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Transcript of Levada Consulng - levadany.comlevadany.com/docs/Levada_T24_Practice_2016.pdf · T24 Practice ©...
LevadaConsul-ng
T24PracticeProfessionalServicesSummary
©2016LevadaConsul2ngT24Practice
Content
§ Whoweare
§ OurT24Expertise
§ DataMigration,Reconciliation,Conversion
§ FinanceandAccounting
§ ReportingandInterfaces
§ T24Testing
§ ContactUs
©2016LevadaConsul2ngT24Practice
LevadaConsulting
§ providedBusinessandITConsultingfortheFinancialIndustrysince2002
§ isaBoutiqueConsultingFirmfocusingonT24CoreBankingImplementations
§ playedavitalrolein6successfulT24implementationsinNorthAmericaandBermuda
§ isnotaffiliatedwithTemenosoritsintegrationpartners
§ providesseniorexpertswithyearsofbusiness,technologyandT24projectexperience
§ partnerswiththeclienttoachieveafastimplementationwithoutunduecompromises
§ Createsaddedvaluethroughexpertise,toolsandframeworks
WhoWeAre
©2016LevadaConsul2ngT24Practice
§ BankJuliusBaer,JuliusBaerSecurities–WealthManagementandBrokerage
§ BankofChinaNewYorkBranch–CommercialandRetailBanking
§ UnitedNationsFederalCreditUnion–CreditUnion
§ CreditSuisseNewYork–WealthManagement
§ EverBankGlobalMarkets–GlobalMarkets
§ BermudaCommercialBank–CommercialBanking
SuccessfulT24Conversions
©2016LevadaConsul2ngT24Practice
T24Expertise
§ Clientsalwaysentrustedustoworkonthetopconcernsandissues
§ WewillproactivelydefineactionablesolutionstowardsGoLive
§ WeworkcloselywithallbusinessandITdepartmentstosupportallorganizational,businessandITaspectsoftheCoreBankingtransformationinitiative
ReconciliationStrategy,
ImplementationandSupport
ProjectManagementRiskRegister
T24SystemIntegration
TestLead(Unit,SITandUAT)
Resolutionofissues
DataMigration
StrategyandExecution
AccountingGuidance
andSupport
ConversionPlansandRunBook
PostGoLiveSupport
ReportingStrategyandExecution
©2016LevadaConsul2ngT24Practice
Migrationisaniterativeprocess
ExtractandloadsourcedataintoMigrationRepository
Generateandvalidateloadfiles,adjustmentsanddelivery
LoadfilesintoT24andresolveexceptions
ExtractT24Dataandreconcile
Pre-COBReconciliation(Static,Account,Contract,Financial)
AuthorizeandRunMigrationCOBandInterfaces
Post-COBReconciliationwithfocusonTrialBalance,Accounts,ContractsandFinancials
FinalAssessmentandSignoff
ManualTransactionsandTestCOB(optional)
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©2016LevadaConsul2ngT24Practice
Migration,ReconciliationandConversion
Platforms: SQL Server Repository, Reporting Services Reports
Levada Conversion FrameworkLevada Conversion FrameworkSOURCE MIGRATION REPOSITORY UPLOAD / REPORTING
LEVDM SERVER
RECONDB
Execute ETL Jobs
Extract
Source SystemsData Sources
RECONDB
Reporting Services
Reporting ServiceConnects to Database Sources
Validation and Reconciliation ReportsCustomer Notifications
Interface Extracts
T24AIX Server
Processing System A
Processing System B
General Ledger
Other Sources
Execute ETL Jobs
STAGEDB
STAGEDB
UploadFiles
UploadReview Exceptions
Run Migration COBs
StaticPre-COBPost-COBExtracts
©2016LevadaConsul2ngT24Practice
KeyAspectsandExpertise§ T24requirementsintermsoffieldformats,multi-valueuploaddata,swift
compliancerules,daterestrictions,referentialintegrity,LocalReferenceFields(LRF)andAAuploadstrategies
§ Templatesforbusinessrules,transformations,MockConversions,GoLive
§ Creationandtestingofuploadfilesequences
§ SetupandvalidationoftheConversionCOB
§ DataandIssueAnalysis,DataCleanup,CustomerDataPreparations
