Migration of Banking Systems During the Merger of Two Financial Institutions
Sense Bank is one of the largest Ukrainian banks.
The bank was founded in 1992. From 2001, it operated under the name JSC "Alfa-Bank" and from 2004 was part of a private international banking holding company with headquarters in Luxembourg. In 2022, a decision was made to abandon the Alfa-Bank brand, the legal name of the bank was changed to JSC "Sense Bank," and a new Sense Bank brand was created.
On July 22, 2023, the Ministry of Finance of Ukraine and the Deposit Guarantee Fund concluded an agreement for the sale and purchase of 100% of JSC "Sense Bank" shares. Sense Bank transferred to state ownership.
Sense Bank holds leading positions in all segments of the banking market, is one of the stable and reliable banks in Ukraine, and is included in the list of systemically important banks of Ukraine, approved by the decision of the National Bank of Ukraine's board in 2023.
CHALLENGE
Due to the decision on the legal merger of Alfa-Bank Ukraine and Ukrsotsbank, it became necessary to ensure technical integration of the IT systems of the two financial institutions. The main challenge was to transfer Ukrsotsbank’s active business to the Alfa-Bank Ukraine platform (now Sense Bank) within a short timeframe and without disrupting the operational activities of the banks.
SOLUTION
CS company acted as the system integrator for the project and provided a comprehensive technical solution that included:
- Migration of data from several Ukrsotsbank systems (FlexCube, SAP, “Profix”) to the unified B2 core banking system used by Alfa-Bank. This allowed for the unification of banking operations and ensured continuity of customer service.
- Development and implementation of a step-by-step migration plan that enabled the transition during January-June 2019 without interruption to critical banking services and with minimal impact on customers of both banks.
- Technical support at all stages of the project to ensure correct data transfer and system configuration according to the requirements of the merged bank.
RESULTS
- Успішне технічне об’єднання IT-систем двох великих банків, що створило технологічну базу для юридичного злиття фінустанов 15 жовтня 2019 року.
- Створення єдиної IT-інфраструктури на базі АБС Б2, що дозволило оптимізувати операційні процеси та зменшити витрати на підтримку IT-систем об’єднаного банку.
- Забезпечення безперервності банківського обслуговування під час міграції для клієнтів обох банків, загальні активи яких на момент об’єднання складали понад 111 млрд грн.
