An international consumer credit provider set out to launch a new financial institution in Spain, offering a complete portfolio of services (from vehicle and household appliance financing to personal loans). For the launch to succeed, seamless integration between the core banking system and external applications was essential, enabling client identification, AML profiling, and financial reporting, all within a tight deadline.
Challenges
- Building from the Ground Up: Establishing a fully operational financial entity from scratch.
- System Integration: Connecting the core banking system to external tools for compliance, reporting, and customer onboarding.
- Business–Tech Alignment: Translating strategic goals into working, reliable software systems.
- Cross-Cultural Collaboration: Coordinating diverse international teams while maintaining a clear, shared vision.
Solution
To overcome these challenges, ITDS took on the role of Product Owner for the core banking system and built a high-performing team of five experts skilled in software integration, full-stack development, Oracle technologies, SME business analysis, and delivery management. Main actions included:
- End-to-End Integration: Ensuring smooth interoperability between the core platform and external systems, covering AML checks, client identification, and general ledger updates.
- Business-Driven Tech: Quickly grasping business needs and transforming them into efficient technical solutions.
- Stakeholder Engagement: Running regular sessions with business users to clarify priorities, align expectations, and ensure transparency.
- Database Performance: Improving SQL and PL/SQL efficiency in the Oracle environment to speed up processing and boost system responsiveness.
- Pan-European Collaboration: Working closely with teams across Europe while maintaining daily coordination with users and decision-makers in Spain.
Results
- A New Bank Launched: The institution is now successfully operating in Spain, meeting business and regulatory requirements.
- On-Time Delivery: All system components were delivered on schedule, despite the complexity of launching from scratch.
- Sustained Growth: The business grew rapidly, now employing over 200 people and maintaining strong financial performance.
- Optimised Infrastructure: Key database improvements led to faster, more efficient operations, setting the stage for long-term scalability.
Why ITDS?
- End-to-End Delivery Expertise: From project management to full-stack development and database optimisation, ITDS built the complete team needed for success.
- Regulatory & Market Adaptability: We ensured technical compliance with Spanish regulations while adapting to an international work culture.
- Reliable Execution: We partnered closely with the client to bring their vision to life, efficiently, collaboratively, and with lasting impact.
This project reflects ITDS’s strength in turning complex financial ambitions into reality, through expert consulting, technical mastery, and a hands-on approach to system integration.
Interested in Our Services?
To get in touch with us, please send an email to info@itdsportugal.com and experience fast and efficient project team building for your business needs.
