Client case:
Van Lanschot
Kempen
Modernizing Core Banking: How Van Lanschot Kempen Integrated Growth with Stability
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Introduction
In 2007, Van Lanschot undertook the initiative to modernize its core banking system. The bank aimed to transition from its legacy COBOL-based system to a modern, scalable platform that would enable real-time operations.
Around the same time, Van Lanschot acquired Kempen & Co, a Dutch merchant bank providing financial services in asset management, securities brokerage and corporate finance.
During the integration, Van Lanschot noted that Kempen had been using Allshare’s Bankview system with success. Given the positive experience at Kempen and the practical challenges Van Lanschot faced in their own migration process, the bank decided to adopt Bankview as its own banking solution.
Approach
Allshare provided a structured and phased migration strategy that allowed Van Lanschot to transition smoothly to the new system. The outdated COBOL platform was gradually replaced with Bankview, minimizing disruptions and ensuring a stable transition.
The migration plan prioritized operational continuity by allowing the new system to work alongside the existing processes during the transition. This approach enabled the bank to maintain stability while preparing for future growth.
Bankview’s scalability also meant the new system could evolve with Van Lanschot’s needs over time, all while keeping costs predictable and manageable.
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Result
The implementation of Bankview equipped Van Lanschot with a modern, reliable infrastructure. The phased migration ensured that the transition was smooth and uninterrupted, supporting real-time operations and long-term growth.
The new system not only made it easy to integrate Belgian operations but also facilitated the acquisition and onboarding of several wealth management companies.
By 2024, Van Lanschot Kempen had been recognized as the Best Private Bank in the Netherlands, reflecting the operational efficiency and client focus supported by their upgraded core banking platform.
Curious to learn more?
Are you considering replacing or developing your core banking system? If you’re looking for tailored solutions designed specifically for private banks, we’d love to help you explore your options. Whether you want more details or are ready to take the next step, our team is here to guide you.