Core Banking Transformation

1. Case Study NOUS INFOSYSTEMS CMMi Level 5 SVC+SSD v1.3 ISO 9001:2008 ISO/IEC 27001:2013 L E V E R A G I N G I N T E L L E C T Core Banking Transformation for a large European Bank

2. NOUS INFOSYSTEMS THE CLIENT The customer is the second largest commercial bank in Germany, with more than 50,000 employees and €700 billion in assets under management. They offer retail and commercial loans, investment banking, private banking and asset management services. They are one of the unchallenged leaders in financing for SMEs across Europe. CMMi Level 5 SVC+SSD v1.3 ISO 9001:2008 ISO/IEC 27001:2013 • Modernized legacy applications by upgrading from PowerBuilder to PowerBuilder.NET and some to SharePoint 2010 technologies • Performed a thorough multi-layer infrastructure audit and analysis on • Code • Security • Performance • Infrastructure • Other production aspects of the Bank • Detailed report on audit findings which included • Document with GAP and remediation steps • Scalability and Usability Report • Maintenance and Performance issues • Conformance to industry best design practices and standards • System resilience L E V E R A G I N G I N T E L L E C T CHALLENGE • The client had many issues with weak IT controls and poor process adherence system instead of generating within the existing application • Weak security procedures in the core banking application, weak quality standards and SLA issues were some of the major concerns • Production outages were common and there was also delay in releases BENEFITS •Modernized and Stabilized Core Banking and ancillary applications •Refined IT controls and processes •Minimized production outages with round-the-clock maintenance and support •Reduced Total Cost of Ownership and improved predictability in operating costs •Improved user experience for the business users NOUS SOLUTION Nous Infosystems came onboard as the development partner for their global core-banking application, which was used in three geographies and in 22 foreign branches. The service offering delivered includes: Domain – Banking • IP ownership of the core banking application by reverse engineering and re-engineering the product over a period of 18 months with 70,000 person hours of effort • Technical and functional enhancements of the product. Some of the critical business enhancements include London Business Financial Architecture, Payment processing improvements, Local Cash Pooling, Cheque Processing, Day-time limits management and Straight Thru Processing Technologies – PowerBuilder, PowerBuilder.NET, Cognos, SharePoint, SSRS Copyright© Nous Infosystems. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without written permission by Nous Infosystems. All other trademarks mentioned herein are the property of their respective owners. CONTACT US New Jersey, USA Tel: +1 732 985 9533 Brentford, UK Tel: +44 208 587 1411 Toronto, Canada Tel: +1 905 402 9943 Mainz, Germany Tel: +49 6131 28910 31 For more informtion, Please visit - www.nousinfosystems.com or mail us at info@nousinfo.com Sharjah, UAE Tel: +971 526264954 Bangalore, India Tel: +91 80 41939400 Coimbatore, India Tel: +91 422 3058800