One of the most vital - and delicate - tasks undertaken in a new system implementation is the migration of data from a bank's legacy system(s) to the new core banking system. Keeping accurate data, from customer account information to granular transaction details, is the lifeblood of the banking business.
Nearly all projects involve data extraction, loading and validation phases, but the workload involved in migrating data is often underestimated. Project teams often rely on a mix of manual practices and automated tools when migrating data, which can result in labor-intensive projects. Poor data migration / integration and a lack of referential integrity in data are common factors in failed or delayed enterprise banking projects.
SOFGEN Migration Manager is an "intelligent" migration utility operating at the TEMENOS T24 API/OFS level and is fully compliant with R8 & R9, including the AA module. By enforcing the referential integrity of uploaded data across modules, it greatly reduces implementation risk, particularly at "Go Live".