Transforming Core Banking with Cloud
Multi-tenant CBS & Private Cloud Deployment with 90+ banks migrated, 19,000+ app downloads, faster rollouts
ITCS | Banking & Financial Services
01
Background
In 2012, our customer wanted to expand their Core Banking Solution (CBS) to serve cooperative banks.
- NO Regulatory approach paper on cloud deployment
- Need to consider minimum NAFCUB CBS standard
02
Challenges
- Customer started developing single tenant software for each bank
- No software vendors was offering cloud based CBS during 2012
- No technical team at small banks for IT Operation
- Banks was worried about network connectivity
03
Our Approach
- Cherrylabs suggested & built Multi Tenant software development design
- Cherrylabs suggested to develop multi tenant Digital Banking APP
- Cherrylabs own the connectivity ( MPLS ) & Monitoring
- Cherrylabs build private cloud DC and DR including CloudOps & SecOPS with Helpdesk
The Results
Scalable Growth with Speed and Security
90+ Banks Onboarded
90+ Banks Onboarded to the multi-tenant CBS.
Fast Migration
Each bank was migrated to CBS within 30 days.
Unified Mobile App
80+ banks adopted a single mobile app, with 19,000+ downloads.
Faster Innovation
Customer rolled out new features to all banks simultaneously with a single release.
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