Enabling traceability of requirements and compliance

  •  Provide traceability of requirements and compliance.

  • Implement regulatory requirements for risk reporting.

  • Manage classical and agile projects flexibly from one source.

  • Document tests in a systematic and auditable manner.

  • Provide collaboration for distributed development teams in different time zones.

  • Using Polarion ALM helps you comply with regulatory requirements by facilitating the mapping of requirements for the design and code throughout testing. 

Banks and insurance companies face significant challenges that impact their information technology (IT) project management, such as regulatory requirements, continued pressure to reduce costs, strong competition and shorter innovation cycles. Using Polarion ALM™ software can help these companies efficiently overcome key IT challenges, enabling them to trace requirements and compliance.

Providing agile software development capabilities

Cost pressures and the need for continued innovation compel financial institutions to shorten their development times. The continuous development of requirements can be strengthened with agile methods. However, studies show the tools necessary to support it are often lacking. With Polarion ALM, you can concurrently manage classic and agile projects. 

Templates are continuously being developed and support new frameworks such as the Scaled Agile Framework (SAFe) for the implementation of major agile projects. 

Manage your software tests systematically 

With software development being outsourced and many organizations moving towards adopting agile methodologies, the demand and need to catalog test procedures that achieve precise results is on the rise. The minimum regulatory requirements for risk management also require that systematic testing is conducted and deviations are documented. With Polarion ALM, a company can design tests for a systematic management tool.

That is because using Polarion ALM enables the implementation of test and acceptance procedures with customizable workflows. Thus, tests can be automated and securely documented.

Banks and financial service

Banks and financial service providers are subject to stricter business process requirements than just about any other kind of company. Regular internal and external audits are held to make sure these requirements are being reviewed, documented and, ultimately, fulfilled. As digitization progresses, more business processes are supported or controlled by software; just as important is regularly developing, testing and documenting associated activities.
So it is critical to support these important kinds of activities with software as well. This white paper is based on the experience of a major European leasing provider that adopted Polarion ALM. As a result, the firm realized benefits in the overall software development lifecyle, specifically with improved collaboration between siloed departments and compliance throughout the organization. 
Banks 

Linking cross-project requirements

Many of these solutions fail because they can’t be linked to affected projects across the board. It’s different with Polarion ALM, a software for ALM, developed and distributed by Siemens PLM Software. It supports application development throughout the lifecycle of products in the areas of teamwork, work processes and traceability. One particular advantage of using Polarion ALM to develop individual software is you can both link and track requirements and projects. Each of the customizable modules support change management, version and release management, audits, key performance indicators (KPIs) and reports for resource, quality and project management.

Conclusion

Using Polarion ALM helps software developers as well as people in many areas of the company. In turn, the software developers cannot only improve their processes with Polarion ALM, but can also save their colleagues a lot of work by using automation. This results in a significantly higher level of security in the processes as well as in the tests that affect them, leading to demonstrably better compliance with the regulations.

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