Financial Services Modernization: From Legacy to Leading-Edge
How we modernized a traditional bank's core systems with real-time fraud detection, reducing false positives by 70% and achieving 99.99% uptime while cutting operational costs by 60%.
70%
Reduction in false positives
The Challenge
Metropolitan Trust Bank faced mounting pressure from digital-first competitors and needed to modernize their legacy infrastructure while maintaining security and compliance.
Impact: 5-second transaction times, limited API capabilities, high maintenance costs
Impact: 70% false positive rate, $2M annual losses, poor customer experience
Impact: Regulatory penalties, audit failures, resource-intensive reporting
Impact: Customer churn to digital-first competitors, reduced market share
Our Solution
We implemented a comprehensive modernization strategy that transformed their technology stack while ensuring security, compliance, and operational excellence.
Technologies Used:
Outcome: Sub-second transaction processing, 99.99% uptime, 60% cost reduction
Technologies Used:
Outcome: 70% reduction in false positives, 95% fraud detection accuracy
Technologies Used:
Outcome: 90% reduction in compliance reporting time, zero regulatory penalties
Technologies Used:
Outcome: 40% increase in digital adoption, 85% customer satisfaction
AI Fraud Detection
Advanced machine learning algorithms providing real-time fraud detection with industry-leading accuracy.
Real-time fraud detection and prevention
High accuracy in identifying fraudulent transactions
Significant reduction in legitimate transactions flagged
Annual savings from reduced fraud losses and operations
Enterprise Security
Bank-grade security measures ensuring customer data protection and regulatory compliance.
Implementation Timeline
A comprehensive 20-month transformation ensuring zero downtime and seamless customer experience.
- Legacy system analysis and data mapping
- Regulatory requirements assessment
- Cloud-native architecture design
- Risk assessment and migration strategy
- Microservices development and testing
- Data migration and validation
- API gateway and integration layer setup
- Security framework implementation
- Fraud detection ML model development
- Digital banking platform deployment
- Compliance automation implementation
- Customer experience optimization
- Phased production rollout
- Performance monitoring and optimization
- Staff training and change management
- Continuous improvement framework
Business Results
Transformational improvements across all key performance indicators and customer experience metrics.
Transaction Processing
94% faster
Dramatic improvement in transaction speed and customer experience
Fraud Detection Accuracy
70% reduction
Significant reduction in false positives while maintaining security
Operational Costs
60% reduction
Major cost savings through cloud modernization and automation
Digital Adoption
114% increase
Substantial growth in digital banking usage and engagement
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"The transformation Leadev delivered has positioned us as a leader in digital banking. Our customers now enjoy lightning-fast transactions, and our fraud detection capabilities are industry-leading. The platform has not only improved our operational efficiency but has also enhanced our competitive position in the market."
Robert Chen
Chief Technology Officer
Metropolitan Trust Bank
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