JPMorgan Wealth Management Technology picked up the accolade in the Developer API category for its Connect Framework API project. It is an application collaboration environment, built using Glue42 Enterprise, linking together internal and external applications built in different technologies.
“The rationale was to migrate from inflexible and complex monolithic legacy systems to a simple and flexible model that utilizes interoperable micro-applications and is implementation technology agnostic,” says Freddy Tenaglia, Global Head of Wealth Management Adviser and Investments Technology at JPMorgan Asset Management. “This creates a ‘connect to anything’ platform with user-customizable apps that significantly enhance the efficiency and effectiveness of both end-users and developers.”
What Problem Did JPMorgan Solve with Glue42?
Previously, most new functionalities were built directly into the existing legacy systems, rather than as a separate application. Then they were integrated through specific interfaces between individual applications. The resulting complexity limited the bank’s ability to develop flexible end-user customization capabilities. New functionality had a long time-to-market, generally limited to four primary releases per year in each region.
With the business environment changing rapidly, the bank wanted to reduce delivery times for new capabilities to keep up with the demand and minimize manual workarounds. This was becoming increasingly difficult and was a driving force behind the implementation of Glue42. And it allowed the new framework to go live in just four months!
The Benefits of a’Connect to Anything’ Platform
The platform gave end-users the ability to specify how they work and define what information they want to visualize. Users can select applications from an ‘app store’ and link them to create custom solutions meeting their specific workflow requirements. They become ‘activity groups’ that share context.
From application development and delivery perspective, the Glue42-based environment has enabled the development of 37 new applications and more than 100 application releases since May 2016. The bank has stopped making enhancements to legacy applications due to the new platform’s success.
From an end-user perspective, there was an over 50% reduction in time-to-market for new functionality and features. The ability to seamlessly integrate applications significantly reduces the time to get the necessary information for client conversations.
Tags
