Customer

As part of an infrastructure & application security strengthening initiative, a leading multinational insurance firm set out to protect its business-critical systems against rising cyber threats and regulatory pressure. Operating across regions with customer-facing and core insurance platforms, the organization needed a structured, expert-led security assessment program to identify vulnerabilities, reduce risk exposure, and ensure compliance without disrupting operations.

Business Objective

The client aimed to:

  • Identify vulnerabilities across applications and infrastructure

  • Reduce attack surface exposure and overall operational risk

  • Ensure compliance with industry and regional security standards

  • Improve readiness for emerging cyber threats through proactive testing

  • Validate system configurations and eliminate security weaknesses

  • Strengthen resilience across customer-facing and core insurance systems

Scope of Services

BXI Technology delivered a comprehensive Vulnerability Assessment & Penetration Testing (VAPT) program tailored to the insurance environment.

Application & Infrastructure VAPT

  • Vulnerability assessment and penetration testing for business-critical insurance applications

  • Infrastructure VAPT covering servers, networks, and core enterprise platforms

  • Identification of technical vulnerabilities, weaknesses, and misconfigurations

Configuration Review

  • Detailed configuration audits across application and infrastructure layers

  • Benchmarking against CIS standards, security best practices, and compliance requirements

Severity Analysis & Risk Prioritization

  • Detailed vulnerability reporting with clear classification

  • Business-impact-driven severity ratings (Critical, High, Medium, Low)

  • Prioritized remediation roadmap aligned with insurance operations

Collaborative Testing Model

  • Co-managed testing with the client’s internal cybersecurity team

  • Iterative assessment and retesting cycles to accelerate remediation

This infrastructure & application security strengthening program established continuous visibility, prioritized remediation, and validated resilience across insurance systems.

Benefits

  • Clear visibility into security gaps across applications and infrastructure

  • Reduced attack surface through identification and mitigation of key risks

  • Actionable remediation guidance aligned with regulatory and business needs

  • Accurate vulnerability reporting with minimal false positives

  • Stronger overall security posture across insurance systems

  • Validation of remediation effectiveness through structured rescans

Impact

  • Strengthened end-to-end security across applications, infrastructure, and core insurance platforms

  • Faster threat identification and mitigation through structured VAPT cycles

  • Reduced operational and financial risk by eliminating critical vulnerabilities

  • Improved readiness for regulatory audits, compliance reviews, and risk assessments

  • Increased confidence among business, IT, and security teams to support secure digital transformation

 

Customer

As part of a GRC automation for retail banking initiative, the consumer division of a leading multinational retail banking group set out to modernize operations across insurance, credit cards, and investment products. Operating at scale across regions, the organization faced rising IT costs, legacy system constraints, and increasing regulatory complexity. To support growth and compliance, the client needed a unified, automated governance and operational model.

Business Objective

The client aimed to:

  • Reduce the high cost of maintaining ERP, non-ERP, and middleware applications

  • Improve service quality, consistency, and predictability

  • Consolidate procurement and standardize pricing across business units

  • Eliminate operational waste and better utilize spare capacity

  • Accelerate time-to-market for new banking and insurance products

  • Enable innovation for new digital banking offerings

  • Improve cross-functional collaboration and reuse of best practices

  • Strengthen application, technology, and compliance risk management

  • Ensure adherence to evolving regulatory and privacy mandates

  • Increase agility for expansion into new markets and geographies

  • Drive service consolidation as a strategic operating model

  • Accelerate digitization without disrupting existing business operations

Scope of Services

BXI Technology delivered a comprehensive GRC-led digital modernization program covering cost, operations, compliance, and agility.

Legacy Rationalization & Cost Optimization

  • Assessment of ERP, middleware, and business applications

  • Retirement of redundant systems and consolidation of overlapping capabilities

  • Optimization of licensing, infrastructure, and operational spend

Service Standardization & Operational Excellence

  • Standardized service delivery across banking, insurance, and investment portfolios

  • Consistent service-level definitions and performance metrics

  • Shared operating frameworks across previously siloed teams

Procurement & Pricing Consolidation

  • Unified procurement processes and vendor negotiations

  • Harmonized pricing structures across business units

  • Centralized dashboards for spend transparency

Risk & Compliance Transformation

  • GRC automation across 50+ regulatory and compliance frameworks

  • Integrated risk monitoring for privacy and regulatory adherence

  • Automated workflows for remediation and audit readiness

Agility & Digital Acceleration

  • Platform modernization to support rapid market entry

  • Value-stream-aligned delivery for faster realization of business value

  • Alignment of innovation initiatives with enterprise roadmaps

This GRC automation for retail banking program enabled standardized services, automated compliance, and scalable digital operations across the enterprise.

Benefits

  • Lower and more predictable IT operating costs

  • Faster product launches enabled by standardized services

  • Improved regulatory compliance with reduced manual effort

  • Greater operational transparency across the enterprise

  • Stronger collaboration between business and technology teams

  • Increased organizational agility without business disruption

  • Scalable foundation for long-term digital banking innovation

Impact

  • 20% revenue growth driven by faster launches and compliance-led acceleration

  • Significant reduction in recurring IT and application maintenance costs

  • Automation of compliance across 50+ regulatory frameworks

  • Consolidated service operations across banking, insurance, and investments

  • Reduced organizational risk and improved audit readiness

  • Faster expansion into new regions and product categories