Synpulse, a global management consulting firm and partner to major banks, is proud to announce the successful go-live of Judo Bank’s new core banking platform, powered by Thought Machine, a banking technology company.
This significant achievement, completed in just 12 months, “saw the launch of three critical banking products at Judo Bank: business loans, home loans, and lines of credit.”
Judo Bank, an Australia-based challenger bank “for small and medium-sized businesses (SMEs), known for its innovative approach to banking and customer-centric services, embarked on this project to build a new core banking platform.”
With Synpulse as the delivery partner, Judo Bank was able “to leverage the firm’s deep expertise in banking transformation, technological integration, and cloud services, resulting in a seamless transition to the new platform.”
In the first nine months, the new core banking platform “was developed, and new-to-bank customer pilot commenced.”
Three months later, Judo Bank migrated existing customers “to the platform enabling the bank to improve reliability, reduce cost of ownership and increase flexibility and speed in bringing new product features to market.”
Synpulse played a pivotal role throughout the project’s lifecycle, “providing comprehensive support from the initial planning stages through to post go-live operations.”
Synpulse support extended to technical project management, “core configuration, system integration, data migration, and rigorous system testing to ensure the platform’s readiness.”
The project also utilised key solutions “from AWS (Amazon Web Services), including AWS Lambda for serverless computing and Amazon S3 for scalable storage, enhancing the platform’s performance and scalability.”
Change management was another aspect of Synpulse’s contribution, “with the firm supporting the initiative through company wide impact assessments and training to ensure the seamless adoption of the new platform by Judo Bank’s team.”
