Equitable Bank (EQ Bank)
Equitable Bank (EQ Bank) – 500% Improvement in Idea to Build Performance
Equitable Bank (EQ Bank) is a Canadian bank founded in 1970. The bank provides residential and commercial real estate lending services. In 2013, it became a Schedule I Bank oﬀering savings products. It is now Canada’s ninth-largest independent bank, with more than $25 billion in assets under management.
Contegix, formerly Blended Perspectives, was engaged by EQ Bank to assist with modernizing their Software Development Lifecycle (SDLC) using Atlassian tools. EQ Bank required both an Audit Compliant and Functional SDLC to support both Kanban and Agile methodologies. The overall initiative around processes and tools had a signiﬁcant improvement in performance and standardization for the whole IT organization.
According to Dan Broten (VP of Technology), the overall initiative, of which the Atlassian tools design and implementation by Contegix played a signiﬁcant role in the modernization and growth of our Application Development department. Beneﬁts observed over the past 1.5 years;
- Tripled the size of the organization and number of concurrent projects/sprints with the processes established 1.5 years ago.
- Dramatic improvement in Production Release Controls via integrated version Release Notes; closed known Audit deﬁciencies with a best-in-class framework.
- Doubled the amount of Production Releases (per month) in 1 year. Goal to double again this coming year.
- 500% more builds per day with revised Agile methodology and scaling of people & tech. Goal to double again this coming year.
A key factor in selecting the Atlassian tools was the availability of a cloud solution enabling a more streamlined process working with external development partners. Apart from Atlassian tools used for implementation Confluence, Jira Software, Jira Service Management, and Jira Core, Contegix worked with additional software partners including //SEIBERT/MEDIA – Draw.io, Easy Agile, SmartBear, and SoftwarePlant. This has enabled collaboration ﬂexibility with partners and vendors to signiﬁcantly contribute to increased productivity and results.