The software will enable BlackRock to improve delivery of application updates for its investment-management platform, which provides risk analytics with portfolio management, trading and operations tools.
Further, HP has stated that the software will also help BlackRock in increasing its business responsiveness and employee productivity.
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As an endeavor to improve its offerings and deliver market-leading risk-management and investment tools to its customers, BlackRock frequently rolls out updates to its platform, which processes more than US$12 trillion in assets, liabilities and derivatives each day across more than 160 customers.
Further, currently BlackRock is upgrading to HP ALM 11.5 to leverage its new Lab Management Automation capability, which automates the scheduling and deployment of application development and testing environments.
The solution will enable BlackRock to reduce cycle times and ultimately accelerate updates of the company’s 30-plus applications for portfolio administration, risk analysis and trade execution.
Additionally, BlackRock also estimates that the HP solution will improve employee productivity by eliminating more than two months of labor-intensive, manual work for each application tester over the course of a year.
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