Core Banking Transformation projects are considered among the most challenging projects a bank can take during its lifespan. This is due to the complexity of the banking industry and the business offering banks offer to their customers, retail and corporate, which makes the Software solutions that cover Core Banking functionality very complex. Adding to this, transforming banks that have been in the market adds to the challenge of such projects, the challenge of data migration. Data Migration involve migrating the data from the old system’s database to the new system’s database taking into consideration the localization aspects and the new business features the new technology offers. This must be done accurately and in the shortest time possible.
We, in Prema Consulting, pride ourselves in mastering this by creating the necessary tools and processes that allow us to do Data Migration in an automated method with the slightest human intervention. This leads to a very short cycle of data migration guaranteeing the accuracy of the migrated output.