Case study
A consortium of mortgage banks saw significant benefits in joining forces to create an integrated holding company. However, none of their legacy tech platforms could cover the new company's needs. We evaluated the architecture and migration options and identified a strategy to generate more than 40 million Euros in benefits.
A consortium of mortgage banks had decided to join forces within an integrated holding company, Mortgage Holding*. The consortium expected significant synergies as a joint nationwide player. However, the individual mortgage banks within Mortgage Holding all had different technology platforms (e.g., custom vs. standard software) without any standardization for non-differentiating tech functions. Further, none of the legacy platforms addressed Mortgage Holding's requirements. We were asked to advise on the following issues:
We created a three-phase approach to develop and support the implementation of the technology strategy.
Through full alignment of business objectives with the new architecture and governance structure Mortgage Holding can better integrate bank processes, thus achieving efficiency and synergy.
Design, agreement and successful implementation of a business-aligned technology strategy will generate approximately 40 million Euros in benefits.
* We take our clients' confidentiality seriously. While we've changed their names, the results are real.