The document discusses the implementation of the Symbols Project at MCB Limited to replace its in-house banking software MIBS with SunGard's core banking solution AMBIT. Key points: 1) MIBS had drawbacks like manual processes, slow transactions, and risk of redundant data, while AMBIT offered an integrated system across branches. 2) The Symbols Project was initiated in 2003 to select the new system, document existing processes, identify gaps, and test AMBIT's fit. 3) Implementation began in 2005 by customizing AMBIT for the first branch and migrating 104 branches, though change management caused delays. Teams were set up to design implementation plans and provide training

1. Implementation of the Symbols
Project at MCB Limited
Presented By: M.Gohar Iqbal

2. Agenda
O MIBS (In house developed solution)
O AMBIT(SunGard’s Core Banking solution)
O Project Management
O Implementation steps
O Success before and after
O A right decision

3. MIBS
O In house developed software for banking
needs.
O Four modules: MIBS Multi-currency Inter-
banking system
O GLBS General Ledger Banking System,
O RSBS Remittances Banking System &
O LUBCS Utility Billing System.

4. Architecture Of MIBS
Branch Branch
A Key punch Key B
punch
operator operator
Branch Branch
Manager Manager
Dial Up Chief Teller
Chief Teller Connection
Branch Based Branch Based
Servers Servers
Telle Telle
r r

5. Architecture Of MIBS
Branch
Offices
Regional
Offices
Consolidate
Report
Circle Offices

6. Drawbacks of MIBS
O Use of paper based vouchers and manual
sheets.
O No Integration b/w branches of data.
O Aggregation and reconciliation took enormous
time.
O 8-10 steps before closing of branch.
O Slow transactions took days to complete b/w
branches.
O No single view of customer & separate
processes for separate transactions.
O Risk and Redundancy of data due to
vouchers.

7. AMBIT
O SunGard's product as core banking
solution.
O Integrated extended EBS.
O Six modules
O Branch Teller
O Kernel
O General Ledger
O Deposits
O Customer Lending

8. AMBIT
O 4 add on modules
O Funds Transfer
O Domestic Payments
O Knowledge Manager
O Foreign Exchange
O Web enabled especially for customers.
O ATM, Mobile devices enabled services.

9. Symbols Project
Implementation
O Implementation of AMBIT is Symbols
Project.
O A separate Department.
O Project Initiated in 2003.
O Selection of systems.
O Documentation/ mapping of existing
processes (AS-IS, requirement gathering).
O Key Gaps and customizable scope
outline(TO-BE, GAP analysis).

10. Symbols Project
Implementation
O Testing
O 22 MCB employees training in Singapore.
O Services of MCB testing on AMBIT to
evaluate FIT.
O Resulted in some GAPS of
O Profit, Loss and ZAKAT processes
consolidation.
O Remittance’s structure and terminology.
O Requested accommodation for these
GAPS.

11. Symbols Project
Implementation
O In 2005 first branch of MCB was
customized.
O 104 branches moved to AMBIT.
O But Change management got delay.

12. Implementation teams
O Teams made and were set up at
Karachi, Lahore & Islamabad.
O With the help of G.Ms, the team had to
design implementation plans.
O Also in developing, training methodology
& conducting training session.
O Job support and training providing.

13. Migration Methodology
O Standard processes needed.
O Data cleansing(involve CNIC
identification).
O Signature Verification.
O Conversion of MIBS,GLBS & RSBS.
O Role based Security and View rights
authorization.

14. Success
O Change Management was only hurdle.

15. A Right Decision