Home » How » Industries » FinTech » Banking Process Digitalization
BPM/BPMN, Java 1.8, Java 11, RxJava, Spring Boot, Spring Data, MapStruct, REST APIs, Camunda, OpenShift, Elastic search, Oracle database, Angular
The Client was using highly fragmented legacy applications which severely complicated customer and process management across credit ratings and risk assessment, loans, lending, and deposits.
In particular, the company faced the following challenges:
After analyzing the client’s current legacy applications, the rinf.tech team identified common patterns that created bottlenecks in its banking and financial ecosystems.
The analysis showed that system performance delays, resource allocation issues, problems with adaptability to changes, and inability to meet customer needs were due to the lack of a modern business process integration layer.
Following internal research and discussions with the client’s technical architects and business side for process definition, modeling, and implementation, the team reached an agreement on process definition, adjustments, and improvement within Camunda, and Camunda customizations for specific needs.
As such, the solution consists of:
Since time was of the essence for the customer, rinf.tech developed a release roadmap to be achieved within 4 months. Despite difficulties related to process modeling and numerous discussions on technical implementation, the solution was successfully released within the set deadline.
The custom-built solution has functionalities allowing the client to:
The current solution was chosen considering the business context of the customer, their current digital transformation maturity level, regional distribution, overall ecosystem, and the degree of connectivity for existing processes.
The logical data model has been divided into three data groups:
This data has been distributed into several entities.
We have started the collaboration with RINF TECH when starting the Tibco replacement project in October 2019. One of the Tibco components being replaced (Tibco iProcess) required BPM senior expertise. We have sent an RFP and RINF TECH has won the contest by presenting the best cost and time efficient offer and demonstrating their BPM prowess through demo and POC meetings. They have sent their best BPM/JBPM experts and took the time to understand our needs. They have discussed with developers, testers, business analysts, architects, project and senior management, to make sure they understand what needs to be done before presenting their offer.
The Tibco iProcess replacement fixed price contract, was delivered within time, cost and scope constraints. The delivered code showed high quality and the collaboration with RINF TECH development team was top quality in addition very pleasant on a personal level. I highly recommend the RINF TECH implementation team for high-value, time sensitive projects. They are a dependable partner in any situation. The Tibco replacement project has brought six figure cost efficiency on a yearly term and I can say that RINF TECH brought a major contribution to help us achieve this objective. I have also collaborated with RINF TECH by having T&M testing resources onsite. The colleagues from RINF TECH were excellent team additions and performed their activities very well with minimum intervention from my side.