CASE STUDY
Converting Historical Data to a Periodic Transaction Statement
Breathing new life into UK bank’s legacy data through ZetaRP’s strategic approach to the creation of periodic transaction statements.
Client Overview
The leading bank in the UK serves a diverse clientele, ranging from individual account holders to corporate entities, known for exceptional customer service and a compelling reputation. The bank struggled to overcome the limitations of its legacy Finastra Equation core banking system and embrace digital advancements. Hence, it sought ZetaRP’s assistance to revolutionise its banking operations and get past these challenges.
Challenges Faced
- Technical Limitations: The legacy Finastra Equation CBS struggled to adapt to digital advancement.
- Data Fragmentation: Hindered efficient consolidation and analysis, limiting the delivery of real-time insights to customers.
- Lack of Scalability: Inhibits its capacity to swiftly adapt to market trends and regulatory changes.
- Integration Issues: Restricts the seamless incorporation of advanced financial services.
Solutions Implemented
- Customised program development and deployment within the legacy AS400 server to modernize the transaction processing approach.
- A more systematic and thorough data-gathering process.
- In-House Table Creation in AS400 and Data Processing in SQL.
- PDF statement generation for each account and organised storage in a shared Windows folder.
Results Obtained
- Operational efficiency
- Streamlined transaction process
- Reduced manual intervention
- Optimised resource utilization
- Heightened accuracy
- Cost Savings
- Improved customer experience
- Enhanced transparency
- Transition to SQL
