Bank in Australia

A leading Bank in Australia with Retail and Wholesale Banking needed enhanced features of T24 and Integration of T24 software with Pega system and another 3rd party system.

Headquarters:

Melbourne, Australia

Branches:

0

1.Business Objectives

  • Accelerate:
    • The launch of new loan products
    • Onboarding of new business partners(Superfund industries)
    • Account opening process
  • Simply the IT Architecture thereby de-risk the bank
  • Transform to a fully Digital Bank

2.Key challenges

  • Multiple and complex system architecture
  • Multiple Vendor Management
  • Australian Compliance - manual processing

3.Business Solution

  • We lead a solution delivery team which consisted of multiple vendor engagement which was outside our scope at no extra cost
  • Development of Australian Regulatory Loan requirements and new features (redraw, rate lock, adv interest benefits)
  • Implementation of Differential pricing and Bonus Interest payment leading to new Loan products

4.Value Created

  • Simplified the onboarding and origination process and reduced the account opening time from 2 days to 4 minutes
  • Superfund management – Onboarding time reduced from 3 days to 4 hours
  • Branchless banking resulted in Cost reduction
  • Due to the implementation of differential pricing in the new core system:
    • 36% jump in the home loan settlements
    • 20% jump in deposit balances, and
    • 15% jump in customer numbers

Project parameter

Delivery Methodology
  • Waterfall
  • Agile
Type of solution
  • Development of loan products
  • integration with front-end system and ESB
Client and Delivery Location
  • Melbourne, Australia
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • New core system implementation, Integration with Digital channels
Timeline
  • 20 Months
Monitoring Methodology
  • Monthly Steering Committe meetings
  • Weekly project Status Meeting
  • Cost variance & Defect Density Report
Monitoring Methodology
  • Overrun by 4 Months

Read More...

Bank in Indonesia

Core Banking Implementation in one of the top Indonesia Bank. It is a global leader in food and agriculture financing and sustainability-oriented banking.

Headquarters:

Jakarta, Indonesia

 

Branches:

120

1.Business Objectives

  • Rabobank International had acquired a local bank with over 100+ branches to grow their business in Indonesia.
  • The System had limitations in loan processing and was unable to launch new products in a timely manner
  • High Risk due to many manual processes
  • integration to Rabobank head office systems (Calypso, Kondor, Peoplesoft GL)

2.Key challenges

  • The skill set of the bank local team and knowledge
  • Manual Processes (Loans, etc)
  • Manual Compliance mechanism - Indonesia’s central bank requirements
  • Integration to local clearing payment systems, etc

3.Business Solution

  • Development of automated loan origination system using process workflow to cover the life cycle of a loan:
    • Document verification/management
    • Collateral Administration
    • Credit Scoring
    • Facility creation, the collection of fees and  finally disbursement of the loan with necessary approvals
  • Development of Indonesian regulatory Compliance solution
  • Integration to various upstream/downstream systems. Eg, Kondor, Calypso, Peoplesoft GL

4. Value Created

  • Loan processing time reduced from 2weeks to 2days
  • New Products could be launched within days
  • Lowered Risk through automation of Compliance System and Integration with external systems and Rabobank Head Office
  • Business process automation and availability of MIS reports at HQ level

Project parameter

Delivery Methodology
  • Waterfall
Type of solution
  • Development of loan products
  • Run the business
Client and Delivery Location
  • Jakarta, Indonesia
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • Core banking system for Retail and Wholesale Banking
Timeline
  • 18 Months
Monitoring Methodology
  • Monthly steering committee meetings
  • Weekly project Status Meeting
  • Cost variance & Defect Density Report
Monitoring Methodology
  • Under Budget and On Time

Read More...

