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 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

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 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

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 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

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 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

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 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

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 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

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 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

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 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

Read More...

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