Quantaeon helps bank to consolidate its fragmented systems and maintain growth.
“It did not take long for us to realize that Quantaeon was instrumental in steering our transformation with the best in class consulting, design thinking and agility,” said the CIO of the client group.
Our client is a leading bank in Dubai that is burdened by siloed business systems that hinder operations, complicate business processes and are difficult to use. These bottlenecks and process hurdles have caused major slowdowns, with far-reaching financial impacts.
The Design Principal
Looking to consolidate its fragmented systems and maintain growth, Quantaeon performed an initial assessment and identified the processes that was slowing down the business and actively pursued a way to improve it. Quantaeon identified that upgrading the systems to Temenos T24 Transact platform was a way to standardized banking processes, cut IT costs from the total operating cost and have a stable platform for future growth. Quantaeon implemented the integrated Temenos solution through efficient project planning and execution, faultless professionalism and successfully mapped maximum of the requirements to the out-of-the-box solution.
Simplify to transform
Adopting our in-house integration approach and methodology, the client with Temenos T24 Transact, now have well defined business processes that map to business objectives and a robust platform that integrates with any external system and has the scalability to grow.
Challenge
Burdened by legacy, on-premise core banking systems, that accounts for about 80% of IT budget, the bank wanted a solution that would enable it to deliver banking services from the cloud as well as focusing on growth and innovation.
Results
By adopting the Temenos core banking solution on cloud, the client was able to launch its first mobile experience for its retail customer.