Bank in Myanmar

Retail Banking Implementation in one of the top Myanmar Bank, The Temenos T24 core banking system. Below are key objectives

Headquarters:

Yangon, Myanmar

Branches:

26

Asset size:

1.Business Objectives

Myanmar Bank had the following goals:

  • Implementing Retail, corporate , trade finance, securities under common platform
  • Grow the Business significantly without increasing risk to the bank
  • Deal with more complex products
  • Digitalization of Core banking System from current manual entries

2.Key challenges

  • System configuration / Setup which were onetime and cannot be changed
  • Key Resources low availability
  • Inconsistent Legacy Data
  • Project timeframe

3.Business Solution

  • Our design and solution is considering all the above constrains and limiting the System modification and accommodating the business solution as per the current setup
  • Extended Business discovery with the bank with our product experts to help the bank finalize the requirements
  • We are going Extra mile to assist bank in the process of Data Cleansing.

Project parameter

Delivery Methodology
  • Waterfall
Type of solution
  • Implementation of T24 CBS
Client and Delivery Location
  • Yangon, Myanmar
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • Retail Banking
  • Corporate Banking
  • Lending products
  • Higher purchase
  • Client specific interfaces
  • ATM & Swift interface
Timeline
  • 6 Months
Monitoring Methodology
  • Monthly Steering Committe meetings
  • Weekly project Status Meeting
Monitoring Methodology
  • Project Completed, 1 month before schedule time

Read More...

Bank in Australia

A leading Bank in Australia with Retail and Wholesale Banking needed enhanced features of T24 and Integration of T24 software with Pega system and another 3rd party system.

Headquarters:

Melbourne, Australia

Branches:

0

1.Business Objectives

  • Accelerate:
    • The launch of new loan products
    • Onboarding of new business partners(Superfund industries)
    • Account opening process
  • Simply the IT Architecture thereby de-risk the bank
  • Transform to a fully Digital Bank

2.Key challenges

  • Multiple and complex system architecture
  • Multiple Vendor Management
  • Australian Compliance - manual processing

3.Business Solution

  • We lead a solution delivery team which consisted of multiple vendor engagement which was outside our scope at no extra cost
  • Development of Australian Regulatory Loan requirements and new features (redraw, rate lock, adv interest benefits)
  • Implementation of Differential pricing and Bonus Interest payment leading to new Loan products

4.Value Created

  • Simplified the onboarding and origination process and reduced the account opening time from 2 days to 4 minutes
  • Superfund management – Onboarding time reduced from 3 days to 4 hours
  • Branchless banking resulted in Cost reduction
  • Due to the implementation of differential pricing in the new core system:
    • 36% jump in the home loan settlements
    • 20% jump in deposit balances, and
    • 15% jump in customer numbers

Project parameter

Delivery Methodology
  • Waterfall
  • Agile
Type of solution
  • Development of loan products
  • integration with front-end system and ESB
Client and Delivery Location
  • Melbourne, Australia
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • New core system implementation, Integration with Digital channels
Timeline
  • 20 Months
Monitoring Methodology
  • Monthly Steering Committe meetings
  • Weekly project Status Meeting
  • Cost variance & Defect Density Report
Monitoring Methodology
  • Overrun by 4 Months

Read More...

Bank in Indonesia

Core Banking Implementation in one of the top Indonesia Bank. It is a global leader in food and agriculture financing and sustainability-oriented banking.

Headquarters:

Jakarta, Indonesia

 

Branches:

120

1.Business Objectives

  • Rabobank International had acquired a local bank with over 100+ branches to grow their business in Indonesia.
  • The System had limitations in loan processing and was unable to launch new products in a timely manner
  • High Risk due to many manual processes
  • integration to Rabobank head office systems (Calypso, Kondor, Peoplesoft GL)

2.Key challenges

  • The skill set of the bank local team and knowledge
  • Manual Processes (Loans, etc)
  • Manual Compliance mechanism - Indonesia’s central bank requirements
  • Integration to local clearing payment systems, etc

3.Business Solution

  • Development of automated loan origination system using process workflow to cover the life cycle of a loan:
    • Document verification/management
    • Collateral Administration
    • Credit Scoring
    • Facility creation, the collection of fees and  finally disbursement of the loan with necessary approvals
  • Development of Indonesian regulatory Compliance solution
  • Integration to various upstream/downstream systems. Eg, Kondor, Calypso, Peoplesoft GL

4. Value Created

  • Loan processing time reduced from 2weeks to 2days
  • New Products could be launched within days
  • Lowered Risk through automation of Compliance System and Integration with external systems and Rabobank Head Office
  • Business process automation and availability of MIS reports at HQ level

Project parameter

Delivery Methodology
  • Waterfall
Type of solution
  • Development of loan products
  • Run the business
Client and Delivery Location
  • Jakarta, Indonesia
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • Core banking system for Retail and Wholesale Banking
Timeline
  • 18 Months
Monitoring Methodology
  • Monthly steering committee meetings
  • Weekly project Status Meeting
  • Cost variance & Defect Density Report
Monitoring Methodology
  • Under Budget and On Time

Read More...

