arrow Back to case studies

Liberty Bank

IT Consulting.
Performing IT audit and setting up IT strategy for one of the biggest Georgia’s banks

ABOUT CLIENT

Who have we helped?

Liberty Bank is the third-largest bank in Georgia by total assets, with a 5.3% market share as of 30 September 2017. The Bank has the largest branch network and serves approximately 1.6 mln individuals and over 77 thousand legal entities, employing over 5000 employees.

PROJECT SUMMARY

What was the project about?

Liberty Bank is a private bank in Georgia. The business development and post-COVID changes had resulted in new expectations in the IT area. The management was interested in a quick update of the IT strategy to address the transformations and align with the Bank’s business strategy.​

ABOUT challenge

What was the challenge?

  • Preparation of the IT Strategy for the years 2022-2024;
  • Time pressure/short project time;
  • Evaluation of potential risks and proposal of mitigation plans.
ALTKOM

What have we done?

— IT Consulting

We presented the assessment of the current state and recommendations for changes in the areas of: IT work organization (> 200 employees), IT cooperation with business, target architecture of several dozen key systems and optimization of the use of the equipment and licenses.

Altkom performed the Information Security Management System audit, the CORE systems audit, IT Teams & Hardware, and created a list of IT initiatives supporting the business strategy and supplementing key IT deficits for 2022-2024.
OUTCOME & KEY RESULTS

What results did we get?

2022-2024

Prepared IT Strategy for years 2022-2024.

15%

15% cut of annual bank’s IT budget.

6 weeks

Achieving the project milestones under time pressure in just 6 weeks.

TECHNOLOGIES

What technologies have we used?

.NET

JAVA

QMS Audit

Process Automation

IRS Audit

app dev
quote

Altkom Software & Consulting consultants have demonstrated substantive knowledge and efficiency in delivering IT expertise. We especially appreciate flexible agile approach, which resulted in maximized advantages for available time & effort.

Tornike Benidze

CIO