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Liberty Bank
Performing IT audit and setting up IT strategy for one of the biggest Georgia’s banks
Who have we helped?
Founded in 1994, Liberty Bank is one the leading private banks in Georgia, recently becoming the third largest in the country. It has the largest network of branches nationwide among all the banks in the local market.
What was the project about?
The global COVID-19 pandemic reshaped many spheres of life, including banking. The business development and post-COVID changes resulted in new expectations in the IT area. The management board and the latest IT Director of Liberty Bank were interested in a quick update of the IT strategy to address the transformations and keep the alignment with the bank’s business strategy.
The bank faced an important decision: IT systems had to be audited to determine whether they would allow the institution’s business strategy to be implemented. In particular, whether critical systems have good architecture and secure technologies, whether there is no unused hardware, and whether IT teams are ready to support the new strategy. The bank sought a partner with management experience, familiar with the various IT, process, and organizational solutions and their effectiveness.
What have we done?
We responded by presenting an assessment of the current state and recommendations for changes in areas such as:
— Organization of IT works (> 200 employees),
— IT cooperation with businesses,
— Target architecture of several dozen critical systems,
— Optimization of the use of owned equipment (several hundred servers) and licenses.
The total savings reached 15% of the annual IT budget. Altkom performed the Information Security Management System audit, the CORE systems audit, and IT Teams & Hardware and created a list of IT initiatives supporting the business strategy and supplementing critical IT deficits for 2022-2024.
What results did we get?
Strategy
Preparation of the IT strategy for the years 2022-2024.
15%
Our audit findings helped save 15% of the annual bank’s IT budget.
6 weeks
Achieving the project milestones under time pressure in just 6 weeks.
What technologies have we used?
.NET
QMS Audit
IRS Audit
CIO at Liberty BankAltkom Software consultants have demonstrated substantive knowledge and efficiency in delivering IT expertise. We especially appreciate the flexible, agile approach, which resulted in maximized advantages for available time & effort.