Bank in Myanmar

Retail Banking Implementation in one of the top Myanmar Bank, The Temenos T24 core banking system. Below are key objectives

Headquarters:

Yangon, Myanmar

Branches:

26

Asset size:

1.Business Objectives

Myanmar Bank had the following goals:

  • Implementing Retail, corporate , trade finance, securities under common platform
  • Grow the Business significantly without increasing risk to the bank
  • Deal with more complex products
  • Digitalization of Core banking System from current manual entries

2.Key challenges

  • System configuration / Setup which were onetime and cannot be changed
  • Key Resources low availability
  • Inconsistent Legacy Data
  • Project timeframe

3.Business Solution

  • Our design and solution is considering all the above constrains and limiting the System modification and accommodating the business solution as per the current setup
  • Extended Business discovery with the bank with our product experts to help the bank finalize the requirements
  • We are going Extra mile to assist bank in the process of Data Cleansing.

Project parameter

Delivery Methodology
  • Waterfall
Type of solution
  • Implementation of T24 CBS
Client and Delivery Location
  • Yangon, Myanmar
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • Retail Banking
  • Corporate Banking
  • Lending products
  • Higher purchase
  • Client specific interfaces
  • ATM & Swift interface
Timeline
  • 6 Months
Monitoring Methodology
  • Monthly Steering Committe meetings
  • Weekly project Status Meeting
Monitoring Methodology
  • Project Completed, 1 month before schedule time

Read More...

Bank in Australia

A leading Bank in Australia with Retail and Wholesale Banking needed enhanced features of T24 and Integration of T24 software with Pega system and another 3rd party system.

Headquarters:

Melbourne, Australia

Branches:

0

1.Business Objectives

  • Accelerate:
    • The launch of new loan products
    • Onboarding of new business partners(Superfund industries)
    • Account opening process
  • Simply the IT Architecture thereby de-risk the bank
  • Transform to a fully Digital Bank

2.Key challenges

  • Multiple and complex system architecture
  • Multiple Vendor Management
  • Australian Compliance - manual processing

3.Business Solution

  • We lead a solution delivery team which consisted of multiple vendor engagement which was outside our scope at no extra cost
  • Development of Australian Regulatory Loan requirements and new features (redraw, rate lock, adv interest benefits)
  • Implementation of Differential pricing and Bonus Interest payment leading to new Loan products

4.Value Created

  • Simplified the onboarding and origination process and reduced the account opening time from 2 days to 4 minutes
  • Superfund management – Onboarding time reduced from 3 days to 4 hours
  • Branchless banking resulted in Cost reduction
  • Due to the implementation of differential pricing in the new core system:
    • 36% jump in the home loan settlements
    • 20% jump in deposit balances, and
    • 15% jump in customer numbers

Project parameter

Delivery Methodology
  • Waterfall
  • Agile
Type of solution
  • Development of loan products
  • integration with front-end system and ESB
Client and Delivery Location
  • Melbourne, Australia
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • New core system implementation, Integration with Digital channels
Timeline
  • 20 Months
Monitoring Methodology
  • Monthly Steering Committe meetings
  • Weekly project Status Meeting
  • Cost variance & Defect Density Report
Monitoring Methodology
  • Overrun by 4 Months

Read More...

Bank in Indonesia

Core Banking Implementation in one of the top Indonesia Bank. It is a global leader in food and agriculture financing and sustainability-oriented banking.

