
Data-led Digital Transformation Redefines Bank
Unlocked legacy mainframe data from core systems into an intelligent data lake creating a single pane of glass view for all business data.
Relentlessly changing technology and market dynamics have created a high-velocity, always-on environment for financial firms.
AI, automation, and analytics solutions help you improve operating cash flows, reduce working capital, and build robust and resilient operations.
Build efficient business operations and discover the opportunities of a connected environment
Go beyond aesthetics to create simple, superior, and intuitive experiences that transform the way you do business.
Transform and manage your compute storage network, operating system, database, and application environment with enhanced security, powered by AIOps intelligence.
Modernize your business to be cloud-first for greater efficiency, effectiveness, speed, and scale
Modernize your application infrastructure with APIs and Microservices
Get a lightning-fast response to the evolving business landscape to scale operations, accelerate top-line growth, and retain competitive advantage
Automate what is best suited to your goals to drives frictionless digital customer engagements, data-driven insights, and business growth
Modernize development to drive performance and high quality at speed.
Incubate maximum productivity and innovation in cross-functional teams
Effortlessly deliver simple, seamless, and secure experiences to cement your competitive edge.
Modernize core systems, transform processes and services, and get market- leader advantage.
Orchestrate seamless, digital investment services experiences toward health and wealth portfolio management.
Relentlessly changing technology and market dynamics have created a high-velocity, always-on environment for financial firms.
AI, automation, and analytics solutions help you improve operating cash flows, reduce working capital, and build robust and resilient operations.
Build efficient business operations and discover the opportunities of a connected environment
Go beyond aesthetics to create simple, superior, and intuitive experiences that transform the way you do business.
Transform and manage your compute storage network, operating system, database, and application environment with enhanced security, powered by AIOps intelligence.
Modernize your business to be cloud-first for greater efficiency, effectiveness, speed, and scale
Modernize your application infrastructure with APIs and Microservices
Get a lightning-fast response to the evolving business landscape to scale operations, accelerate top-line growth, and retain competitive advantage
Automate what is best suited to your goals to drives frictionless digital customer engagements, data-driven insights, and business growth
Modernize development to drive performance and high quality at speed.
Incubate maximum productivity and innovation in cross-functional teams
Effortlessly deliver simple, seamless, and secure experiences to cement your competitive edge.
Modernize core systems, transform processes and services, and get market- leader advantage.
Orchestrate seamless, digital investment services experiences toward health and wealth portfolio management.
Home / Case Study / Insurance Mainframe Core Modernization to Open Stack System on Cloud
SLK helps a Fortune 100 insurer to modernize their Core Mainframe application and migrate it to the cloud improving integration & customer experience, reducing total cost of ownership by 35%, and enabling 30% faster go-to-market.
A Fortune 100 insurer struggled with operational costs, workforce challenges, and M&A integration issues due to a legacy core mainframe application. We helped overcome these challenges by helping them move to the latest open stack technologies on the cloud: this improved business agility, customer experience, and streamlined M&A integration.
Although effective and capable in their time, many legacy systems face the uphill challenge of evolving, managing data, integrating with other systems, or keeping pace with the demands of end-users and modern technology. In addition, legacy systems incurred additional costs in managing them, and the client was locked in with the vendor. Finding people well-versed with mainframe skills was also a challenge, so talent availability was a risk. Finally, inability to evolve quickly meant they were not aligned with the business and couldn’t provide the agility needed in digital times, impacting the customer experience.
To overcome these challenges, live up to the digital economy’s demands, and streamline M&A integration efforts, the insurer decided to move to the cloud.
SLK partnered with the client and created a legacy modernization strategy to aid their move to the latest open-system-based architecture on the cloud. We also leveraged products and accelerators to jump-start the modernization efforts.
The key solution tenets included:
Savings
Speed to market
Lines of code migrated
The move to the cloud supported the business vision of the client. It enabled:
Together SLK and the client addressed the transformation need by using SLK’s proven methodology, frameworks, and accelerators for a faster and more successful legacy transformation journey.
Unlocked legacy mainframe data from core systems into an intelligent data lake creating a single pane of glass view for all business data.
Find out how our Data Hub & API built on cloud enabled business transformation through enhanced customer experience & reduced TCO.
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