San Francisco-based Calypso Technology is set to introduce the Calypso Automated Testing Tool, or CATT, a software-automated testing tool designed to reduce total cost of ownership (TCO) and implementation timeframes by as much as 40 percent.
According to Calypso, CATT includes a suite of pre-configured test cases based on common business logic, deployed via a web interface. The vendor claims to be the first capital markets software provider to deliver an automated testing tool for its cross-asset, front-to-back-office platform.
CATT is also available as an integral part of Calypso Testing Services, a managed services offering, to deliver a combination of automated software testing and intellectual manpower. The Testing Services arm of Calypso's Professional Services business provides clients with end-to-end testing tools and support processes, and is one of the key offerings of the firm's new managed service center based in Dublin.
Software testing consumes more resources than any other phase of software development: According to a November 2014 PriceWaterhouseCoopers study entitled "An ounce of prevention: Why financial institutions need automated testing," manual test cases on average require 2,100 hours of execution time for ten cycles, while implementing automated test cases requires on average 1,270 hours, or 40 percent fewer hours.
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