Headquarters:

Jakarta, Indonesia

 

Branches:

120

1.Business Objectives

  • Rabobank International had acquired a local bank with over 100+ branches to grow their business in Indonesia.
  • The System had limitations in loan processing and was unable to launch new products in a timely manner
  • High Risk due to many manual processes
  • integration to Rabobank head office systems (Calypso, Kondor, Peoplesoft GL)

2.Key challenges

  • The skill set of the bank local team and knowledge
  • Manual Processes (Loans, etc)
  • Manual Compliance mechanism - Indonesia’s central bank requirements
  • Integration to local clearing payment systems, etc

3.Business Solution

  • Development of automated loan origination system using process workflow to cover the life cycle of a loan:
    • Document verification/management
    • Collateral Administration
    • Credit Scoring
    • Facility creation, the collection of fees and  finally disbursement of the loan with necessary approvals
  • Development of Indonesian regulatory Compliance solution
  • Integration to various upstream/downstream systems. Eg, Kondor, Calypso, Peoplesoft GL

4. Value Created

  • Loan processing time reduced from 2weeks to 2days
  • New Products could be launched within days
  • Lowered Risk through automation of Compliance System and Integration with external systems and Rabobank Head Office
  • Business process automation and availability of MIS reports at HQ level

Project parameter

Delivery Methodology
  • Waterfall
Type of solution
  • Development of loan products
  • Run the business
Client and Delivery Location
  • Jakarta, Indonesia
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • Core banking system for Retail and Wholesale Banking
Timeline
  • 18 Months
Monitoring Methodology
  • Monthly steering committee meetings
  • Weekly project Status Meeting
  • Cost variance & Defect Density Report
Monitoring Methodology
  • Under Budget and On Time

Read More...

Bank in Australia

A leading Bank in Australia with Retail and Wholesale Banking needed enhanced features of T24 and Integration of T24 software with Pega system and another 3rd party system.

Headquarters:

Melbourne, Australia

Branches:

0

1.Business Objectives

  • Accelerate:
    • The launch of new loan products
    • Onboarding of new business partners(Superfund industries)
    • Account opening process
  • Simply the IT Architecture thereby de-risk the bank
  • Transform to a fully Digital Bank

2.Key challenges

  • Multiple and complex system architecture
  • Multiple Vendor Management
  • Australian Compliance - manual processing

3.Business Solution

  • We lead a solution delivery team which consisted of multiple vendor engagement which was outside our scope at no extra cost
  • Development of Australian Regulatory Loan requirements and new features (redraw, rate lock, adv interest benefits)
  • Implementation of Differential pricing and Bonus Interest payment leading to new Loan products

4.Value Created

  • Simplified the onboarding and origination process and reduced the account opening time from 2 days to 4 minutes
  • Superfund management – Onboarding time reduced from 3 days to 4 hours
  • Branchless banking resulted in Cost reduction
  • Due to the implementation of differential pricing in the new core system:
    • 36% jump in the home loan settlements
    • 20% jump in deposit balances, and
    • 15% jump in customer numbers

Project parameter

Delivery Methodology
  • Waterfall
  • Agile
Type of solution
  • Development of loan products
  • integration with front-end system and ESB
Client and Delivery Location
  • Melbourne, Australia
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • New core system implementation, Integration with Digital channels
Timeline
  • 20 Months
Monitoring Methodology
  • Monthly Steering Committe meetings
  • Weekly project Status Meeting
  • Cost variance & Defect Density Report
Monitoring Methodology
  • Overrun by 4 Months

Read More...

Bank in Indonesia

Core Banking Implementation in one of the top Indonesia Bank. It is a global leader in food and agriculture financing and sustainability-oriented banking.

