About the Client:

Our client is an Indian multinational, public sector banking and financial services company headquartered in Mumbai, India. It was ranked as 236th in the Fortune Global 500 list of the world’s biggest corporations in 2019.

Client Business Need:

The bank needed to uplift the operational efficiency of its 24 international branches by upgrading its outdated Core Banking System software. The branches were running on Finacle 7x which could be migrated to Finacle 10.2.15. It needed not only the migration of data from Oracle 9i to Oracle 11g but also to port the customization which was done in 7x.

Our Solutions:

With our exposure and expertise in porting and migration of customization of various components from 7x to 10.x, we ported with appreciable value addition in terms of maintaining the same UI design with minimal changes. The look and feel of the application were left intact which ensured an increase in operational efficiency in terms of additional validations & response time.

Business Results:

The client benefited from our strategic UI approach to maintain the same design as required in a short deployment cycle. They experienced a significant rise in operational efficiency with enhanced response time.

Case study of Finacle Core Banking System Migration

About the Client:

Our client is the first commercial bank in India. It holds a prominent place among the public sector banks on account of its network of 4659 branches, 1 extension counters along with 10 satellite offices at various centres throughout the length and breadth of the country.

Client Business Need:

The bank needed a pension payment module for central and state treasury pensioners. It required the module to be implemented at centralised location and statuary / e-scroll reports to be generated from the system for submitting to RBI & various government organizations.

Our Solutions:

With our expertise in providing state-of-the-art solutions to the banking industry, we delivered pension payment module to the bank with right-fit functionalities. We enabled the bank to enter new PPOs (Pension Payment Order) along with pensioner details, family details, component and other details. Additionally, we equipped the module to accept revisions through the system and calculate arrears or recovery. The module helped the bank to generate reports for RBI submission.

Business Results:

With our implementation of pension payment solution, the bank was able to complete the entire payment process within a short time. We reduced manual calculations by facilitating automated calculation of arrears/recovery through the system.

Case study of Government Business Module

About the Client:

Our client is an international banking and financial services company headquartered in Edinburgh, Scotland. It serves over 24 million customers worldwide and strives to create platforms that would enable economic empowerment and facilitate financial and social inclusion.

Client Business Need:

The bank needed the reports generated by the banking application to be automatically distributed to the users. It also required the reports to be accessed on the frontend with minimal load on network and hardware resources.

Our Solutions:

We incorporated the needs of the bank by developing the report distribution tool with the ability to distribute the reports when the network load is minimum. In addition to that, we addressed the security vulnerabilities to overcome malicious attacks.

Business Results:

The bank benefited by receiving the reports on time which facilitated it to take business decisions swiftly. The load time of its Core Banking System application was considerably reduced by distributing the reports during minimum load time.

Case study of iSMART - Report Distribution System