The client, an international financial services company, approached Coforge for assistance with building an Enterprise Integration platform. Coforge proposed a customer specific implementation approach, based on the discovery phase and assessment reports. Accordingly, an Enterprise Integration platform (AKANA Enterprise Integration Bus- EIB) was built using micro services architecture. This helped the client integrate and scale their I.T. systems quickly to respond the rapid business change with controlled costs. The project was executed within six months, following Coforge’s legacy modernization approach.
The client was an international financial services company, active in 18 countries, with a strong presence in several European countries and Japan. Originally based in the Netherlands, the client had over fifteen thousand employees. They provided retirement services, pensions, insurance, investments and banking to approximately eighteen million customers.
The client’s I.T. systems were built on old architecture which were tightly coupled and not scalable to meet increasing demands. To update the I.T. systems meant a transition from the old system to new digital assets. The process was time consuming and translated to slower product rollouts, leading to tough competition in the market.
The client realized that it had to focus on its core business for profitability and long-term survival. They decided to partner with Coforge based on our experience in executing similar projects with the following key recommendations:
There was an existing web method solution in place. Coforge built an Enterprise Integration platform (AKANA Enterprise Integration Bus - EIB) using micro services architecture. This allowed the client to integrate and scale their I.T. systems, to quickly respond to rapid business change with controlled costs. Micro services were mostly written in Java (Spring-boot and core Java) and Python, allowing transactions to be stateless. Other suggestions made by Coforge were:
By engaging with Coforge, the client could focus on its core competencies and maintain its leadership position in a highly competitive industry. In addition to technology and digital support, Coforge improved the client’s operational efficiencies by 25 %. The client was empowered to provide standardized and consistent business services across their business. Coforge also assisted by providing oAuth 2.0 support and reusable solutions for use by both internal and external teams. A centralized glossary that identified and defined data in the same way, monetized API usage and a self-service oriented adoption were other positive outcomes of this project.