Headquarters:

Jakarta, Indonesia

 

Branches:

120

1.Business Objectives

  • Rabobank International had acquired a local bank with over 100+ branches to grow their business in Indonesia.
  • The System had limitations in loan processing and was unable to launch new products in a timely manner
  • High Risk due to many manual processes
  • integration to Rabobank head office systems (Calypso, Kondor, Peoplesoft GL)

2.Key challenges

  • The skill set of the bank local team and knowledge
  • Manual Processes (Loans, etc)
  • Manual Compliance mechanism - Indonesia’s central bank requirements
  • Integration to local clearing payment systems, etc

3.Business Solution

  • Development of automated loan origination system using process workflow to cover the life cycle of a loan:
    • Document verification/management
    • Collateral Administration
    • Credit Scoring
    • Facility creation, the collection of fees and  finally disbursement of the loan with necessary approvals
  • Development of Indonesian regulatory Compliance solution
  • Integration to various upstream/downstream systems. Eg, Kondor, Calypso, Peoplesoft GL

4. Value Created

  • Loan processing time reduced from 2weeks to 2days
  • New Products could be launched within days
  • Lowered Risk through automation of Compliance System and Integration with external systems and Rabobank Head Office
  • Business process automation and availability of MIS reports at HQ level

Project parameter

Delivery Methodology
  • Waterfall
Type of solution
  • Development of loan products
  • Run the business
Client and Delivery Location
  • Jakarta, Indonesia
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • Core banking system for Retail and Wholesale Banking
Timeline
  • 18 Months
Monitoring Methodology
  • Monthly steering committee meetings
  • Weekly project Status Meeting
  • Cost variance & Defect Density Report
Monitoring Methodology
  • Under Budget and On Time

Read More...

Bank in Myanmar

Retail Banking Implementation in one of the top Myanmar Bank, The Temenos T24 core banking system. Below are key objectives

Headquarters:

Yangon, Myanmar

Branches:

26

Asset size:

1.Business Objectives

Myanmar Bank had the following goals:

  • Implementing Retail, corporate , trade finance, securities under common platform
  • Grow the Business significantly without increasing risk to the bank
  • Deal with more complex products
  • Digitalization of Core banking System from current manual entries

2.Key challenges

  • System configuration / Setup which were onetime and cannot be changed
  • Key Resources low availability
  • Inconsistent Legacy Data
  • Project timeframe

3.Business Solution

  • Our design and solution is considering all the above constrains and limiting the System modification and accommodating the business solution as per the current setup
  • Extended Business discovery with the bank with our product experts to help the bank finalize the requirements
  • We are going Extra mile to assist bank in the process of Data Cleansing.

Project parameter

Delivery Methodology
  • Waterfall
Type of solution
  • Implementation of T24 CBS
Client and Delivery Location
  • Yangon, Myanmar
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • Retail Banking
  • Corporate Banking
  • Lending products
  • Higher purchase
  • Client specific interfaces
  • ATM & Swift interface
Timeline
  • 6 Months
Monitoring Methodology
  • Monthly Steering Committe meetings
  • Weekly project Status Meeting
Monitoring Methodology
  • Project Completed, 1 month before schedule time

Read More...

Bank in Australia

A leading Bank in Australia with Retail and Wholesale Banking needed enhanced features of T24 and Integration of T24 software with Pega system and another 3rd party system.

Headquarters:

Melbourne, Australia

Branches:

0

1.Business Objectives

  • Accelerate:
    • The launch of new loan products
    • Onboarding of new business partners(Superfund industries)
    • Account opening process
  • Simply the IT Architecture thereby de-risk the bank
  • Transform to a fully Digital Bank

2.Key challenges

  • Multiple and complex system architecture
  • Multiple Vendor Management
  • Australian Compliance - manual processing

3.Business Solution

  • We lead a solution delivery team which consisted of multiple vendor engagement which was outside our scope at no extra cost
  • Development of Australian Regulatory Loan requirements and new features (redraw, rate lock, adv interest benefits)
  • Implementation of Differential pricing and Bonus Interest payment leading to new Loan products

4.Value Created

  • Simplified the onboarding and origination process and reduced the account opening time from 2 days to 4 minutes
  • Superfund management – Onboarding time reduced from 3 days to 4 hours
  • Branchless banking resulted in Cost reduction
  • Due to the implementation of differential pricing in the new core system:
    • 36% jump in the home loan settlements
    • 20% jump in deposit balances, and
    • 15% jump in customer numbers

Project parameter

Delivery Methodology
  • Waterfall
  • Agile
Type of solution
  • Development of loan products
  • integration with front-end system and ESB
Client and Delivery Location
  • Melbourne, Australia
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • New core system implementation, Integration with Digital channels
Timeline
  • 20 Months
Monitoring Methodology
  • Monthly Steering Committe meetings
  • Weekly project Status Meeting
  • Cost variance & Defect Density Report
Monitoring Methodology
  • Overrun by 4 Months

Read More...

