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Comprehensive Digital Platform Development for a Multinational Financial Institution
  1. case
  2. Comprehensive Digital Platform Development for a Multinational Financial Institution

Comprehensive Digital Platform Development for a Multinational Financial Institution

gpsolutions.com
Financial services

Identifying Digital Transformation Challenges for a Global Banking Leader

The client, a top-tier European banking group with a vast multinational customer base and extensive branch network, faces increasing pressure to stay competitive in a rapidly digitizing financial landscape. They require advanced automation solutions to optimize internal processes, improve user experience, and launch new digital financial services. They prefer engaging external partners with banking technology expertise to accelerate development and deployment without building in-house teams from scratch.

About the Client

A large, multinational banking group with extensive operations across multiple continents, aiming to enhance operational efficiency and customer engagement through digital transformation.

Goals for Digital Platform Enhancement and Business Impact

  • Develop and deploy multiple scalable and secure digital platforms supporting internal operations and customer-facing services.
  • Streamline internal processes through seamless workflows and real-time collaboration features.
  • Create a secure, user-friendly corporate training portal to facilitate employee upskilling.
  • Implement a centralized management system for upper management with task assignment, notifications, and calendar functionalities.
  • Launch a B2B customer portal enabling business clients to access financial services online, including account management and loan applications.
  • Achieve high system stability, performance, and security standards to support critical banking operations.
  • Expand digital capabilities from initial pilot projects to a comprehensive digital transformation ecosystem within 12-18 months.
  • Enhance operational efficiency and customer satisfaction, leading to increased competitive edge in global markets.

Core Functional Requirements for Banking Digital Ecosystem

  • Custom internal workflow subsystem supporting marketing, HR, and audit processes with real-time collaborative editing capabilities.
  • Secure online corporate training platform with course assignment, tracking, and accessible learning resources.
  • Centralized task management system for management, featuring dynamic task assignment, notifications, and smart calendar integration.
  • B2B customer portal facilitating account setup, loan applications, service subscriptions, and personalized content delivery.
  • Content management system enabling flexible updates and tailored experiences for business clients.

Preferred Technologies and Architectural Frameworks for Development

Java 11 with SpringBoot for backend services
React with Redux and Typescript for frontend development
PostgreSQL for database management
Redis for caching and real-time data handling
Webpack for module bundling
Docker for containerization
JUnit for testing
Swagger for API documentation

Essential System Integrations and External Interfaces

  • Existing internal enterprise systems for seamless data exchange
  • Notification and messaging systems for real-time alerts
  • Content management modules for dynamic content updates
  • Secure authentication and authorization services

Key Non-Functional System Requirements

  • High scalability to support increasing transaction volumes and user base
  • Robust security measures conforming to banking standards
  • System availability of 99.9% uptime
  • Fast response times with performance metrics below 2 seconds for user interactions
  • Data encryption and privacy compliance

Expected Business Outcomes and Transformation Potential

The project aims to significantly enhance operational efficiencies and customer experience by deploying stable, high-performance digital platforms. It is projected to enable the client to expand digital service offerings rapidly, reduce internal processing times, improve employee training effectiveness, and provide business clients with seamless online financial management tools. The transformation is expected to strengthen the client’s market position, increase customer satisfaction, and support scalable growth in a competitive global banking environment.

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