endorsedCompleted

Digital Transformation Consulting for a Private Bank

Services Covered:

IT Consulting • Custom Software Development

Industry

Financial Services

1 month

Budget

10K - 49K

Start Date

1 September 2021

Team Size

1-5

Engagement Model

Nearshore

Project Capability Score (PCS)

74/100

Good

Project Capability Score (PCS) estimates how capable altkom software is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

Liberty Bank

Tbilisi, Georgia

Project Summary

Altkom Software & Consulting prepared an IT strategy for Liberty Bank covering 2022–2024, analyzing strategic business solutions and IT deficiencies, evaluating risks, and proposing initiatives and mitigation plans. The client praised the rapid, high-quality delivery, agile approach, and the strategy's usefulness for budgeting and future IT planning.

Key Challenges

Need for a rapid IT strategy update to align with post-COVID business transformations.
Short project timeline and time pressure (6 weeks).
Need for an independent second opinion based on market standards and best practices.

Project Deliverables

IT strategy for 2022-2024
Analysis of strategic business solutions and critical IT deficiencies
Defined target IT capabilities and development approach
Evaluated risks and proposed mitigation plans
List of IT initiatives imported to Jira for tracking

Project Solution

Altkom Software & Consulting led an analysis of business and IT gaps, defined target IT capabilities and development approaches, evaluated risks and proposed mitigation plans, and proposed a list of IT initiatives. They imported the initiatives into the client's Jira for tracking. The work was delivered by a small consulting team (3 consultants, 44 man-days) working remotely via Teams and Jira.

Project Outcome

High-quality IT strategy developed rapidly and on-time for budgeting.
High-priority items were identified and drilled down.
Market standards and best practices were shared with the client.
The prepared IT strategy was used for next year's budgeting and further IT project planning.

Platforms

Tech Stack

Jira

Client Endorsement

Overall Review Rating

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“Altkom Software & Consulting created a high-quality IT strategy for the client and shared market standards and best practices for the business. They also listed high-priority items that needed to be addressed. The client appreciated their agile approach, efficiency, and comprehensive IT expertise.”
Tornike Benidze
CIO
Date: 02/21/2023