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Finance

Migrating the legacy system to a flexible and scalable architecture for a leading global bank

Client

One of the oldest and the largest foreign banks, with leadership in wholesale banking, foreign exchange, transaction services and corporate finance.

Challenge

Replace the legacy system with a flexible and scalable architecture to seize the business opportunities and align technology with business requirements

Solution

Wipro replaced the old system with an integrated, automated and scalable billing system that not only helped the bank meet the end customer demand of a consolidated bill but also significantly increased the scale of charge calculation

Benefits

Enhanced end customer satisfaction

The customers who were used to receiving multiple billing statements welcomed and appreciated an accurate, consolidated, & friendly billing statement

Scalability and extensibility

	The new system is capable of handling invoicing of more than 500 corporate customers every month with a peak transaction load of 8000/day
	The design has inbuilt capability and flexibility to add on new services and associated charge information (with market fluctuations) by making minimal changes to the architecture

Cost savings

The use of Wipro's mature offshore/ onshore model proved cost effective for the client