endorsedCompleted

OSI Remediation and Application Modernization for Financial Services Firm

Services Covered:

Custom Software Development • Website Development • Legacy Application Modernization

Industry

Financial Services

Duration

6 months

Budget

200K - 999K

Start Date

1 June 2009

Team Size

6-10 Employees

Engagement Model

Offshore

Project Capability Score (PCS)

74/100

Good

Project Capability Score (PCS) estimates how capable ASSIST Software is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

Terra Nova Financial Group

Chicago, United States of America

Project Summary

A Chicago-based financial services firm hired ASSIST Software to remediate application programs, data interfaces and SQL database objects to meet the Option Clearing Corporation’s Option Symbology Initiative (OSI). The vendor repaired SQL objects and application code (VB, C#, ASP/ASP.NET) and delivered a compliant solution on time. The client praised the team's modern project management and the high quality of deliverables.

Key Challenges

Remediate applications and data interfaces to meet the Option Clearing Corporation's Option Symbology Initiative (OSI) requirements
Update SQL database objects and associated code (VB, C#, ASP) across screens, reports and websites

Project Deliverables

SQL objects (tables, procedures, views, functions, triggers)
VB 6.0 code remediation
C# application code and classes (command-line applications, web services, GUIs)
ASP and ASP.NET web pages
Screens, reports and remediated websites

Project Solution

ASSIST Software performed remediation of applications, data interfaces and SQL database objects to comply with the Option Symbology Initiative. The scope included updating SQL objects (SQL 2000/2005), remediating VB (VB6) and C# application code (command-line apps, web services, GUIs) and updating ASP/ASP.NET web pages. The vendor was selected after a comparative study of five vendors and referrals and staffed a 6–10-person team for the engagement.

Project Outcome

High-quality product fully compliant with OCC/OSI rules
Project delivered on time
Modern project management and outstanding service

Platforms

Tech Stack

SQL
.NET
C#
ASP.NET

Client Endorsement

Overall Review Rating

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“ASSIST Software's performance and services were outstanding. They delivered a high-quality solution that was compliant with the new OCC rules. Moreover, their modern project management style resulted in completing the project on time.”
Cris Doloc
Former CTO
Date: 02/15/2022