Financial Services

March 24th, 2018

 

INDUSTRY

CLIENT

PROJECT

SOLUTION

RESULTS

Insurance
Venerable is a business with well-established,
strategic investors,
experienced in successfully building
and growing insurance businesses
with patient, long-term capital.
Replatforming mainframe workloads on AWS Cloud to implement a cloud-first strategy and establish an acquisition engine.

The target workload was the Agent Management System (AMS), which provided core business-critical functions for commission calculations, payment generation, license validation, supplemental compensation, accounting, and statements.

Duration: 16 months.
Probe™ for application discovery and inventory analysis. Heirloom® for code refactoring and data migration.

Project implementation was led by Cognizant,  along with Heirloom Solution Architects and Venerable SMEs.
AMS refactored to a cloud-native application running on a highly-available AWS infrastructure.

Project completed 8 months ahead of schedule.

$1M per month in savings which cut OPEX by more than 80%.

Download the Case Study.

 

INDUSTRY

CLIENT

PROJECT

SOLUTION

RESULTS

FinTech, Banking
ACI Worldwide is a Universal Payments Company with a digital payments processing platform (used by thousands of banking & brokerage clients).
Modernization of application platform handling multi-trillion $ transactions per day, to enable application deployment to the cloud and distribution of services through new digital channels.

Duration: 9 months.
The system was refactored from an IBM Power System running proprietary COBOL systems to an Heirloom Java application running on commodity x86 Linux hardware.

Project implementation was led by the client with direct support from Heirloom staff.
Along with the migration to an agile platform, improving performance was a critical success factor.

The cost of infrastructure required for the application was cut by 70%, delivering a significantly more cost-effective solution for customers, and improving margins for the client.

 

INDUSTRY

CLIENT

PROJECT

SOLUTION

RESULTS

Insurance, Retirement, Investing
A multi-billion $ financial services company with primary products & services focused on managing plans for retirement in the USA.
Implementation of transformative Business Process Outsourcing (BPO) initiative by client’s Systems Integrator, requires IBM Mainframe data center consolidation to the Cloud.

Over 50 online & batch applications that represent critical business differentiation have been identified for refactoring.

Duration: 19 months.
Heirloom was selected for refactoring applications to the Cloud following multiple successful POC’s conducted by the client’s Systems Integration partner.
BPO imperative enables the client to focus on enhancing the delivery of core business value, consistent with the implementation of digital transformation initiatives.

The end-state architecture required a cloud-native implementation to provide a cost-effective, scalable, and agile solution.

 

INDUSTRY

CLIENT

PROJECT

SOLUTION

RESULTS

Credit Cards, Banking, Investing
A leading global provider of credit card & banking services.
Accelerate batch processing window, and move towards real-time fraud detection for credit card transactions.

The client’s current IBM Mainframe platform is vertically-constrained. Consequently, it is not capable of taking on the additional processing required without a substantial investment, and adherence to a future-state that perpetuates the same constrained computing model.

Duration: 9 months.
The batch processing environment (consisting of large COBOL, DB2, and JCL workloads) was recreated in the Cloud using Heirloom.

Project implementation is being led by the client with direct support from Heirloom staff.
An Heirloom cloud-native deployment provides the client with the ability to dynamically scale-out (and scale-back) batch processing based on parameters that were not previously available.

Batch processing can now be executed in parallel, significantly reducing the time required to complete.

A microservices model is now possible so batch transactions can be executed in real-time.

 

INDUSTRY

CLIENT

PROJECT

SOLUTION

RESULTS

Insurance
A UK-based insurance company with over 20 million customers, operating in European markets.
Competitive engagement to select a vendor.

The corporate strategy is to replace IBM Mainframes with open-systems and cloud computing infrastructure. Primary drivers are the need to refactor workloads to an agile ecosystem, and cut costs.

Duration: 5 months.
Heirloom was used to quickly & accurately refactor online and batch workloads to the Java platform.
Heirloom was selected as the preferred vendor for the client’s IBM Z and IBM i worldwide refactoring program.

Project planning for the next phase is now in progress, involving multiple locations.