This Lusis Payments customer is one of the largest financial institutions in the world. The organization has over 10 million global customers covering several public and business sectors. They provide tailored banking solutions for personal, small business, commercial and cross border payments.
THE NEED: Freedom from a Constraining Legacy Payments Platform
The client's business was becoming severely constrained by their 28 year-old legacy payments system. The high cost of ownership, lengthy
development times, and soaring maintenance challenges became urgent pressures for change. The legacy software was widely utilized throughout the client's vast line of banking services. It was therefore crucial that the new solution would provide a highly extensible architecture, facilitate low-risk migration projects, and have the robustness to handle diverse and high-growth volumes.
Additional high-priority requirements included;
“We have implemented more “new” functional capabilities in the last 3 years on the TANGO platform than we have in over a decade on our previous legacy platform. It is great to be free from all the constraints.”
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