Our client, a leading private bank in the German market, aimed at integrating a fragmented technical IT framework onto a common platform for a unique banking solution.
In particular, the technical migration between the two institutions, Hauck Aufhäuser and Bankhaus Lampe, had to be carried out with a relevant number of internal and external stakeholders and the transfer of sensitive data to a common IT platform had to be performed in a safe and secure manner, in order to avoid any potential loss or damage.
The business models of Bankhaus Lampe and Hauck & Aufhäuser seemed similar from a high-level perspective, however, the services differed on a detailed level. Also, different products were offered, which made it necessary to enable the current banking system with new products specific to Bankhaus Lampe’s offering.
Key strategic priorities included:
- Performing the migration rapidly while maintaining the businesses operative
- Ensuring operational readiness with minimal client impact
- Hands-on solution for critical issues
- Clear and constant communication between the parties
- Accurate testing