§ VersioningforUploadFilesandConversionAuditTrail
§ MockConversionPlanningandExecution
DataMigration,ReconciliationandConversion
BuildPhaseUnitTest
MockIGetitright
MockIIGetitrightandfaster
DressRehearsalReal-timePostUAT
GoLiveConversion
©2016LevadaConsul2ngT24Practice
KeyAspectsandExpertise§ RepositoryapproachwillsupportTestingStreamsandParallelRun
§ ExtractInterfaceandautomatedreportstoallowstafftofocusonissueanalysisandresolutionunderthetimeconstraintsoftheactualconversion
§ T24systemsetupandpreparationforconversion
§ Templatesfordocumentationandreadinessevaluationthatwereapprovedbyallauditorsandregulators
§ TrialBalanceMappingsandreconciliation
§ Uploaddataandreconciliationforstaticdata,Customer,Nostro,Agencies,InternalAccounts,AML,FATCA,Sub-Ledger/Ledger,AA,AC,FX,MM,SC,DX,TAX,FT,TT,AZ,LD,PD,MG,LC,LIMIT,SK
§ InterfacereconciliationbetweenT24andSatelliteSystems,e.g.IDOM,WallstreetSystems,GreatPlains,OracleFinancial,FICS,FDR,PRIME,NETteller,S1,Convey,ACCPAC,FIS
DataMigration,ReconciliationandConversion
©2016LevadaConsul2ngT24Practice
KeyAspectsandExpertise§ GenerationofCustomerNotificationsPre-andPost-Conversion
§ SummarytemplatesforGoLiveReconciliationstoenablefastdecisionmakingonGoLive
§ WorkwithclientsandvendorstoestablishtheoverallConversionRunbook
§ ImpactanalysisandPrioritizationofissues
§ GoLive:FallbackPlandefinitionandpreparations
§ IntegrationofmanualactivitiesintotheMigrationStream,e.g.CurrencySetup,contractswithlowvolumeandhighcomplexity,informationsourcedfromspreadsheets
DataMigration,ReconciliationandConversion
©2016LevadaConsul2ngT24Practice
ToolsandTemplates§ jbParserSoftwareforT24extractsandconversionfrommulti-valueto
relationaldata(workswithanyT24Databasesetup)
§ SQLComponentsfordataloading,dataandfileversioning,validationandreconciliationreporting,multi-valuedatacreation,T24formatandcontentcompliancerules,filecreationforuploadintoT24
§ StandardvalidationandreconciliationreportsusingReportingServices
§ DataMigrationandReconciliationStrategies,MockandGoLivereadinesstracker,Reconciliationdocumentation
§ EnhancedDMTTemplates
DataMigration,ReconciliationandConversion
©2016LevadaConsul2ngT24Practice
KeyAspectsandExpertise§ AnalysisoftheBalanceSheetandP&Lintermsofmigrationand
reconciliation
§ TrialBalanceMappingandReportingtosupportmulti-companyandmulti-currencyforreconciliationofAssets,Liabilities,ProfitandLoss
§ TakeonAccountdefinition,setup,migrationandreconciliation
§ In-depthexpertiseonT24BookingLogicandProcesses
§ ConversionAdjustmentsandspecificrequirements:manualandautomatedadjustmentrules,definitions,creationandvalidation,e.g.1DayInterestLagonAccountsandCDs,changesinInterestAccrualMethods,FloatingInterestRateStructures,ContractmodificationstosupportEODandStartofDaydifferences,ValueDaterulestomatchaccruals,P&Ladjustments,handlingofunsettledactivitiesonLegacysystems
FinanceandAccounting
©2016LevadaConsul2ngT24Practice
LevadahasimplementedaT24centricDataWarehouseandDataMartsolutionsforseveralclientsaspartoftheT24conversionproject.Thedecisionbyclientstobuildandusetheplatformwaslargelydrivenbythefollowingfactors:
§ T24providesmostlyAS-ISreportingfortransactionalreporting.Themulti-valuedatarepresentationinT24lendsitselfforreportingthatistargetingoneoralimitedamountoftablesandisrelatedtooneorseveralCustomers,Accounts,Contractsorrelatedtransactions.
§ T24out-of-the-boxreportingislimitedandconstrainedbytheuseofAS-ISdata.Modificationsofcannedreportsaretimeconsuming.
