Core Banking Transformation and Upgrade Services
Ever-changing customer needs, increasing competition, regulatory enforcements, and complex business environments pose a great challenge to financial institutions world over. The pace of change in technology as well as the paradigm shift in the way customers relate to banking has changed the face of banking like never before. To overcome these challenges, financial institutions have been embarking on the following to stay relevant in the marketplace:
- Transforming their existing legacy systems into newer platforms and core banking solutions.
- Upgrading their existing core banking systems to the latest versions provided by the solution provider.
Transforming and upgrading a core system is utmost challenging, wrought by a plethora of pitfalls, and commands tremendous interplay across multiple service providers and organisation levels purely on account of the lines of business it influences.
Maveric’s core transformation and upgrade services help financial institutions to ensure success of their transformation/upgrade programs by taking care of end-to-end quality assurance initiatives. Our end-to-end transformation assurance services are designed to help you derive maximum benefits from your core transformation program and get it right the first time.
Our services embed deep domain knowledge, application-specific expertise, hands-on risk management experience (acquired through delivering multiple transformation programs) and unique accelerators and productivity tools. Our services are delivered through a hybrid onsite-offshore model, depending on the location of the customer, the solution provider and other stakeholders.
We have supported a large number of banks in their transformation programs involving implementation and upgrade of core business systems, CRM systems, payment systems, billing systems and other sub-systems.
Our services are backed by the following:
- Experience in handling over 50 core transformation assurance engagements till date.
- Expertise across a wide range of core banking solutions including Temenos T24, Finacle, FLEXCUBE etc.
- Over 100,000+ person days’ banking transformation and upgrade experience.
- Core banking product-specific platforms, frameworks, and test repositories that accelerate assurance initiatives and achieve efficiency.