Departments : Marketing : Latest News Page 1 of 2
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Departments : Marketing : Latest News Actions
Core Banking Team conducts a successful Final data migration drill
26rd June 2008: With Core Banking – Flexcube launch just a fortnight away, the final migration /
cutover drill was successfully carried out last weekend between Thurs 19th– Sat 21st June 2008.
The migration activity is led by Shabbir Husen (business lead), Abedin Dalal & M. Asad (IT lead)
and is duly supported by all team leads and Core team. So far the Core team has performed 16
migrations since the start of project and migration team has continuously improved the process
and end to end completion time of the full activity. The migration process involved extracting data
from Tandem and various other sources being maintained today and uploading this to the new
core banking system, Flexcube. IT team has put in excellent efforts and developed various
utilities & reports to facilitate this migration process to make it easier for the business team to
and review & verify data. The entire process of migration takes 24 hours end to end and it
involves migration of 950,000 customer profiles, 850,000 accounts, and 120,000 asset contracts.
Various check points have been established to perform financial & static checking at different
stages of migration using automated tools as well as manual checking done by the core team &
line management of different areas. The key milestone of the migration activity is the checking &
confirmation of trial balance which is done by Finance team (led by Mr. Salman Liaquat & Amir
Zaveri) being the most critical stakeholder in migration.
Final stage of migration involves review & approval by various key stakeholders from business &
operations team & Project working group (PWG) of the project.
Salman Liaquat, SVP Finance, emphasized the criticality of migration and said, “This is the most
crucial and sensitive stage of project especially securing the financial data integrity. Finance team
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Departments : Marketing : Latest News Page 2 of 2
has been closely involved with the core project team during migration strategy formulation and
review of all mock runs results. We have a good comfort level after review of last few mock
results.”
Furthermore, Core banking team was invited to present launch plans, key activities, at the
Corporate Banking Offsite held on 21st June 2008. M. Ibrahim Iqbal, Head of Project gave a
presentation to Corporate Banking team covering overall project road map, status of project, key
features of Flexcube and Go Live plans.
Naveed Ali, Chief of Corporate (& member of Core Banking Steering) appreciated the effort put in
by Faraz Malik, Kamaluddin Jaber in particular and the Core team in general during last 20
months and wished Core Team the best of luck for the launch.
file://D:\\Photos\\DIB\\Departments Marketing Latest News.htm 5/13/2009