CASE STUDIES

Prepaid Card Platform Modernization 

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Need

successful digital transformation digital transformation approach benefits of digital transformation Successful Digital Transformation | Solei Consulting Our holistic digital transformation approach makes successful implementation manageable, avoiding common pitfalls. Text us to get started!

The old system was causing delays to market and creating risk for the existing prepaid cards valued at US $165 billion.

To support the future growth of American Express prepaid products and migrate from the legacy AS400 prepaid monolithic platform. There was an urgent need for modernization and to improve performance and poor availability times, thus reducing TCO. The old system was causing delays to market and creating risk for the existing prepaid cards valued at US $165 billion.

Solution

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Produced $40 billion in retail accounts

Put in place the following:

Evaluation, purchasing, and building of new B2B prepaid card sales platform – Technology and vendor evaluation

Program management across multiple companies and teams

Platform solution architecture and design

Migration of InHouse Seller CRM to Salesforce

J2EE, Websphere, SOAP, Datapower, Salesforce CRM

Rational suite of tools for release management (Req pro, Designer, Jenkins), IBM MQ, DB2

Led the enterprise-to-enterprise, United States-backed technology • Oversaw a $30 million portfolio, 40 ancillary applications, seven external vendors, and eight business areas • Led a four-year migration to a new platform for increased customer demand for high-yield savings and certificate of deposit accounts • Produced $40 billion in retail accounts •  Delivered solutions for over 100 business flows and 2,500 functional requirements • Developed strategic plans and roadmaps in collaboration with business leaders and vendors • Established organizational and governance structures, change controls, escalation and communication protocols, and impediment.

successful digital transformation digital transformation approach benefits of digital transformation Successful Digital Transformation | Solei Consulting Our holistic digital transformation approach makes successful implementation manageable, avoiding common pitfalls. Text us to get started!

Results

$20 million US per annum reduction in TCO and exceeded post-migration sales targets by 20%.

Migrated 100,000 million prepaid cards and products to a new vendor platform (mainframe from AS400 to WebSphere), achieving a 66% reduction in time to market for a new product (from 6 months down to two months), resulting in a $20 million US per annum reduction in TCO and exceeded post-migration sales targets by 20%.

Wave 4 Digital Transformation Case Studies

View a few examples of ways we’ve implemented Wave 4 Digital Transformation.

Fortune 500 Multi National Multi Services Corporation

for Card Platform Modernization

Fortune 500 BFSI Company Multinational Financial Service

for Digital & Omni Channel Banking

Blast & Design Data Capture Tools

for Mineral & Mining Industry

successful digital transformation digital transformation approach benefits of digital transformation Successful Digital Transformation | Solei Consulting Our holistic digital transformation approach makes successful implementation manageable, avoiding common pitfalls. Text us to get started!

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