Overview
Ahead of Bulgaria’s legally mandated Euro (EUR) adoption on 1 January 2026, a leading global bank faced a non-negotiable regulatory deadline requiring enterprise-wide currency conversion. The transformation demanded high-precision calculations, zero operational disruption, and complete regulatory traceability across systems. Xoriant acted as a trusted System Integration partner, delivering a centralized, audit-ready Euro conversion program engineered for scale, transparency, and regulatory oversight.
Challenges
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Strict accuracy and rounding requirements to eliminate financial and compliance risks.
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Dual-currency visibility required during the transition period (BGN + EUR).
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High risk to customer trust if balances or statements were incorrect.
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Enterprise-wide impact across core banking systems and reporting platforms.
Solution Delivered
Xoriant designed and implemented a centralized Euro conversion framework with:
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A single authoritative conversion engine applying official fixed rates consistently enterprise-wide.
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Dual-currency enablement across transactions, statements, and statutory reporting.
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End-to-end automated data conversion ensuring audit trails and regulatory traceability.
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Multiple mock cutovers and dress rehearsals to validate real-world scenarios.
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Customer-ready disclosures and statements to ensure clarity and transparency.
Business Value & Impact
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100% Compliance – Regulatory readiness achieved on Day One.
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Zero Downtime – Continuous operations during enterprise conversion.
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95% Automation – Manual reconciliation effort significantly reduced.
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High Customer Confidence – Minimal increase in service queries during transition.
Technology Stack
Java Spring Boot | PostgreSQL | Redis | Apache Kafka | REST APIs | gRPC | React | Docker | Kubernetes | GitHub Actions | OAuth2 | Keycloak | Prometheus | Grafana
