Case Study: Leading Universal Bank achieves faster regulatory compliance and reduced costs with HCL's migration of compliance, legal & registration applications

Migration Of Compliance, Legal & Registration Applications For A Leading Universal Bank

A LEADING UNIVERSAL BANK faced a fragmented portfolio of more than 42 compliance, legal and registration applications across Mainframe, UNIX, SQL/Oracle, Java and other technologies, all maintained in silos and unable to provide a unified view for Credit, Liquidity and Risk or respond quickly to changing regulations. HCL was engaged to provide Application Support & Maintenance and migration services to consolidate the landscape and improve regulatory responsiveness.

HCL migrated legacy systems to Java-based applications, centralized support and development, aided requirements gathering and decommissioning, and enabled faster integration of new functionality. As a result, HCL delivered faster time-to-market and automation, cost savings, on‑schedule compliance deliverables that met regulatory deadlines, and reduced total cost of ownership while supporting joint-venture and regulatory changes.