Bain provide a brief outline for Financial services incorporating a new platform to align wth business priorities. This would also provide an ideal forward looking platform to work with GenAI development aligned with the revised processes which have been designed with AI in mind.
- Bain outline follows below
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.
The Situation
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:
- What technology strategy best fits Mortgage Holding’s business strategy, both now and in the future?
- How can the company align different stakeholders to one common technology vision?
- How should the functional architecture be designed?
- Can standard software be leveraged?
- How can the new technology strategy be properly implemented?
Bain Approach
We created a three-phase approach to develop and support the implementation of the technology strategy.
Our Recommendations
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.
The Results
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.
