CBS System Migration

About the Client & their Business Need

Our client is a leading private commercial bank focused on Small and Medium Enterprises (SMEs) in Bangladesh. The largest global non-government organization is one of the parent companies of this bank, apart from International Finance Corporation, the private sector arm of The World Bank. The bank accumulates funds from urban deposits and disburses them to rural banks with the objective of uplifting SMEs. In 2013, the client decided to migrate to the Finacle Core Banking Solution (CBS).

Vertical
BFSI

Practice
Banking

Our Solutions & Approach

We approached the client’s business challenges by embarking on a version migration program of their current CBS with Infosys. This activity included studying the deployment of the Finacle Core application version 7.0.13 in the current state and designing a process to upgrade the application version to Finacle Core 7.0.25. It also involved upgrading the platform for their core banking suite of applications. As part of this upgrade, Inspirisys migrated all systems from Oracle 9.2.0.6 on IBM AIX 6.1 to support AIX 6.1. They also upgraded the database from Oracle 9i to Oracle 11g. This included other environmental software upgrades such as APACHE 2.0.53, RESIN PRO 3.1.9, IE 8, IE 9, JDK 1.5 and JRE 1.6.0_23/24. The objective of this upgrade was to improve their performance using Oracle RAC. Inspirisys ensured FCR/FCC systems were compatible with IE8 and Direct Banking channels were compatible with multiple browsers such as IE8, Google Chrome 16.0.912.63, and Safari 5.3.1.

Benefits

37% Average Reduction in Effort to Roll Out Products
9% Improvement in Cross-Selling
35% Average Reduction In Transaction Cost Across Channels
21% Average Improvement in Time to Serve Customers
12% Average Reduction in the time taken for process change
Improved availability with 99% uptime

37% Average

Reduction in Effort to Roll Out Products

9% Improvement

in Cross-Selling

21% Average

Improvement in Time to Serve Customers

Why Inspirisys is the Best Core Banking Solution Provider?

Inspirisys Solutions has a proven track record of 1000+ man-years in the Banking and Financial Services domain. We offer Core Banking Solutions (CBS) through a global delivery model, predominantly in the Asia-Pacific, Middle East, and Africa regions.

With 15+ CBS upgrades and 20 successful implementations, our service offering in CBS covers implementation, customization, upgradation, testing, and training services.