Mulesoft Case Studies Building a modular bank to unleash the power of innovation

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	Building a modular bank to unleash the power of innovation Mulesoft

Building a modular bank to unleash the power of innovation

Mulesoft

Technology Category	Application Infrastructure & Middleware - Middleware, SDKs & Libraries
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Use Cases	Infrastructure Inspection Regulatory Compliance Monitoring
Services	System Integration Software Design & Engineering Services
Challenge	Banque de Luxembourg, one of the largest financial institutions in Luxembourg, was facing challenges due to new regulatory requirements and heightened customer expectations. The bank's IT landscape was built upon point-to-point connections, based on individual project and line of business definitions. This approach was becoming very complex and time-consuming to integrate and capitalize on existing architecture. The bank acknowledged that a number of upcoming projects such as their web banking system and Visa 3DS System would not see good return on investment from this tight coupling between front end and core banking systems. The bank set out to understand how they could improve efficiency in their organization and reduce time to market. Read More
About Customer	Banque de Luxembourg is one of the largest financial institutions in Luxembourg, handling over €68bn of client's deposits. The bank has been offering wealth management solutions to the local and European market successfully since 1920. In an increasingly complex world, Banque de Luxembourg strives to provide clients with objective advice and concrete long-term solutions. Their belief is to stay away from passing fads or solutions with limited transparency, and this belief extends to their technology landscape as well. Read More
Solution	Banque de Luxembourg embraced a modular approach to architecture to decouple core backend and front-end systems. This approach enabled reuse locally so that teams could focus on higher value innovation of processes and experiences, without compromising security. The bank made the decision to go to market with a connectivity solution that would help them realize their vision quickly in the short term. With an existing partner, Cap4Lab, the bank had MuleSoft deployed in an ESB capacity which was initially utilized to implement the Visa 3D Secure protocol. After researching the capabilities of MuleSoft's Anypoint Platform further, the bank recognized there was more value they could be leveraging from the Anypoint Platform, both in terms of tooling and in terms of the modular approach it enabled. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - Middleware, SDKs & Libraries

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Use Cases

Infrastructure Inspection

Regulatory Compliance Monitoring

Services

System Integration

Software Design & Engineering Services

Challenge

Banque de Luxembourg, one of the largest financial institutions in Luxembourg, was facing challenges due to new regulatory requirements and heightened customer expectations. The bank's IT landscape was built upon point-to-point connections, based on individual project and line of business definitions. This approach was becoming very complex and time-consuming to integrate and capitalize on existing architecture. The bank acknowledged that a number of upcoming projects such as their web banking system and Visa 3DS System would not see good return on investment from this tight coupling between front end and core banking systems. The bank set out to understand how they could improve efficiency in their organization and reduce time to market.

About Customer

Banque de Luxembourg is one of the largest financial institutions in Luxembourg, handling over €68bn of client's deposits. The bank has been offering wealth management solutions to the local and European market successfully since 1920. In an increasingly complex world, Banque de Luxembourg strives to provide clients with objective advice and concrete long-term solutions. Their belief is to stay away from passing fads or solutions with limited transparency, and this belief extends to their technology landscape as well.

Solution

Banque de Luxembourg embraced a modular approach to architecture to decouple core backend and front-end systems. This approach enabled reuse locally so that teams could focus on higher value innovation of processes and experiences, without compromising security. The bank made the decision to go to market with a connectivity solution that would help them realize their vision quickly in the short term. With an existing partner, Cap4Lab, the bank had MuleSoft deployed in an ESB capacity which was initially utilized to implement the Visa 3D Secure protocol. After researching the capabilities of MuleSoft's Anypoint Platform further, the bank recognized there was more value they could be leveraging from the Anypoint Platform, both in terms of tooling and in terms of the modular approach it enabled.

Impact #1	The bank was able to dedicate 70% of time on innovation projects, versus 40% previously.
Impact #2	The bank was able to approach each project with a 'what can we reuse?' mentality.
Impact #3	The bank is looking at moving toward the use of APIs and API-led connectivity to realize the next step change in building in speed to their business and better serving their clients.

Impact #1

The bank was able to dedicate 70% of time on innovation projects, versus 40% previously.

Impact #2

The bank was able to approach each project with a 'what can we reuse?' mentality.

Impact #3

The bank is looking at moving toward the use of APIs and API-led connectivity to realize the next step change in building in speed to their business and better serving their clients.

Benefit #1	2x quicker time to market for digital initiatives.

Benefit #1

2x quicker time to market for digital initiatives.

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Overview

Building a modular bank to unleash the power of innovation

Operational Impact

Quantitative Benefit