As part of their long-term strategy, our client decided to rationalize its technology platforms and application ecosystem of their corporate actions function. This strategy manifested into two acts - reducing the footprint of legacy systems (e.g., mainframes) and increasing investments into building and managing a robust and reliable modern tech landscape (cloud, modern systems, etc.).
The client was struggling to keep up with the latest business needs due to an archaic tech landscape. It failed to provide the agility required to meet the firm's growth objectives. The existing applications and platforms scored very low on user experience. The documentation for maintaining these applications was dated, which hurt their knowledge management initiatives. More importantly, the cost of maintaining these legacy applications was extremely high.