Bank in Indonesia

Core Banking Implementation in one of the top Indonesia Bank. It is a global leader in food and agriculture financing and sustainability-oriented banking.

Headquarters:

Jakarta, Indonesia

 

Branches:

120

1.Business Objectives

  • Rabobank International had acquired a local bank with over 100+ branches to grow their business in Indonesia.
  • The System had limitations in loan processing and was unable to launch new products in a timely manner
  • High Risk due to many manual processes
  • integration to Rabobank head office systems (Calypso, Kondor, Peoplesoft GL)

2.Key challenges

  • The skill set of the bank local team and knowledge
  • Manual Processes (Loans, etc)
  • Manual Compliance mechanism - Indonesia’s central bank requirements
  • Integration to local clearing payment systems, etc

3.Business Solution

  • Development of automated loan origination system using process workflow to cover the life cycle of a loan:
    • Document verification/management
    • Collateral Administration
    • Credit Scoring
    • Facility creation, the collection of fees and  finally disbursement of the loan with necessary approvals
  • Development of Indonesian regulatory Compliance solution
  • Integration to various upstream/downstream systems. Eg, Kondor, Calypso, Peoplesoft GL

4. Value Created

  • Loan processing time reduced from 2weeks to 2days
  • New Products could be launched within days
  • Lowered Risk through automation of Compliance System and Integration with external systems and Rabobank Head Office
  • Business process automation and availability of MIS reports at HQ level

Project parameter

Delivery Methodology
  • Waterfall
Type of solution
  • Development of loan products
  • Run the business
Client and Delivery Location
  • Jakarta, Indonesia
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • Core banking system for Retail and Wholesale Banking
Timeline
  • 18 Months
Monitoring Methodology
  • Monthly steering committee meetings
  • Weekly project Status Meeting
  • Cost variance & Defect Density Report
Monitoring Methodology
  • Under Budget and On Time

Read More...

Bank in Myanmar

Retail Banking Implementation in one of the top Myanmar Bank, The Temenos T24 core banking system. Below are key objectives

Headquarters:

Yangon, Myanmar

Branches:

26

Asset size:

1.Business Objectives

Myanmar Bank had the following goals:

  • Implementing Retail, corporate , trade finance, securities under common platform
  • Grow the Business significantly without increasing risk to the bank
  • Deal with more complex products
  • Digitalization of Core banking System from current manual entries

2.Key challenges

  • System configuration / Setup which were onetime and cannot be changed
  • Key Resources low availability
  • Inconsistent Legacy Data
  • Project timeframe

3.Business Solution

  • Our design and solution is considering all the above constrains and limiting the System modification and accommodating the business solution as per the current setup
  • Extended Business discovery with the bank with our product experts to help the bank finalize the requirements
  • We are going Extra mile to assist bank in the process of Data Cleansing.

Project parameter

Delivery Methodology
  • Waterfall
Type of solution
  • Implementation of T24 CBS
Client and Delivery Location
  • Yangon, Myanmar
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • Retail Banking
  • Corporate Banking
  • Lending products
  • Higher purchase
  • Client specific interfaces
  • ATM & Swift interface
Timeline
  • 6 Months
Monitoring Methodology
  • Monthly Steering Committe meetings
  • Weekly project Status Meeting
Monitoring Methodology
  • Project Completed, 1 month before schedule time

Read More...

Bank in Australia

A leading Bank in Australia with Retail and Wholesale Banking needed enhanced features of T24 and Integration of T24 software with Pega system and another 3rd party system.

