Key highlights
30%
faster customer onboarding time
Better test coverage with AI-driven testing
Modernized treasury applications with cloud migration
Overview
Zensar partnered with the fintech client to modernize mission-critical platforms, accelerate delivery, enhance user experience, and drive scalable growth through a Function CoE model across core banking, lending, treasury, and trading.
Challenges
1
Lack of scalable product engineering
Faced increasing pressure to adopt a scalable, integrated product engineering approach across core banking, lending, treasury, and trading platforms.
2
Legacy system constraints
Struggled with inefficient operations and scalability issues due to outdated applications and infrastructure.
3
Regulatory compliance strain
Had to keep up with evolving financial regulations while enhancing platform capabilities.
Solution
1
Enhanced asset servicing platform
Introduced new features and compliance functionalities, ensuring regulatory adherence and platform competitiveness.
2
Modernized core lending platform
Re-engineered using a flowable workflow, driving significant sales growth and operational efficiency.
3
Optimized core banking operations
Enabled seamless client onboarding, expanding market reach and improving service delivery.
4
AI-driven test automation
Implemented AI-powered testing across product lines, enhancing accuracy, efficiency, and test coverage.
5
Treasury application modernization
Migrated treasury applications to the cloud and revamped UI, improving performance, security, and user experience.
Impact
30% faster customer onboarding
Streamlined processes led to a significantly lower onboarding time, enhancing efficiency and customer satisfaction
Improved scalability
Enhanced operational capabilities enabled scaling client business in a competitive market.
User-centric innovation
Ensured intuitive, high-performing solutions that drove engagement and adoption through our “Experience-led everything” approach.
Sustained competitive edge
Leveraged capital markets and banking expertise to help the client stay ahead with cutting-edge, regulatory-compliant solutions.