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Case Study

Trade Finance Transformation

London headquartered global bank was incurring huge maintenance cost to implement changes across legacy trade finance platforms

Legacy platforms with single application for deployment created huge resistance to new developments in case of organizational changes and/or business reengineering

Together with Optimum, bank executed trade finance transformation program developing 3 enterprise scale platforms to provide a consistent hassle free TF offerings

The solution

Problem Area
  • 4 legacy platforms in different regions required significant time & resources for global changes and implementation
  • Complex legacy platforms and obsolete systems created challenges in understanding the current framework and functionality to re-factor service layer and enhance existing framework
  • No shared codebase, lack of reusable web components resulted in long code development cycles and inconsistent user experience
  • High level of inconsistencies in trade finance product & service offerings across customer footprint
  • High maintenance costs incurred in events of organizational changes, new development and integration
Services Offered
  • Delivered 3 enterprise scale platforms for Documentary Trade,
    Open Account Trade & Limit Trade
  • Integrated functionalities with bank, counterparties & third party systems. Enabled data migration and decommissioned old systems
  • Multi-phase approach for delivery. Fixed bid for UI development and a mix of T&M and fixed bid for services and integration
FUNCTIONALITES CREATED
  • Delivered several functionalities such as Trade-AML, Name-screening, Sanctions, Trade Asset Management, Trade MIS & Analytics, Cross-sell & Up-sell Opportunities, TradeLimits/Facilities, Trade Mobile & Channels
TECHNOLOGY USED
  • Micro-service architecture with JBoss Fuse v6.3 container
  • Single-SPA meta framework to combine Ember.JS & React.JS

Benefits Realized

UX 2

Modularized platform with reusable components improved speed to market, UX consistency & quality

Code reusability 1

Code reusability shortened code development cycle & improved resource productivity

Single-SPA meta frameworks 1

Single-SPA meta frameworks supports multiple JS frameworks & lazy loading for fast initial loads

end-to-end solution 1

End to end Supply chain solutions fully integrated with customers, counterparties & third parties systems for faster TAT

global implementation 2

Global implementation with single instance across more than 60 markets

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