CASE STUDY
Transforming Outward Clearing Process: ZetaRP’s Innovative Solution in Finastra Core Banking System for a Financial Institution
ZetaRP collaborated with a bank to pioneer a user-centric approach using user exits that streamlines data entry, saves time, and reduces errors.
Client Overview
The client is a financial institution that makes use of the Finastra Core Banking System, known for its menu-driven transactions and command-based interface. The bank turned to ZetaRP looking for a comprehensive solution for addressing key challenges and bringing about a paradigm shift in the institution’s transaction execution.
Challenges Faced
- Vulnerabilities in manual data entry
- Time-related inefficiencies due to external reference checks
- Increased risk of errors with potential repercussions for data accuracy and customer satisfaction
Solutions Implemented
ZetaRP proposed and executed a transformative journey by implementing user exits, static tables, and Look-up screens to address these challenges by following means:
- Complete analysis of the existing AOP process.
- Collaborative engagements with stakeholders for Requirement gathering.
- Designing and developing bespoke user exits tailored to the AOP menu for automated transaction process.
- Establishment of static tables and validation rules for data management for centralising information.
- Development of Look-up screens for user-friendly interactions.
- Rigorous testing, quality assurance, and controlled pilot implementation before full-scale rollout.
Results Obtained
The successful implementation of this solution by ZetaRP has positioned the bank for success in a highly competitive landscape through:
- Efficiency gains, faster and error-free transactions.
- Adaptability and scalability for future enhancements within the Finastra Core Banking System and regulatory compliance.
- Time and resource savings.
- Positive customer impact.
