Deployed a Future-ready Temenos-based Core Banking Platform for a Global Bank

Client

A leading bank with a presence in more than 20 countries and a significant client base in Europe.

Challenges 

• Journey to Cloud – Migrate the existing on-premise banking platform to Microsoft Azure CloudCompleted data migration services following the Extract Transform Loading and Retrieval (ETLR) approach from R15 on-premises to R20 on the Temenos SaaS platform
• Back to Core – Modernize the core banking platform to be future-ready
• Transform – Implement Temenos core banking platform capabilities
• New Products – Implement mortgage and loan origination solutions and enable digital capabilities

LTM Solution

• Migrated banking platform to cloud infrastructure and modernized core banking solution that improved productivity and digital banking capabilities.
• Drove design phases and configured and parametrized the Temenos core banking back-to-core assessment and process flows to align with Temenos Model Bank solutions.
• Ensured swift delivery and quality checks through DevOps and continuous integration. 
• Completed data migration services following the Extract Transform Loading and Retrieval (ETLR) approach from R15 on-premises to R20 on the Temenos SaaS platform.

Business Benefits

• Reduced IT cost of ownership over next 10 years by 20-30%
• 20% improvement in agility and scalability metrics
• Enhanced customer experience
• 20-30% reduction in Total Cost of Ownership (TCO)