP and State Street Back Office analysis and implementation
- Direct collaboration with State Street to elevate product maturity
- Strategic advisory services to shape the solution architecture
- Critical stakeholder management from technical teams to ExCo level
- Creation of a blueprint for future implementations
The Results
- Pioneering Innovation: We architected and implemented a first-of-its-kind service from the ground up, providing strategic guidance from SteerCo level through to technical execution. This breakthrough offering has now become a template for future implementations.
- Technical Excellence: Our comprehensive delivery encompassed:
- Leadership across infrastructure, platforms, data, testing, and solution design
- Creation of sophisticated workflow and architectural diagrams for ADP data flows
- Development of robust documentation, business requirements, and solution design
- Implementation of comprehensive test strategies, plans, and cases
- Establishment of new communication channels between client and State Street
- Strategic Impact: Our expertise catalysed lasting improvements:
- Real-time feedback loops with State Street’s product and implementation teams
- Significant advancement in product maturity, benefiting the entire client ecosystem
- Creation of a scalable blueprint for future back-office-only implementations
- Strategic guidance that bridges technical complexity with executive-level decision-making
The success of this transformation, scheduled for go-live in late 2024, demonstrates Liqueo’s unique ability to pioneer new solutions while managing complex stakeholder relationships. By combining deep technical expertise with strategic vision, we’re helping shape the future of State Street’s Alpha offering while delivering tangible value to our client.
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