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Data migration related to loan portfolio purchase

PROJECT DATA

 

2018.06 – 2018.11

SERVICES PROVIDED

 

Loan portfolio data migration services pale icon

Data Migration

METHODOLOGIES USED

 

During the project we utilized MINDSPIRE’s migration methodology including templates, standards and principles related to migration conceptual design, logical and physical mapping, migration specific testing, documentation, reporting, error handling and cutover planning.

Project scope and targets

Bank purchased the loan portfolio of insurance company credit institute and setup project, aiming the integration of the portfolio in the existing IT architecture and operation of the bank.

The obtained portfolio consisted of several different type of retail loan contracts including delinquent loans.

In addition to the above, customer, collateral and technical settlement account balance data was part of the automated migration scope as well.

Despite the relatively low volume of the purchased loan portfolio (approximately 4500 contracts), the complexity of the data, challenging deadlines and number of target systems required to set up a carefully planned and highly automated migration process.

Project scope and target icon
Contribution icon

Our main contribution

MINDSPIRE Consulting tasks included the loan portfolio data migration strategy preparation and the participation in the preliminary portfolio analysis.

Logical and physical mapping of the automated transformation process for customer, loan and collateral data.
Extensive testing, error analysis and bug-fixing of migration data.

Supporting cutover planning and execution of the entire live migration process.

Project organization and roles

The migration team was responsible for implementing the automated migration process.
Inovivo (Ness) delegated a PM for leading the migration team, that closely cooperated with the Bank’s project management.
Data upload and testing and end-to-end reconciliation were responsibility of the bank, and delivered mainly by internal resources.
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Toolset icon

Toolset

The tools used during the data migration project: MINDSPIRE DELTA Migration Tool.

More about Delta

Main involvement areas

  • Migration Strategy and Roadmap preparation,
  • Implementation of the transformation process,
  • Post migration support

MINDSPIRE profiles involved

  • PM

  • Migration analysts

  • Technical analysts

  • Development support

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