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Maveric Systems in partnership with Allica Bank, wins IBSI Global FinTech Innovation Awards 2020

Maveric Systems, the global banking technology transformation specialist in partnership with Allica Bank, has been named winner of IBSI Global FinTech Innovation Awards 2020, for the “Best Quality Assurance and Quality Engineering execution” engagement, as most impactful project.

With a strategic vision towards servicing established small and medium-sized businesses (SMEs) in the UK, Allica bank embarked on an ambitious journey for their business launch. Maveric was selected to lead the quality engineering (QE) program to “Build-out-of-the-bank” after a thorough evaluation among various IT players. Maveric’s successful track record and experience in anchoring similar “Build-the-bank” programmes in the UK, also favored the selection.

The QE transformation exercise surrounded Allica’s market launch readiness which included their focused banking products, core banking application, treasury system, regulatory reporting, GL reconciliation, payments, digital platforms (mobile and web), API’s, MI reporting and more. Maveric’s continuous quality engineering approaches were introduced through shift-left automation strategies thus enabling faster time-to-market and early defect prevention.

Commenting on the recognition, Simon Bateman CIO of Allica Bank said “Maveric collaborated closely with Allica Bank to help us build a new bank designed specifically to serve the needs of SMEs in the UK. Their dependable and high-energy team provided top-level quality engineering expertise and helped us build the right test capabilities for the bank.”

Ranga Reddy, CEO of Maveric Systems said “Build the Bank program was key to Allica bank’s business launch in UK and we thank them for giving us the opportunity to be their QE transformation partner. The consistent support extended by the entire team at Allica helped us achieve the engagement outcome within the required timelines. This award is a true testimony of our ability to accelerate business transformation for our customers by bringing together comprehensive competencies, contextualized solutions and a team solely committed to customer success”

Thanks to the IBSI team, who considered Allica Bank-Maveric engagement as the most impactful project in the best quality assurance and quality engineering category.

About Allica Bank
Allica Bank exists to empower established small and medium-sized businesses to succeed. Having been granted their full banking authorisation in September 2019, they use tailored expertise, local relationships and modern technology to deliver expert banking for business Britain.

Currently providing commercial mortgages, asset finance and a range of business and retail savings products, Allica Bank aim is to provide a full suite of banking services for the underserved SME community – powered by innovative technology, but built on real human relationships and trust.

Allica Bank was the winner of Commercial Mortgage Lender of the Year, BDM Team of the Year, and Patron of the Year at the prestigious 2020 National Association of Commercial Finance Brokers (NACFB) Awards. They were also named ‘Best New Savings Provider’ in the 2021 MoneyNet Awards.

About Maveric Systems
Started in 2000, Maveric Systems helps global banking and fintech leaders drive business transformation through effective integration of domain, technology, strategy and execution. Our deep focus in banking combined with specialised competencies across Quality Engineering, Core Banking, Data and Digital, make us the preferred transformation partner for customers worldwide.