Headquarters:

Melbourne, Australia

Branches:

0

1.Business Objectives

  • Accelerate:
    • The launch of new loan products
    • Onboarding of new business partners(Superfund industries)
    • Account opening process
  • Simply the IT Architecture thereby de-risk the bank
  • Transform to a fully Digital Bank

2.Key challenges

  • Multiple and complex system architecture
  • Multiple Vendor Management
  • Australian Compliance - manual processing

3.Business Solution

  • We lead a solution delivery team which consisted of multiple vendor engagement which was outside our scope at no extra cost
  • Development of Australian Regulatory Loan requirements and new features (redraw, rate lock, adv interest benefits)
  • Implementation of Differential pricing and Bonus Interest payment leading to new Loan products

4.Value Created

  • Simplified the onboarding and origination process and reduced the account opening time from 2 days to 4 minutes
  • Superfund management – Onboarding time reduced from 3 days to 4 hours
  • Branchless banking resulted in Cost reduction
  • Due to the implementation of differential pricing in the new core system:
    • 36% jump in the home loan settlements
    • 20% jump in deposit balances, and
    • 15% jump in customer numbers

Project parameter

Delivery Methodology
  • Waterfall
  • Agile
Type of solution
  • Development of loan products
  • integration with front-end system and ESB
Client and Delivery Location
  • Melbourne, Australia
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • New core system implementation, Integration with Digital channels
Timeline
  • 20 Months
Monitoring Methodology
  • Monthly Steering Committe meetings
  • Weekly project Status Meeting
  • Cost variance & Defect Density Report
Monitoring Methodology
  • Overrun by 4 Months

Read More...

Bank in Indonesia

Core Banking Implementation in one of the top Indonesia Bank. It is a global leader in food and agriculture financing and sustainability-oriented banking.

Headquarters:

Jakarta, Indonesia

 

Branches:

120

1.Business Objectives

  • Rabobank International had acquired a local bank with over 100+ branches to grow their business in Indonesia.
  • The System had limitations in loan processing and was unable to launch new products in a timely manner
  • High Risk due to many manual processes
  • integration to Rabobank head office systems (Calypso, Kondor, Peoplesoft GL)

2.Key challenges

  • The skill set of the bank local team and knowledge
  • Manual Processes (Loans, etc)
  • Manual Compliance mechanism - Indonesia’s central bank requirements
  • Integration to local clearing payment systems, etc

3.Business Solution

  • Development of automated loan origination system using process workflow to cover the life cycle of a loan:
    • Document verification/management
    • Collateral Administration
    • Credit Scoring
    • Facility creation, the collection of fees and  finally disbursement of the loan with necessary approvals
  • Development of Indonesian regulatory Compliance solution
  • Integration to various upstream/downstream systems. Eg, Kondor, Calypso, Peoplesoft GL

4. Value Created

  • Loan processing time reduced from 2weeks to 2days
  • New Products could be launched within days
  • Lowered Risk through automation of Compliance System and Integration with external systems and Rabobank Head Office
  • Business process automation and availability of MIS reports at HQ level

Project parameter

Delivery Methodology
  • Waterfall
Type of solution
  • Development of loan products
  • Run the business
Client and Delivery Location
  • Jakarta, Indonesia
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • Core banking system for Retail and Wholesale Banking
Timeline
  • 18 Months
Monitoring Methodology
  • Monthly steering committee meetings
  • Weekly project Status Meeting
  • Cost variance & Defect Density Report
Monitoring Methodology
  • Under Budget and On Time

Read More...

Bank in Myanmar

Retail Banking Implementation in one of the top Myanmar Bank, The Temenos T24 core banking system. Below are key objectives

Headquarters:

Yangon, Myanmar

Branches:

26

Asset size:

1.Business Objectives

Myanmar Bank had the following goals:

  • Implementing Retail, corporate , trade finance, securities under common platform
  • Grow the Business significantly without increasing risk to the bank
  • Deal with more complex products
  • Digitalization of Core banking System from current manual entries

2.Key challenges

  • System configuration / Setup which were onetime and cannot be changed
  • Key Resources low availability
  • Inconsistent Legacy Data
  • Project timeframe

3.Business Solution

  • Our design and solution is considering all the above constrains and limiting the System modification and accommodating the business solution as per the current setup
  • Extended Business discovery with the bank with our product experts to help the bank finalize the requirements
  • We are going Extra mile to assist bank in the process of Data Cleansing.

