A leading bank in Mauritius partners with Profinch for FinCluez implementation
Data Transformation
An award winning, leading Mauritian bank was looking to scale their data capabilities. Profinch was onboarded as the strategic partner, to help the bank through the transformation, owing to the in-house team’s extensive understanding of niche and proven expertise in similar projects, across geographies.
Challenge on Hand
The client wanted to transform the banking experience for their customers. They wanted a single source of truth in their data management system and there were multiple vendors pitching with their solutions. The client required robust ETL capabilities and after analysing all the vendor offers, they decided to chose Profinch because of its vast experience of implementation in varied geographies.
Project Scope
The scope of the project was finalised as below:
- Report handouts for Finance, Operation and Management
- IFRS 9, OFSAA, Oracle ERP handoffs from FinCluez
- Implementation and maintenance of FinCluez in the bank’s system
Highlights
The project was successfully completed in the agreed timeline. Integration with multiple core banking systems was crucial to ensure smooth flow of processes and a seamless experience at the back-end as well as for the customer.
- Substantial gain in efficiency achieved through automation, readily available data marts etc.
- 100+ dashboards and reports across retail and corporate banking
Conclusion
Effectively leveraging the data assets drove robust business decisions, met compliance needs and became that one thing that set the bank apart from the rest in its pack. The client continues to engage with Profinch team on their extensive experience of technological enablement of banks the world over and is keen on partnering with Profinch on newer projects.
