Client under NDA
Seamless Core Banking Transformation
Processing time –40%
Challenge
The bank was running an outdated Oracle FLEXCUBE 12.3 environment with performance bottlenecks, under regulatory pressure from PSD2, Basel III, and IFRS 9. It needed API-driven integration with fintech partners and digital channels — and any migration of these mission-critical operations had to happen with zero downtime.
The Varnix Solution
Months 1–2
comprehensive environment assessment and migration roadmap, led by a dedicated project team.
Months 3–4
parallel infrastructure design, FLEXCUBE 14.5 sandbox configuration, data cleansing, and automation script development.
Months 5–6
incremental data migration with real-time synchronization, zero-downtime deployment, full validation, and UAT.
Months 7–8
API gateway implementation, digital banking integration, and security controls for PSD2 compliance.
Month 9
production switchover with 24/7 hypercare support and full knowledge transfer.
Months 1–2
comprehensive environment assessment and migration roadmap, led by a dedicated project team.
Months 3–4
parallel infrastructure design, FLEXCUBE 14.5 sandbox configuration, data cleansing, and automation script development.
Months 5–6
incremental data migration with real-time synchronization, zero-downtime deployment, full validation, and UAT.
Months 7–8
API gateway implementation, digital banking integration, and security controls for PSD2 compliance.
Month 9
production switchover with 24/7 hypercare support and full knowledge transfer.
Results
- Transaction processing times reduced by 40%.
- Supported 2x higher transaction volumes through enhanced scalability.
- Achieved regulatory compliance with PSD2, Basel III, and IFRS 9.
- Enabled seamless digital banking services via open APIs.
- Zero downtime maintained throughout the entire migration.