§ WhileINSIGHTandINSIGHTRISKprovidespecificreporting,theamountofhistoryandthescopeoftheextracteddataislimited;Integrationintoacompany-wideDataWarehouseorintegrationofotherdatasources/systemsmaybedifficulttoachieve
ReportingandInterfaces
©2016LevadaConsul2ngT24Practice
ClientshaveoptedtobuildandusetheLevadaReportingframeworkthatprovides
§ conversionofmulti-valuedataintorelationaldata
§ AS-WASreportingwithdrill-downcapabilities,especiallyforAccountingandCompliance
§ Abilityforclientstafftocreateandmodifyreportseasilyandquickly
§ Creationofexceptionanddataqualityreporting
§ Creationofdatafeedstoothersystems
§ Reportingforauditorsandexternalregulators
§ Runandownedbytheclientafterconversion
ReportingandInterfaces
©2016LevadaConsul2ngT24Practice
LevadahasimplementedtheDataWarehouseframeworkforthefollowingclients:
§ DataMartandReportingPortalforEverBankGlobalMarkets:1.6TBDataMartwithmorethan4yearsofhistoricaldataprovidingallbusinessdepartments,auditors,regulators,otherentitiesofthebankwithhundredsofreportsanddatafeeds;interfacetofeedQlikviewforBIreporting
§ DataWarehouseandReportingPortalatUNFCU:consolidationofmorethan10sourcesystems,AMLinterfaceandComplianceReporting;oneCustomerview,Accountinginterfacereconciliationandmonth-endreporting;taxreconciliation,mortgages,creditcardsandloanreportingwithmorethan200daily,monthlyandquarterlyreports
§ DataMartandReportingPortalforBankJuliusBaer:1.5TBDataWarehousethatprovidedreportingforregulators,AuMandNNM,OperationalRisk,Taxreconciliationandstatements,AIMRcalculations,UnrealizedGain/Lossstatements
§ “90Day”DataMartforBankofChinaforCorrespondentBankStatements
ReportingandInterfaces
©2016LevadaConsul2ngT24Practice
ReportingandInterfaces–SampleArchitecture
©2016LevadaConsul2ngT24Practice
T24TestPhases
Testing Phase Characteristics
UnitTesting Focusonspecificfunctionality,screens,versions,SARs,reports,navigation,customdevelopments(GAPs)
SystemIntegrationTesting(SIT)
End-to-endtestingofbusinessprocessesandinterfacetesting
StressTesting Performancetestingwithhighvolumesoftransactionsand/orusers
UserAcceptanceTesting(UAT)
Finalacceptancetestingofallfunctionalities,processesandinterfacesbytheactualendusers
ParallelRuns CreationofafullymigratedsystemandparallelprocessingofthedailyproductionactivityonT24;validationandreconciliationofresults
FocusTesting Entirelifecycletestingonaloadedsystemwithspecificmanualtestcases,e.g.forspecificproductsorregressiontestingofcriticalpatches
©2016LevadaConsul2ngT24Practice
LevadaExpertise
§ Businessworkflowdefinitionanddocumentationoffutureworkflowsessential
§ Testpreparation,coordinationandexecutionofalltestphases,e.g.UATwithmorethan100usersinthreebranches;severalparallelruns;stresstesting
§ Defectmanagement,resolutionandchangemanagement
§ Liaisonwithexternalregulatorsandinternalauditors
§ UsageofMercuryTestDirector,JIRA,SharepointorSpreadsheets
§ Focustestpreparationandexecution
§ Testingofspecificfunctionalareas,e.g.Wires,InternetBanking,SecuritiesandSafekeeping,Interfaces
§ Membersoftaskforceforissueresolution
§ Testprogresstrackingandreporting
T24TestPhases
©2016LevadaConsul2ngT24Practice
LessonsLearned
§ Runningdailybusinessandprojecttestingrequirestimeanddiscipline
§ Strongtestmanagementrequiredforcoordination,organizationandplanning
§ SupportofTemenosorIntegrationPartnerSMEsessential
§ Dedicatetimetobuildtestcasesupfront
§ Don’ttrytotestitall:prioritizeandfocusonkeyareas,e.g.GAPs,settlements,SWIFT,FT,customerimpact,onlineimpact,highvolumeproducts
§ Involveasmanyusersaspossibleearlyontoeasetheburdenforpowerusersandgetdiversefeedback
§ Donotstartsystemtestingtooearly.AstableT24Buildisrequired
§ EstablishstrongenvironmentandchangemanagementcontrolsforUAT
THEREISNEVERENOUGHTIME
T24TestPhases
©2016LevadaConsul2ngT24Practice
ContactUs
Levada Consulting
520 White Plains Road, Suite 500 Tarrytown, NY 10591
Phone: + 1 . 914 . 524 . 8515 Fax: + 1 . 914 . 206 . 4254
www.levadany.com
Michael Holzmann
[email protected] + 1 . 917 . 533 . 5216
Etni Alvis
[email protected] + 1 . 917 . 916 . 5904
-Referenceswillbefurnisheduponrequest-