Case Study: a top 10 global bank achieves seamless post-M&A wealth management integration with Sombra

Top 10 Global Bank achieves 30% of expected synergies in 6 months with Sombra

The customer, a top 10 global bank, faced a significant challenge following its acquisition of another financial organization's North American operations. The bank needed to seamlessly integrate over 500,000 new clients and up to 5,000 employees, specifically struggling with the migration and synchronization of wealth management software systems and data. They engaged the vendor, Sombra, to provide a dedicated development team to handle this complex post-merger integration.

Sombra implemented a solution using a tech stack that included Java, Spring Cloud Task for business logic, and the Quartz framework for scheduling, all designed to meet strict security and scalability requirements. The results were highly successful, with the bank achieving 30% of its expected synergies within six months, surpassing its 25% target. On an annualized basis, run-rate savings reached 55% of the stated goal, a track record that fortified the client's confidence for future growth and acquisitions.