Banking Ensemble | Tech Mahindra

Banking Ensemble

Business Overview

Bermuda's preferred Bank, with over 50 years of regional presence, successfully migrates to a comprehensive banking ensemble, serving corporate and private wealth clients with bespoke financial solutions. 

To retain their market leadership, they selected an ensemble of banking best-of-breed products with Temenos solutions at the heart, complimented with the TechM Change Manager, TechM Event Manager and a robust reporting tool.

Challenge

The Bank’s prime focus was to revamp the Banking Solution to a Robust Retail and Private Banking Solution for their Corporate and Private business, to cater to their increasing customer base and flexible banking demands.

Solution Highlight

TechM positioned a core banking and investment solution to meet the Bank's requirements.

Comprehensive Banking Solution

The solution included AML, Risk Management, and e-banking solutions, along with a reporting tool and in-house Event and Change Management tools.

Proactive Banking Solution

The aim was to provide a complete banking solution to help the Bank go proactive into the market with the support of Change Management Tools.

 

Legacy System Migration

Migrating from the Bank's legacy system to the proposed solution posed challenges.

 

Migration Planning Strategy

To overcome the challenges of migrating from the Bank's legacy system to the proposed solution, the initially proposed Big Bang approach was replaced with a coordinated and planned approach.

Business Benefits

Optimizing Efficiency

Fully integrated solution realizing operational efficiencies.

Platform Flexibility

Flexible platform from which to launch new products / services.