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Post-M&A IT Integration
Post-M&A IT IntegrationPost-M&A IT Integration
In the banking sector, the overall success of a merger or acquisition (M&A) transaction almost entirely depends on the efficient and fast execution of the IT systems integration. According to analysts at Cutting Edge Information, some bank mergers lose half or more of their value due to integration delays. Not doing the integration right is another risk that may cause a whole range of problems, from account statement errors to out-of-service branches and ATMs. However, most banks struggle (and often fail) to win the "integration war" on internal fronts, therefore, a large-scale M&A integration project involving virtually all the key systems of multiple banks becomes a truly immense challenge.
Avantek's Banking Services Integration (BSI) solution, Avanta Banking Services Hub, provides banks with complete, actionable, cross-channel view of customers, interactions, accounts, transactions, and products, by converging isolated back-office systems into a single, consistent data and services hub.
The challenging task of M&A IT integration demands an organized, systematic architectural approach, and Avantek's BSI solution represents a solid foundation for addressing such challenges:
- Avanta Banking Services Hub provides the required architectural foundation for successful post-M&A IT integration initiatives, resulting in less time- and effort-consuming integration cycles.
- Allows more flexibility in making optimal "keep or retire" decisions for systems of the merged banks by minimizing the impact of replacing any single system to other applications.
- Helps banks looking for strategic partners to become more attractive acquisition targets by making their IT systems ready to be integrated with the acquiring bank's systems in an accelerated way.
- Reduces the integration project risks and impact on the customers.
Read more about applying Avanta for Post-M&A IT Integration >
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