Client Situation
Our client is a leading bank in Bahrain with an asset size of around USD 27 Billion. The bank provides a wide range of services across retail banking, wholesale banking, investment banking and asset management. The bank has a network of branches across the GCC. The client wanted to review and upgrade its existing solution capabilities while consolidating its current stack of applications across 9 countries.
Cedar’s Approach
In this program, Cedar was mandated to develop an enterprise-wide functional and solution blueprint across all systems in the bank across the 9 countries.
- Reviewed the business strategy and IT imperatives across retail and wholesale banking for customer, product, process, and technology.
- Reviewed the current state architecture of the bank across all the 9 countries.
- Evaluated current stack across 70+ applications based on functional and technical fitment.
- Conducted a detail functional analysis to arrive at a retail/ replace decision for each application based on the alignment to the bank's strategy.
- Identified application for evaluation and consolidation as part of the transformation program.
- Created 10+ decision analysis for overlapping applications for consolidation.
Outcome
The program resulted in a detailed analysis of the current state along with the final blueprint of the architecture across each of the 9 countries. The results included
- Developed the architecture design principles for the target state.
- Identified applications which are to be retained and/or replaced.
- Identified areas of consolidation based on a decision analysis across areas.
- Identified key gaps in the architecture along with the potential resolution to minimise these gaps.
- Developed a target application blueprint of 50+ applications across all bank department Retail, Wholesale, Treasury, Risk Management across the 9 countries.
- We made strategy and innovation work.