Financial services transformation
Banking, wealth and insurance
Financial services is Transformativ's deepest bench. We deliver core banking replacement, payments modernisation, wealth platform transitions, separations and claims transformation for banks, mutuals, wealth managers, superannuation funds and insurers.
Three parts of financial services, one bench
Banking
Core banking replacement, payments modernisation and digital channels, for major banks and for the mutual and credit union sector.
- Core banking
- Payments
- Digital channels
- Mutuals and credit unions
Wealth and superannuation
Wrap platform transitions, separations and standalone entities, and adviser and member experience.
- Wrap platforms
- Separations
- Superannuation
- Adviser enablement
Insurance
Claims and policy platform transformation across life, general and health insurers, with the customer journey rebuilt end to end.
- Claims
- Policy administration
- Life, general and health
- Digital journeys
The moments a financial institution needs a delivery partner
A legacy core is holding everything back
Every new product waits on the core platform, and a replacement decision can't wait much longer.
A merger, separation or change of ownership
Two institutions are combining, or a business is being carved out or sold, and customers can't notice.
Cost-income pressure
Too many products, systems and processes, built up over years of growth.
Regulators and boards are watching
A program that isn't landing its benefits, under scrutiny from the board, a regulator or a shareholder.
What we've delivered in financial services
and 500k+ accounts migrated, with zero major incidents and cent-accurate reconciliation
to a live core banking platform: the world's fastest SAP core banking rollout at the time
TSAs exited in a $430M wealth management separation, with no major customer disruption
in benefits from a global claims transformation, with claims cycle times down 30 to 40%
in client assets moved in a wrap platform transition, with 100% accuracy and zero penalties
The platforms and standards our people work with
Our team and specialist network bring hands-on experience across the platforms financial institutions run on, and we stay independent of every vendor.
- SAP core banking
- Finacle
- Vision+
- BASE24
- Tango
- Euronet
- ISO 20022 and ISO 8583
- SWIFT
- Guidewire
- Duck Creek
- FNZ
- Salesforce
- AWS, Azure and GCP
- Wrap and superannuation platforms
AI that stands up to risk, audit and regulator scrutiny
In financial services, AI has to be accurate, explainable and accountable. We redesign the work around AI and put it into live operation with human judgement kept where it matters, starting with Catalyst+, our AI transformation product.
The services financial institutions engage us for most
Cutover & Transition Management
Core replacements and migrations taken live with rehearsals, a command centre and rollback ready.
Explore Cutover & Transition Management →Data Migration & Data Services
Customer, account and financial data moved at scale and reconciled before go-live.
Explore Data Migration & Data Services →Transformation Office & Strategic Orchestration
One program across vendors and business lines, with benefits tracked until they are banked.
Explore Transformation Office & Strategic Orchestration →Common questions from financial institutions
Yes. We lead core banking replacements from platform decision through to cutover: program leadership, vendor orchestration, data migration and a rehearsed go-live. Our people delivered what was at the time the world's fastest SAP core banking rollout, in nine months.
Yes. We deliver wrap platform transitions, separations and standalone entity design for wealth managers and superannuation funds. Our people led what was at the time Australia's largest wrap platform transition, moving $8B in client assets with 100% accuracy.
Yes. We transform claims and policy platforms and the customer journey around them. Our people delivered $213M in benefits across a global claims transformation, with claims cycle times down 30 to 40%.
Every go-live is rehearsed, run from a command centre and backed by a rollback plan, with data reconciled before anything moves. A $9.6B account migration we led went live with zero major incidents and cent-accurate reconciliation.