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Corporate and Investment Bank (CIB) Group Division of a leading global investment bank. The loan business is very paper intensive and requires exchange of huge amount of documents with multiple parties involved. They faced the challenge to access to documents by multiple users at the same time was not possible; Lack of version control as users created "Shadow" file systems to compensate for lack of multiple user access; Distribution of paper documents was time consuming and cost inefficient and no backups of documents. Luxoft built highly available and scalable solution called that meets ambitious goals set by the bank. The application is used by the Loan Operations & Credit Management Departments with user base scattered across 25+ Countries.
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