Mendix (Siemens) Case Studies Archway's Innovative Banking Solutions with Mendix and AWS

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	Archway's Innovative Banking Solutions with Mendix and AWS Mendix (Siemens)

Archway's Innovative Banking Solutions with Mendix and AWS

Mendix (Siemens)

Technology Category	Infrastructure as a Service (IaaS) - Public Cloud Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries	Buildings Finance & Insurance
Applicable Functions	Logistics & Transportation Product Research & Development
Use Cases	Inventory Management Last Mile Delivery
Services	Cloud Planning, Design & Implementation Services Testing & Certification
Challenge	Regional banks play a crucial role in the economic health of communities by offering greater access to funding and personalized services. However, over the last two decades, these institutions have found it increasingly difficult to compete with larger national banks due to customer demand for more convenience and digital touchpoints in banking, and their lack of IT expertise to deliver them. Large national banks have hundreds of people dedicated to software development and can make up for their lack of personal client relationships by offering sleek, easy-to-use applications. This has become particularly important in a post-COVID era, where digital convenience often overshadows the personal touch of in-person banking. Regional banks are at a crossroads – their lean IT budgets are hardly enough to develop enterprise-grade software with traditional code, and commercial-off-the-shelf solutions are typically restrictive. Read More
About Customer	Archway Software was born from the Innovation Lab of WaFd Bank (previously known as Washington Federal Bank). Dustin Hubbard, now President at Archway, served as WaFd’s CTO from 2019 through 2022. Hubbard selected Mendix and with 4 developers delivered WaFd’s online banking portal in just 10 months. The success of this project sparked several new ideas for Hubbard’s team. In December of 2022, Archway formally spun out as an independent software vendor (ISV) in the Mendix ecosystem. Today, Archway offers banking innovation as a service across three pillars: developing great client experiences with adaptable solutions for online banking, back office bank management, call center management, operating on a common architecture, and unifying data. Read More
Solution	Archway Software, spun out from the innovation lab of a regional bank, aims to level the playing field by providing financial institutions with adaptable solutions in a timeline, price point, and delivery model that addresses the gaps in their software development abilities. Archway’s solution offerings are built on enterprise-grade technologies such as the Mendix low-code platform and AWS, enabling their customers to achieve a 4x faster delivery for solutions such as customer banking portals and Customer 360 dashboards. Archway offers an alternative to the build vs. buy quandary – investing in adaptable solutions – where 80% of a solution is based on a common architecture which can be reused across various organizations, and the remaining 20% can be adapted through customization, extensions, or integrations. Archway also provides access to enterprise-grade technologies like Mendix and AWS, hosting all of their solutions on AWS, either by way of the Mendix Public Cloud or Amazon EKS. Read More Log in to view content
Contents

Technology Category

Infrastructure as a Service (IaaS) - Public Cloud

Platform as a Service (PaaS) - Application Development Platforms

Applicable Industries

Buildings

Finance & Insurance

Applicable Functions

Logistics & Transportation

Product Research & Development

Use Cases

Inventory Management

Last Mile Delivery

Services

Cloud Planning, Design & Implementation Services

Testing & Certification

Challenge

Regional banks play a crucial role in the economic health of communities by offering greater access to funding and personalized services. However, over the last two decades, these institutions have found it increasingly difficult to compete with larger national banks due to customer demand for more convenience and digital touchpoints in banking, and their lack of IT expertise to deliver them. Large national banks have hundreds of people dedicated to software development and can make up for their lack of personal client relationships by offering sleek, easy-to-use applications. This has become particularly important in a post-COVID era, where digital convenience often overshadows the personal touch of in-person banking. Regional banks are at a crossroads – their lean IT budgets are hardly enough to develop enterprise-grade software with traditional code, and commercial-off-the-shelf solutions are typically restrictive.

About Customer

Archway Software was born from the Innovation Lab of WaFd Bank (previously known as Washington Federal Bank). Dustin Hubbard, now President at Archway, served as WaFd’s CTO from 2019 through 2022. Hubbard selected Mendix and with 4 developers delivered WaFd’s online banking portal in just 10 months. The success of this project sparked several new ideas for Hubbard’s team. In December of 2022, Archway formally spun out as an independent software vendor (ISV) in the Mendix ecosystem. Today, Archway offers banking innovation as a service across three pillars: developing great client experiences with adaptable solutions for online banking, back office bank management, call center management, operating on a common architecture, and unifying data.

Solution

Archway Software, spun out from the innovation lab of a regional bank, aims to level the playing field by providing financial institutions with adaptable solutions in a timeline, price point, and delivery model that addresses the gaps in their software development abilities. Archway’s solution offerings are built on enterprise-grade technologies such as the Mendix low-code platform and AWS, enabling their customers to achieve a 4x faster delivery for solutions such as customer banking portals and Customer 360 dashboards. Archway offers an alternative to the build vs. buy quandary – investing in adaptable solutions – where 80% of a solution is based on a common architecture which can be reused across various organizations, and the remaining 20% can be adapted through customization, extensions, or integrations. Archway also provides access to enterprise-grade technologies like Mendix and AWS, hosting all of their solutions on AWS, either by way of the Mendix Public Cloud or Amazon EKS.

Impact #1	Archway's Mendix development team has more than doubled in the last year, with Hubbard primarily recruiting engineers with React Native, Eclipse, or front-end development experience. The abstraction and automation afforded by developing in Mendix has enabled this diverse development team to spend more time experimenting with innovation rather than focusing on tedious and repetitive work. The ability to see impact quickly and collaboratively throughout the software development lifecycle has made room for Archway’s development team to craft a roadmap that solves real and present challenges for banks. The ability to iterate and deliver quickly is core to Archway’s value proposition – their commitment is to get banks up and running with any solution 4x faster. Archway hopes that in the future their customers will begin to embrace the speed and potential of low-code and lean into the concept of co-innovation – a value unique to adaptable solutions – to continue driving the industry forward.

Impact #1

Archway's Mendix development team has more than doubled in the last year, with Hubbard primarily recruiting engineers with React Native, Eclipse, or front-end development experience. The abstraction and automation afforded by developing in Mendix has enabled this diverse development team to spend more time experimenting with innovation rather than focusing on tedious and repetitive work. The ability to see impact quickly and collaboratively throughout the software development lifecycle has made room for Archway’s development team to craft a roadmap that solves real and present challenges for banks. The ability to iterate and deliver quickly is core to Archway’s value proposition – their commitment is to get banks up and running with any solution 4x faster. Archway hopes that in the future their customers will begin to embrace the speed and potential of low-code and lean into the concept of co-innovation – a value unique to adaptable solutions – to continue driving the industry forward.

Benefit #1	4x faster delivery for solutions such as customer banking portals and Customer 360 dashboards
Benefit #2	Delivered WaFd’s online banking portal in just 10 months
Benefit #3	Decoupled their solutions from the WaFd brand, processes, and architecture in just five months

Benefit #1

4x faster delivery for solutions such as customer banking portals and Customer 360 dashboards

Benefit #2

Delivered WaFd’s online banking portal in just 10 months

Benefit #3

Decoupled their solutions from the WaFd brand, processes, and architecture in just five months

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Overview

Archway's Innovative Banking Solutions with Mendix and AWS

Operational Impact

Quantitative Benefit