Case Study: a large financial institution launches digital banking in 10 months with Persistent Systems

Architecting and building a digital bank in months

Persistent Systems helped a large financial institution build the digital foundation for launching fixed deposit products and SME lending. The customer wanted assisted and unassisted onboarding and servicing, plus a single platform that could manage business rules and integrate with KYC/AML, address lookup, reporting, accounting, and notification systems.

Persistent Systems implemented a digital banking solution using Mambu as the core banking platform, OutSystems for deposits onboarding and servicing, and nCino for lending origination and servicing, with integrations to TruNarrative and ALMIS among other systems. The result was a more comprehensive platform that improved client servicing automation, supported regulatory compliance, and reduced onboarding turnaround time, with deposits ready for launch in 10 months.