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Modernization of a Critical Core Banking

Modernization of a Critical Core Banking Reporting and Analytics Platform for A Regional Bank

Overview

Modernization of a Critical Core Banking Reporting and Analytics Platform for A Regional Bank

In order to streamline day-to-day ad operations, a digital media company was looking to modernize an outdated, critical core banking legacy application and optimize its data sources. The application was a financial reporting platform that took data from multiple core banking operational systems and generated reports for various stakeholders within the organization. To make this system more reliable and efficient, the client brought in KOMHAR to build an upgrade to this valuable business tool.

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Requirements

Our solution

The primary challenge was creating a parallel version of the current system without affecting day-to-day operations. However, because the reporting platform was self-documented, there were no technical requirements or specifications in place.
Komhar's mission was to guide the analysis phase that would lead to the updated application build. This involved determining which parts of the software were relevant to current business goals and untangling existing architecture and business logic. After the initial analysis phase, the execution plan involved: · Stabilizing current infrastructure. · Standardizing coding and development for internal teams · Upgrading database server , data structures, data lineage, mapping to new data model from old data model · Splitting platform into different modules to run independently

Results:

The new, modularized version of the application solved an intractable problem tied to a critical ad revenue process.
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