Meridian Financial Systems
FinTech · 1,200 employees
Engagement
9 months
The challenge
Core banking migration 14 months behind schedule
Situation
A cloud migration of their core banking platform had stalled after 18 months. Three vendors had been cycled through, scope had ballooned 240%, and the board was considering abandonment. Regulatory deadlines were 6 months away.
What we did
- Deployed a Delivery Governance Board within 72 hours of engagement
- Introduced weekly risk-adjusted milestone tracking replacing monthly status reports
- Consolidated vendor accountability under a single delivery authority
- Restructured scope into 3 sequential tranches with hard gates
Measured outcomes
11
Months recovered
62%
Budget variance reduced
Yes
Regulatory deadline met
7
Vendor disputes resolved