The NAGARRO Experience
In 2011, pre-empting the massive change
in the banking industry, a large European bank
decided to bring in an external IT partner for the first time.
But they did not want a veteran with their backs to the future. They wanted
- Agility
- Flexibility
- Transparency
The NAGARRO Experience
In 2011, pre-empting the massive change
in the banking industry, a large Eastern European bank decided to bring in an external IT partner for the first time.
RUN and CHANGE the bank at the same time
NEXT
In 2011, pre-empting the massive change
in the banking industry, a large Eastern European bank
decided to bring in an external IT partner for the first time.
Someone who could help them to
But they did not want a bank veteran
with their backs to the future.
The bank wanted
- Agility
- Flexibility
- Transparency
The NAGARRO Experience
The ERSTE Experience
RunNING the Bank
Nagarro helps IN
Systems critical to core banking operations are handled with robust processes
and large dedicated teams working round the clock
to ensure zero disruptions and the highest security standards
By modernizing complex legacy systems
By SUPPORTING critical large scale systems
By implementing robust compliance systems
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RunNING the Bank
Nagarro helps IN
Systems critical to core banking operations are handled with robust processes
and large dedicated teams working round clock
to ensure zero disruptions and only the highest security standards
By modernizing complex legacy systems
Core Posting System
Leasing Suite
Migrated the posting application (managing the home savings and loan association) from Mainframe Assembler to Natural
Highlights
- Replaced all the legacy assembler code without any loss of functionality
- Enhanced the existing architecture by identifying and removing old unused functions
Enhanced a complex leasing suite that manages the entire leasing lifecycle of the bank
Highlights
- Automated calculation of leasing contacts like term of leasing installment and present value calculation
- Updated the lease run process to support permanent invoices
- Enhanced the UI to ease the process for capturing details
RunNING the Bank
Nagarro helps IN
Systems critical to core banking operations are handled with robust processes
and large dedicated teams working round clock
to ensure zero disruptions and only the highest security standards
By revamping critical large scale systems
Global Net Banking Application
Loan Corporate Banking
Revamped the existing application architecture on a multi-channel infrastructure with an intuitive, seamless and streamlined interface
Highlights
- Optimized the workflow for domestic and international transfer and transaction search
- Integrated the application with Western Union Money Transfer
- Provided a seamless omni-channel user experience
Developed a modern web based application for corporate customers
Highlights
- Enabled multiple account management, bulk transactions and payments via SEPA standards and regulations
- Provided support for domestic and foreign remittances
RunNING the Bank
Nagarro helps IN
Systems critical to core banking operations are handled with robust processes
and large dedicated teams working round clock
to ensure zero disruptions and only the highest security standards
By implementing robust compliance systems
Multi-GAAP Implementation
SEPA Implementation
Transitioned from GAAP* to Multi GAAP accounting standards
Highlights
- Implemented IFRS** accounting standards in complex legacy application
- Developed a general ledger and reporting system as per IFRS guidelines
Developed an auxiliary system for credit card transactions to ensure conformity with SEPA***
Highlights
- Developed a system to share information with financial organizations and other external parties
- Provided information for credit card transactions as per SEPA guidelines.
* GAAP: Generally Accepted Accounting Principles
** IFRS: International Financial Reporting Standards
*** SEPA: Single Euro Payments Area
CHangING the Bank
Nagarro helps IN
For the more disruptive projects, small team with cross-functional experts set up and empowered to carry out quick prototyping and targeted roll-outs.
By creating delightful user experiences
By venturing into unchartered territory
By converting data into insights
BACK
CHangING the Bank
Nagarro helps IN
For the more disruptive projects, small team with cross-functional experts set up and empowered to carry out quick prototyping and targeted roll-outs.
By creating delightful user experiences
Mobile Banking Application
Mobile Trader
Developed the first end-to-end mobile banking application for the bank’s customers on iOS and Android platforms
Highlights
- Implemented mobile banking functionalities like account overview, funds transfer, bill payment, online order status tracking, forex details
- Provided access to latest news updates in a highly intuitive multi-form factor design
Developed an easy, automated mobile solution for trading in stocks, derivatives and currency derivatives
Highlights
- Allowed real time monitoring of customer positions and market data
- Created a safe and secure environment for customers to trade through mobile
CHangING the Bank
Nagarro helps IN
For the more disruptive projects, small team with cross-functional experts set up and empowered to carry out quick prototyping and targeted roll-outs.
By venturing into unchartered territory
Personal Finance Manager
Credit Rating Engine
Created an app for customers to manage their assets and liabilities along with their savings and expense online
Highlights
- Introduced modules to allow customers to add income and expenses along with required categorization
- Enabled multiple views of current expenses, upcoming transactions and income to manage personal budget
Developed a tool to evaluate credit worthiness of debtor institutions like banks and sovereigns
Highlights
- Defined multiple credit rating models while maintaining version history
- Enabled a solution maker-checker feature for every activity
- Utilized a modular approach for reusing the existing model definition
CHangING the Bank
Nagarro helps IN
For the more disruptive projects, small team with cross-functional experts set up and empowered to carry out quick prototyping and targeted roll-outs.
By converting data into insights
Customer Sentiment Analytics
Implemented a management dashboard for measuring and evaluating customer sentiments for the bank and its competitors on social media
Highlights
- Developed a highly interactive UI with visualizations and multi-level metrics for different user types (from CXOs to Marketing Managers)
- Enabled a real-time notification system and comparative analysis for various brands, people and demographics
Initial Idea of BANKING
By nagarro