Project parameter

Delivery Methodology
  • Waterfall
Type of solution
  • Implementation of T24 CBS
Client and Delivery Location
  • Yangon, Myanmar
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • Retail Banking
  • Corporate Banking
  • Lending products
  • Higher purchase
  • Client specific interfaces
  • ATM & Swift interface
Timeline
  • 6 Months
Monitoring Methodology
  • Monthly Steering Committe meetings
  • Weekly project Status Meeting
Monitoring Methodology
  • Project Completed, 1 month before schedule time

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Bank in Australia

A leading Bank in Australia with Retail and Wholesale Banking needed enhanced features of T24 and Integration of T24 software with Pega system and another 3rd party system.

Headquarters:

Melbourne, Australia

Branches:

0

1.Business Objectives

  • Accelerate:
    • The launch of new loan products
    • Onboarding of new business partners(Superfund industries)
    • Account opening process
  • Simply the IT Architecture thereby de-risk the bank
  • Transform to a fully Digital Bank

2.Key challenges

  • Multiple and complex system architecture
  • Multiple Vendor Management
  • Australian Compliance - manual processing

3.Business Solution

  • We lead a solution delivery team which consisted of multiple vendor engagement which was outside our scope at no extra cost
  • Development of Australian Regulatory Loan requirements and new features (redraw, rate lock, adv interest benefits)
  • Implementation of Differential pricing and Bonus Interest payment leading to new Loan products

4.Value Created

  • Simplified the onboarding and origination process and reduced the account opening time from 2 days to 4 minutes
  • Superfund management – Onboarding time reduced from 3 days to 4 hours
  • Branchless banking resulted in Cost reduction
  • Due to the implementation of differential pricing in the new core system:
    • 36% jump in the home loan settlements
    • 20% jump in deposit balances, and
    • 15% jump in customer numbers

Project parameter

Delivery Methodology
  • Waterfall
  • Agile
Type of solution
  • Development of loan products
  • integration with front-end system and ESB
Client and Delivery Location
  • Melbourne, Australia
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • New core system implementation, Integration with Digital channels
Timeline
  • 20 Months
Monitoring Methodology
  • Monthly Steering Committe meetings
  • Weekly project Status Meeting
  • Cost variance & Defect Density Report
Monitoring Methodology
  • Overrun by 4 Months

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Bank in Indonesia

Core Banking Implementation in one of the top Indonesia Bank. It is a global leader in food and agriculture financing and sustainability-oriented banking.

Headquarters:

Jakarta, Indonesia

 

Branches:

120

1.Business Objectives

  • Rabobank International had acquired a local bank with over 100+ branches to grow their business in Indonesia.
  • The System had limitations in loan processing and was unable to launch new products in a timely manner
  • High Risk due to many manual processes
  • integration to Rabobank head office systems (Calypso, Kondor, Peoplesoft GL)

2.Key challenges

  • The skill set of the bank local team and knowledge
  • Manual Processes (Loans, etc)
  • Manual Compliance mechanism - Indonesia’s central bank requirements
  • Integration to local clearing payment systems, etc

3.Business Solution

  • Development of automated loan origination system using process workflow to cover the life cycle of a loan:
    • Document verification/management
    • Collateral Administration
    • Credit Scoring
    • Facility creation, the collection of fees and  finally disbursement of the loan with necessary approvals
  • Development of Indonesian regulatory Compliance solution
  • Integration to various upstream/downstream systems. Eg, Kondor, Calypso, Peoplesoft GL

4. Value Created

  • Loan processing time reduced from 2weeks to 2days
  • New Products could be launched within days
  • Lowered Risk through automation of Compliance System and Integration with external systems and Rabobank Head Office
  • Business process automation and availability of MIS reports at HQ level

Project parameter

Delivery Methodology
  • Waterfall
Type of solution
  • Development of loan products
  • Run the business
Client and Delivery Location
  • Jakarta, Indonesia
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • Core banking system for Retail and Wholesale Banking
Timeline
  • 18 Months
Monitoring Methodology
  • Monthly steering committee meetings
  • Weekly project Status Meeting
  • Cost variance & Defect Density Report
Monitoring Methodology
  • Under Budget and On Time

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