Rapid changes in financial technology are constantly putting pressure on the global banking industry to adapt and focus on consumers' needs. In this context, Citibank was looking for ways to increase competitiveness by reducing costs and making better use of the IT infrastructure.
In order to achieve these goals, the bank chose to keep business applications on the mainframe platform and migrate with Anubex via an automated software language translation from Natural to COBOL and CICS with DB2.
The process entailed over 8 million lines of Natural code in production at various branches of the bank in 15 countries to Enterprise COBOL. The developers in charge of the Natural system are now able to maintain the transformed code using leading, modern development tools like Eclipse.
A key parameter of this project was the challenging timeframe in which the customer needed to go live. This made the use of automated transformation and testing tools crucial, otherwise the bank would have had to produce over 25.000 lines of fully tested, working code per day during a period of twelve months.
Even with 150 programmers, such productivity is unheard of. Having an effective process and powerful tools to automate the transformation was the only way to make spectacular savings in both time and cost possible.
The entire project took 20 months to complete with no more than 30 IT experts at both Anubex and Citibank working together to bring the project to a successful conclusion. Using the tools and methods of Anubex, the bank realized significant cost savings and a ROI within less than 2 years after completing the project.
Some of the benfits of our approach and tools include:
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Citibank is the consumer division of financial services multinational Citigroup, founded in 1812 as the City Bank of New York. Read more at www.citi.com.
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