Building a modular bank to unleash the power of innovation
Customer Company Size
Large Corporate
Region
- Europe
Country
- Luxembourg
Product
- MuleSoft's Anypoint Platform
Tech Stack
- ESB
- API-led connectivity
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Productivity Improvements
- Innovation Output
Technology Category
- Application Infrastructure & Middleware - Middleware, SDKs & Libraries
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
Use Cases
- Infrastructure Inspection
- Regulatory Compliance Monitoring
Services
- System Integration
- Software Design & Engineering Services
About The Customer
Banque de Luxembourg is one of the largest financial institutions in Luxembourg, handling over €68bn of client's deposits. The bank has been offering wealth management solutions to the local and European market successfully since 1920. In an increasingly complex world, Banque de Luxembourg strives to provide clients with objective advice and concrete long-term solutions. Their belief is to stay away from passing fads or solutions with limited transparency, and this belief extends to their technology landscape as well.
The Challenge
Banque de Luxembourg, one of the largest financial institutions in Luxembourg, was facing challenges due to new regulatory requirements and heightened customer expectations. The bank's IT landscape was built upon point-to-point connections, based on individual project and line of business definitions. This approach was becoming very complex and time-consuming to integrate and capitalize on existing architecture. The bank acknowledged that a number of upcoming projects such as their web banking system and Visa 3DS System would not see good return on investment from this tight coupling between front end and core banking systems. The bank set out to understand how they could improve efficiency in their organization and reduce time to market.
The Solution
Banque de Luxembourg embraced a modular approach to architecture to decouple core backend and front-end systems. This approach enabled reuse locally so that teams could focus on higher value innovation of processes and experiences, without compromising security. The bank made the decision to go to market with a connectivity solution that would help them realize their vision quickly in the short term. With an existing partner, Cap4Lab, the bank had MuleSoft deployed in an ESB capacity which was initially utilized to implement the Visa 3D Secure protocol. After researching the capabilities of MuleSoft's Anypoint Platform further, the bank recognized there was more value they could be leveraging from the Anypoint Platform, both in terms of tooling and in terms of the modular approach it enabled.
Operational Impact
Quantitative Benefit
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