data transformation

An award winning regulatory bank of UAE was looking to achieve data maturity, where processes across the bank had a single source of truth. After an extensive discussion, Profinch was chosen to be their strategic partner.

CHALLENGE ON HAND

A solution that can deliver 80+ NPAs, Operational Risks, Loan Loss, Income reports | A solution that could deliver RegOps through composable architecture, directly addressing bank’s strategic objective of enabling agility between the regulator and entity | Process governance between stakeholders through custom built business rules, frameworks and data automation | Low code environment contributing to faster turnaround of requests | Integration across 30+ siloed systems to weed out data inconsistencies | Access to atomic level of data delivering 100% data traceability | Zero trust security systems to eliminate security risks
 
 

PROJECT SCOPE

The scope of the project was finalised as below:
Handouts for Finance, Operation and Management
Business function modules like CASA, Accounts, Core etc and Source systems like FLEXCUBE, CBS and Calypso was dealt with
 

HIGHLIGHTS

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data transformation
Project completion in 6 months
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data transformation
80+ reports delivered as per bank’s requirements
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data transformation
1 single data hub for extracts and handoffs
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data transformation
FinCluez also enabled Historic data handling, Live data, Prompts and Drills

CONCLUSION

Effectively leveraging the data assets drove robust business decisions, met compliance needs and became that one thing that set the bank apart from the rest in its pack. The client continues to engage with Profinch team on their extensive experience of technological enablement of banks the world over and is keen on partnering with Profinch on newer projects.