Modernized a Complex Legacy Platform with 15+ Instances for a Leading American Finserv

Client

A well-known US-based financial services company with a strong presence across the west and east coasts of US

Challenges 

• The existing complex, legacy, bank-in-a-box core banking system had been used for multiple years across 90+ countries.
• Complex demands of big tech clients led to country-specific manual processes
• The system had an outdated UI and lacked real-time data processing capability 

LTM Solution

• Mapped the front to back process flow and capabilities.
• Decomposed various business processes into sub-compact and services.
• Accelerated modernization by developing the functional grouping to renew, reno-vate, migrate, and as-is
• Deployed microservices and associated integration architecture for the build.

Business Benefits

• Streamlined and stabilized the on-going support and improved production and non-production environment support.
• Simplified the complex landscape to deliver new products and services at speed.
• Implemented a future-ready composable architecture.
• >30% reduction in TCO (Total cost of ownership) and minimized operational risk.