Inter-branch transaction mechanisms and Zero Balancing services
By 2008, Large Scandinavian bank had significantly expanded its customer service portfolio. Business growth, new tasks and numerous IT solutions implemented in the bank required a brand new level of IT infrastructure, including an integration platform and service-oriented architecture (SOA).
Project Outcomes
Development of inter-branch transaction mechanisms. Integration of different applications across 11 branches of the bank.
Development of Zero Balancing, a Cash Management product, which was relatively new for the Russian market. It is one of the most complex Cash Management products, which required high-level integration of numerous banking applications.
The new integration platform for the bank was built using IBM ESB. It met all the requirements to enterprise integration platform and was a perfect solution to the tasks set out in the brief.
As a result of the project, the bank was able to successfully migrate to the new ABS and implement a new SOA-based IT infrastructure.