Application and Product Development

Custom Application Development entails providing solutions and applications to the customers to address specific business needs, processes and practices that are unique to the customer based on the markets wherein they operate. The applications customized for the client enable them to be competitive, flexible and take care of local customisations that are key to the success for operating the business in local markets. Custom application development demands a deeper insight into clients’ requirements, business processes, and success is hinged upon the extensive expertise in the business domain, technology and strong delivery capabilities (onsite-offshore) backed by mature processes.

The HSBC Group believes in developing ‘evergreen’ applications and where applications are meant to provide a competitive edge. The Group encourages the building of products and applications that can be used across the globe, so that best practices can be shared while the Group leverages the overall technology management cost benefits.

At HSBC-GLT, we bring to the table extensive functional and technical expertise with vast experience in different business verticals, global markets, and state-of-the-art technologies that enable better understanding of the needs for developing scalable, flexible and robust customized applications for our customers worldwide.

In line with the Group IT strategy to ‘evergreen’ applications, several development initiatives of GLT focus on migrating existing systems. In these cases, existing systems are often on legacy platforms facing technical obsolescence. Since, the businesses also change and functionality evolves through the years, the challenge is high to manage change. The teams need to ensure that the new system provides the superior levels of stability and performance as their predecessors.

There are also new business needs stemming from new revenue streams or regulatory needs that require new application development.

GLT provides HSBC with ‘Clear Choices’ on the options available to the Group to develop or buy new applications/products. The expertise on varying domains is leveraged by GLT to then develop the necessary applications in close conjunction with customers, users, global IT teams, strategic partners and other stakeholders. Working on n-tier layered architectures and platform independent design are the keys to GLT successes.

Large Group Systems also termed as ‘Flagship Projects’ have been or are being developed by GLT. These encompass areas in Enterprise Application Integration (EAI), Financial Messaging, Payment Systems, Core Banking, Private Banking, Business Intelligence and Data Warehousing.