A leading banking major needed to modernize its IT infrastructure to cut costs and automate operations. Their legacy applications were monolithic and expensive, leading to high infrastructure and licensing costs. Onsite resource dependency further drove up expenses, making scalability a challenge.
With 95% of applications running on-premises, the bank faced huge infrastructure and licensing costs. The lack of automation across business and IT functions slowed productivity and increased operational overhead. To stay competitive, they needed a more efficient, automated, and cost-effective solution.
A smarter, cost-effective IT strategy
Ascendion leveraged its Pathfinder Due Diligence Assessment framework to uncover inefficiencies and identify non-linear optimization opportunities. Key initiatives included:
- Developing a Value Hypothesis focused on fit-shoring, process and technology debt reduction, cloud transformation, and hardware consolidation
- Building a unified application architecture with technology debt heatmaps, pinpointing areas for optimization
- Creating a cloud transformation roadmap to eliminate vendor redundancies and optimize licensing costs
Business Impact
- $38 million Total Cost Savings by year 3
- 30%+ issues can be automated/eliminated through debt reduction
- 100% SQL license Optimization through cloud transformation
- 35% fit-shore opportunity across the 5 towers by year 1
