Our client Our client is a global technology company (GTC) in the payments industry. The company’s principal business is to process credit card transactions and payments safely and accurately in the 4-party model, composed of the card holder, the card-issuing bank, the merchant, and the merchant’s bank. Our client must be able to authorize a transaction – approve a card … Read More
Subscriptions Up, Operating Cost Down for Financial Services Company
A Data Management Modernization Story Our client, a financial services company (FSC), provides identity; authentication; payment and deposit verification; and payment solutions to more than 2,500 subscribing companies. FSC’s products let people and businesses digitally send and receive payments easily. Our client Challenge FSC is modernizing the technologies that support its core processes, including architecture, infrastructure, applications and data practices. … Read More
Global Banking Firm Goes with MuleSoft for Modern Integration
Our Client This financial institution is a global markets banking specialist (MBS) offering its international customer base commodities and fixed income and currencies products that focus on emerging markets. The organization prides itself on forming strong, lasting relationships with its clients. Challenge At the institution’s foundation is a rich landscape of best-of-breed banking applications, performing core functions related to foreign … Read More
BOTs Help Mortgage Lender Keep Customers and Employees Happy
A Midwest credit union (MWCU) providing a full line of financial service offerings to its members. Prolifics has worked with MWCU since 2014. Our Client Challenge The pandemic and subsequent shut down in March 2020 sent mortgage rates tumbling. This gave homeowners with mortgages the opportunity to refinance at a lower rate. Financial services companies, including MWCU, were inundated with … Read More
A Powerful Data Audit Combination – IBM Streaming Queues and Prolifics GTM
What are streaming queues, and what is GTM? Released in July of last year, IBM MQ 9.2.3 added the “streaming queues” feature to IBM MQ queue managers. This feature allows you to configure a queue to put a near-identical copy of every message to a second queue (the streaming queues). As noted by IBM, “streaming queues can be useful in … Read More
Mortgage Lender Opens Door to Better Opportunities for Home Buyers
Our Customer This industry-leading mortgage lending company helps its clients buy, build, remodel, or refinance, by offering a variety of loan options and guiding clients through the mortgage process. The Challenge An industry-leading mortgage lending company (MLC) was having trouble optimizing the loan origination process, ensuring loans were of high quality, tracking the costs of individual loans, and leveraging data … Read More
Bank’s Modernization Beats Pandemic’s Threat to Business
At-a-Glance A BANK THAT SERVED ITS AREA’S TOURISM TRADE WAS HIT HARD WHEN THE PANDEMIC DECIMATED TRAVEL. CONVINCED THAT GAINING CONTROL OF ITS DATA WAS THE KEY TO ITS RECOVERY, THE BANK IDENTIFIED WHAT IT THOUGHT WOULD BE THE BEST SOLUTION FOR THIS. IT REACH OUT TO PROLIFICS FOR GUIDANCE. PROLIFICS’S INITIALLY ENGAGED THE BANK IN AN INTERACTIVE DATA STRATEGY … Read More
Modernization Journey Strengthens Bank’s Global Presence
Our client, an international bank hold company (IB) headquartered in Japan, has an extensive global network of finance and business centers. This story focuses on Prolifics’ work with the North American branch of the organization. About our client, an international bank Aligning Culture, Business Outcomes and Technology Our client’s challenge was one that many companies face. Their middleware, which typically … Read More
The Pandemic Rocked the Financial World. What Next?
By Gunjan Goel, Partner, Financial Services and Banking – Prolifics The effects of the pandemic on the US financial services industry were extreme and obvious: a shift in business models, a remote workforce, fast-changing operating models, and the need to speed up the digital transformation of systems. In this blog we’ll take a closer look at the effects on the … Read More
Bank Realizes Continuous Value from Data
At a Glance This national bank knew it had a problem – huge amounts of data spread across more than 1,500 systems. The bank wasn’t sure of the data’s quality, where it came from, where it was going, who had access to it and how it was being used. Knowing that previous modernization initiatives had failed, the bank made a … Read More