Challenges
An international provider of consumer credit services aimed to establish a new entity in the Spanish market, offering a full spectrum of financial products, including vehicle and household appliance financing, as well as personal loans. The project required smooth integration of the core banking system with external systems to enable client identification, AML profiling, and financial reporting.
The main challenges included:
- Developing a fully operational financial institution from scratch within a tight timeline.
- Ensuring integration between the core system and external applications.
- Bridging the gap between business expectations and technical implementation
- Collaborating effectively across international teams with diverse cultural and professional backgrounds.
Solution
To tackle these challenges, ITDS assumed the role of Product Owner for the core banking system and assembled a specialized team of five experts skilled in software integration, full-stack development, Oracle technologies, SME business analysis, and delivery management. Key steps included:
- System Integration Expertise: Ensuring smooth communication between the core banking system and external solutions for AML checks, client identification, and general ledger updates.
- Business Understanding: Leveraging deep industry knowledge to quickly grasp business requirements and translate them into technical solutions.
- Stakeholder Alignment: Conducting frequent meetings with end users to clarify expectations and resolve uncertainties.
- Technical Optimization: Enhancing database performance by optimizing SQL and PL/SQL queries, ensuring efficient data processing.
- Global Collaboration: Working with professionals across Europe while ensuring smooth coordination with end users in Spain.
Results
- Successful Market Entry: The newly established financial institution is now thriving in Spain.
- Operational Excellence: Delivering all project requirements on time despite complexity.
- Scalability & Growth: Expanding operations to employ over 200 people while maintaining strong financial performance.
- Improved System Efficiency: Optimizing Oracle database performance, enhancing overall operational effectiveness.
Why ITDS?
- Expert-Level Consulting: Established a comprehensive end-to-end delivery team, spanning roles from Delivery Manager/Project Manager to developers, ensuring smooth project execution and efficiency
- Proven Adaptability: Aligning with a fast-paced, multinational environment while ensuring compliance with local Spanish regulatory requirements.
- Commitment to Excellence: Strengthening collaboration to play a pivotal role in establishing a robust financial institution from the ground up.
This project highlights ITDS’s expertise in helping financial institutions successfully grow their business through expert consulting and efficient technology integration.
Interested in Our Services?
To get in touch with us, please send an email to info@itds.pl and experience fast and efficient project team building for your business needs.
