Banking Research & Consulting | TABInsights

Integrating legacy banking systems and infrastructure

Addressing diverse market challenges and business impact throughout the integration process

November 2024
USD 100

Rapid regional growth and evolving consumer demands have spurred banks like UOB to redefine their operational frameworks. With challenges in ensuring cost-efficiency, scalability and adaptability within the integration process is crucial. UOB’s $3.6 billion acquisition of Citigroup’s ASEAN consumer banking operations marked a transformative step, reinforcing its position in Indonesia, Malaysia, Thailand, and Vietnam. Despite significant asset growth, the acquisition posed challenges in technological integration, customer retention, and regulatory compliance.
The case study delves into UOB’s journey, highlighting its transition from fragmented legacy systems to a streamlined operational model. Leveraging its phased “golden copy” integration approach, UOB successfully merged Citigroup’s complex data and IT systems into its Silverlake Integrated Banking Software (SIBS) framework. 

Survey date:
November 2024
Delivery:
The detailed file is available in PDF format (13 pages) and will be directly delivered to your account following online payment confirmation.

The report includes:
1. How potentially integrating legacy infrastructure led to scalability and cost-efficiency challenges
2. UOB’s strategy using a "golden copy" process, focused on maintaining customer trust and system compatibility.
3. Analysis on UOB’s lifestyle and digital transformation strategy
4. Business impact analysis on UOB’s financials post the acquisition
5. Key learnings from UOB’s integration process across ASEAN
 

  • 1. Overview of UOB’s expansion in ASEAN
  • 2. Navigating the challenges of integrating Citigroup’s infrastructure 
  • 3. UOB’s “Golden Copy” experiment and implementation approach
  • 4. Unforeseen obstacles on the integration path 
  • 5. Opting for a phased approach to minimise disruption
  • 6. Technology as a key enabler of driving customer value
  • 7. UOB’s lifestyle-centric and digital strategy
  • 8. Charting a course for leadership in a dynamic market
  • Banking and financial services executives interested in large-scale regional expansions and strategies for integrating acquired assets seamlessly.
  • Technology and IT leaders seeking effective methodologies for integrating disparate IT systems across multiple geographies.
  • Strategic planners and innovation leaders focused on enhancing retail banking capabilities and leveraging digital tools to drive customer engagement.
  • Mergers and acquisitions professionals looking to understand the operational challenges and best practices for post-acquisition integration in banking.
  • Financial technology providers and consultants aiming to align their solutions with the needs of banks undertaking large-scale technology transformations.

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