LG CNS Finance

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Case Study

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Shinhan Bank Next Generation System Bank

Project Overview

Following the acquisition of Chohung Bank, Shinhan Bank needed to integrate business processes and systems of the two banks.

Customer

- No. of Employees: 11,250
- No. of Branches: 966 domestic and 19 overseas
- Total Assets: 220 trillion KRW
- BIS Ratio: 15.62%
- Global Bank Ranking: 78 (2011, the Banker)
- Together with Woori Bank (72th) and KB (74th), forms Korea’s Big 3 banks

Customer Needs

Key Project Features:
- System integration and rebuilding following Shinhan Bank’s acquisition of Chohung Bank
- Utilizing an application framework embedded with common business modules, integrated the business processes of the two banks (UNYSIS system), and rebuilt them into a UNIX system
- Target TPS: 2,000

Project Detail:
- Implemented Core Banking System
- Implemented Product Factory
- Performed EAI (Enterprise Application Integration)
- Implemented MCI (Multi Channel Architecture)
- Implemented Integrated Terminal System
- Facilitated 24/7/365 Non-stop System

Solution and systems

For seamless business processes integration and system rebuilding, LC CNS business specialists built a seamless interfacing system utilizing EAI and MCA solutions, and facilitated time-to-market with Product Factory.

- Core Banking System
Utilizing Tmax’s Pro-Frame, LG CNS built the first C Language core banking system in Korea and provided product competitiveness with Product Factory.

- EAI (Enterprise Application Integration)
To ensure efficient and accurate data exchange between systems, built integrated infrastructure that standardizes and simplifies interface protocol and specifications

- MCA(Multi Channel Architecture)

- Integrated Terminal System
Integrated disparate terminal user screens to increase efficiency and convenience of branch terminal users and facilitate point-of-contact sales in bank branches.

Results

- Product Factory reduced average product development and time-to-market from 21 days to 6 days
- Reduced annual IT operating costs by 23%

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