SlideShare a Scribd company logo
Case Study 
Managing U.K. Bank Accounts for A 
European Bank 
Achieved a cost savings of 40% with an improved 
process efficiencies 
Copyright © 2014 HCL Technologies Limited | www.hcltech.com
Business Problem 
 Client: European bank that manages its U.K. operations separately from its domestic banking business 
 Its UK business comes from JV which manages in excess of 1 million deposits and customer cards. 
• Reduce costs further 
and move to 
transactional based 
pricing from first 
year of the 
engagement 
Cost Reduction 
End-to-end 
Service 
• Make over all 
service sing and 
dance on more 
holistic and end-to-end 
basis 
• Bring in process 
efficiencies and 
ability to service new 
products 
Efficiency and 
New Product 
Client’s Objectives 
2 Copyright © 2014 HCL Technologies Limited | www.hcltech.com
Business Solution 
• Set up data centers operational in UK and implementing workflow 
• Setting up a Citrix farm to enable customer data held in UK 
• Replace existing workflow solutions across various process by customizing HCL’s TOSCANA workflow 
• Manage both credit and cards and deposits of the client end-to-end 
• HCL used its current delivery centers in 
Welwyn Garden City – mailroom operations 
Belfast & Kilkenny – contact center operations 
Chennai & Noida – data entry and processing 
3 Copyright © 2014 HCL Technologies Limited | www.hcltech.com
Key Benefits 
• The new service achieved a cost reduction of 40% 
• More efficient management of processes and the move to a transactional pricing model 
• HCL TOSCANA workflow facilitates provision of daily statistics such as the amount of money received, together 
with a single view of the customer, for banking products 
• Facilitates the introduction of new products; changes to the workflow to introduce a new banking product with in 
2 Week timescale 
CLICK TO DOWNLOAD CASE STUDY 
4 Copyright © 2014 HCL Technologies Limited | www.hcltech.com
How to cut down cost in Banking with improved efficiencies

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How to cut down cost in Banking with improved efficiencies

  • 1. Case Study Managing U.K. Bank Accounts for A European Bank Achieved a cost savings of 40% with an improved process efficiencies Copyright © 2014 HCL Technologies Limited | www.hcltech.com
  • 2. Business Problem  Client: European bank that manages its U.K. operations separately from its domestic banking business  Its UK business comes from JV which manages in excess of 1 million deposits and customer cards. • Reduce costs further and move to transactional based pricing from first year of the engagement Cost Reduction End-to-end Service • Make over all service sing and dance on more holistic and end-to-end basis • Bring in process efficiencies and ability to service new products Efficiency and New Product Client’s Objectives 2 Copyright © 2014 HCL Technologies Limited | www.hcltech.com
  • 3. Business Solution • Set up data centers operational in UK and implementing workflow • Setting up a Citrix farm to enable customer data held in UK • Replace existing workflow solutions across various process by customizing HCL’s TOSCANA workflow • Manage both credit and cards and deposits of the client end-to-end • HCL used its current delivery centers in Welwyn Garden City – mailroom operations Belfast & Kilkenny – contact center operations Chennai & Noida – data entry and processing 3 Copyright © 2014 HCL Technologies Limited | www.hcltech.com
  • 4. Key Benefits • The new service achieved a cost reduction of 40% • More efficient management of processes and the move to a transactional pricing model • HCL TOSCANA workflow facilitates provision of daily statistics such as the amount of money received, together with a single view of the customer, for banking products • Facilitates the introduction of new products; changes to the workflow to introduce a new banking product with in 2 Week timescale CLICK TO DOWNLOAD CASE STUDY 4 Copyright © 2014 HCL Technologies Limited | www.hcltech.com