Implementation of the Symbols Project at MCB

Limited

Presented By: M.Gohar Iqbal

AgendaO MIBS (In house developed solution)O AMBIT(SunGard’s Core Banking

solution)O Project ManagementO Implementation stepsO Success before and afterO A right decision

MIBSO In house developed software for

banking needs.O Four modules: MIBS Multi-currency

Inter-banking systemO GLBS General Ledger Banking

System,O RSBS Remittances Banking System &O LUBCS Utility Billing System.

Architecture Of MIBS

Key punch operator

Key punch operator

Branch Manager

Chief Teller

Teller

Teller

Chief Teller

Branch Manager

Dial Up Connection

Branch Based Servers

Branch Based Servers

Branch A

Branch B

Architecture Of MIBSBranch Offices

Regional Offices

Circle Offices

Consolidate Report

Drawbacks of MIBSO 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.

AMBITO SunGard's product as core banking

solution.O Integrated extended EBS.O Six modules

O Branch TellerO KernelO General LedgerO DepositsO Customer Lending

AMBITO 4 add on modules

O Funds TransferO Domestic PaymentsO Knowledge ManagerO Foreign Exchange

O Web enabled especially for customers.

O ATM, Mobile devices enabled services.

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).

O TestingO 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.

Symbols Project Implementation

O In 2005 first branch of MCB was customized.

O 104 branches moved to AMBIT.O But Change management got delay.

Symbols Project Implementation

Implementation teamsO 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.

Migration MethodologyO 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.

Success

O Change Management was only hurdle.

A Right Decision