Core Banking System
Modernizing legacy banking infrastructure for real-time operations
Problem Statement
The bank was operating on outdated legacy systems causing slow transaction processing, limited scalability, and frequent downtime during peak hours. Branch operations were siloed with no real-time visibility into account balances or ledger positions, leading to reconciliation delays and customer dissatisfaction.
Solution Provided
Lumien implemented a modern Core Banking System (CBS) with real-time processing, centralized data management, and high scalability. The system enabled seamless handling of CASA accounts, deposits, and loans across all branches. A unified customer master ensured data consistency, and the high-availability architecture eliminated single points of failure.
What's included
Results & Impact
Measurable outcomes delivered after implementation.