Speaker: Dalene Minnaar, Enterprise Architect, Standard Bank
Abstract: Standard Bank was established in 1862 and is the biggest lender by assets in Africa. Its Fleet Management Division, with the largest market share in South Africa, started to lose ground to FinTechs who offered niche services.
Mainframe technology was holding the business back. The entire business model needed to transform from transactional card and managed maintenance to an insights-driven digital business able to create new value for customers by leveraging a partner ecosystem.
The modernization journey started in 2019 and, in record time, Standard Bank was able to use the Software AG platform to capture the market with new digital offerings while extending the value of a 35-year-old mainframe built with Adabas & Natural.
Product: Adabas & Natural