OTP Bank Ukraine Migrated to a Single CBS – CBS B2
OTP Bank is one of the largest Ukrainian banks with 100% foreign capital, a recognized leader in the country's financial sector, and a member of a European financial group operating in 12 countries.
It has been operating in the Ukrainian market for over 25 years. According to recognition from several leading publications, it regularly ranks among the three most stable banking institutions in Ukraine and has the highest long-term credit rating on the National Rating Scale from the Credit-Rating agency.
CHALLENGE
CBS B2 had to combine the functionality of three CBS systems previously used by the bank: B2Reporting (B2 as a reporting system), B2Credit (B2 as a credit system), and Oracle FLEXCUBE.
The following tasks needed to be completed:
- Aggregation of historical balances from all three CBS systems
- Migration of subsystems “General Ledger,” “Deposits,” “Current Accounts,” “AIC,” and others
The transition to a single CBS required integration tasks with other bank systems:
- The iFOBS online banking system for individuals and legal entities
- The bank’s front-office system (using services implemented in JetB2Middleware)
It was also necessary to implement switching the corporate data warehouse CS::BM from three CBS systems to a single core system CBS B2.
SOLUTION
Pavlo Fedorenko, Project Manager, CS company
CBS migration in a large systemic bank is always a complex task. Success directly depended on the coordinated work of two professional teams – OTP Bank Ukraine and CS company. It was thanks to this that we managed to implement the migration project within the established timeframe and budget.
RESULTS
CS company successfully and on time completed a key stage of the IT landscape restructuring project for OTP Bank Ukraine – the complete transition of the bank’s operations to a single CBS – B2.
The transition of OTP Bank Ukraine to a single CBS – CBS B2 – from the start of analytics to implementation in the production environment took 15 months. At the same time, the migration was carried out only during two weekends. CBS B2 combined the functionality of three CBS systems previously used by the bank: B2Reporting, B2Credit, and Oracle FLEXCUBE. All related tasks were also completed.
Olena Stuzhuk, Project Manager, Head of CBS and Payment Systems Development Department, OTP Bank Ukraine
This project was a challenge for us. And now we can say that the project was truly successful thanks to the coordinated work of the bank’s teams and CS company. The complexity of the project also lay in the fact that it practically affected all the bank’s processes, as well as projects that were being carried out simultaneously – this is a change in the bank’s front-office system (in-house development) and DWH (integrator – CS company).
One of the main criteria for the project’s success was that the bank’s clients and partners did not notice the migration to the new core system, and all the bank’s processes took place in normal mode.
The advantages that the bank received immediately after migrating to a single CBS:
- Simplification of the IT landscape and, as a result, reduction in system maintenance costs
- Reduction in the time required to close the bank’s operational day
- Optimization of banking processes
Now it can be confidently said that OTP Bank Ukraine can meet any business challenges, having a reliable platform – CBS B2 from CS company.
