Case Study: a large multinational bank achieves significant annual savings with Persistent Systems' payments platform transition

Ensuring significant annual savings in maintenance and support for a global bank through advisory and consulting services

The client, a subsidiary of one of the largest multinational banks, needed to optimize expenditures by replacing its high-cost IBM Payments Director platform after exiting the US market. They sought a partner to provide consulting services for vendor assessment and to select a new Financial Transactions Management platform. Persistent Systems was chosen to manage this transition.

Persistent Systems provided end-to-end advisory and consulting support, managing the RFP process to select a new payments operational platform. They helped define the platform criteria, supported the decommissioning of the old system, and enabled a seamless transition. As a result, the client realized significant annual savings in maintenance and support costs and gained new innovative capabilities.