Successful Implementation and Integration of New Core Banking System for German Online Subsidiary
A new core banking system is implemented and seamlessly integrated into the operations of the German online subsidiary of an international universal bank.
At A Glance
Finance and tax parameterization and requirements management
IT integration with SAP
Test coordination and support during implementation (using HPQC)
Conception and implementation of organizational and process-related changes
Adaptation of bank-wide reporting
Coordination of onshore and offshore development team for finance and tax
To enhance operational efficiency and support growth, the German online subsidiary of an international universal bank embarked on the implementation of a new core banking system. LKPU was engaged to oversee the implementation process and ensure seamless integration.
- Configured and customized the core banking system to align with the finance and tax requirements of the German online subsidiary.
- Managed the documentation and validation of finance and tax-related requirements, ensuring compliance and smooth integration.
- Ensured seamless integration between the new core banking system and SAP, the bank’s enterprise resource planning system.
- Oversaw data mapping, interfaces, and connectivity between the systems to enable efficient data exchange.
- Coordinated and supported testing activities during the implementation phase, utilizing HP Quality Center (HPQC) for effective test management.
- Ensured proper test coverage, defect management, and resolution for a successful implementation.
- Designed and implemented necessary changes to organizational structures, roles, and processes to align with the new core banking system.
- Supported change management efforts to ensure smooth adoption and utilization of the system.
- Modified and adapted bank-wide reporting processes to accommodate the new core banking system.
- Ensured accurate and timely reporting across the organization, aligned with regulatory requirements and internal needs.
- Managed the coordination and collaboration between onshore and offshore development teams responsible for finance and tax-related aspects of the core banking system.
- Ensured efficient communication, task assignment, and progress tracking for timely delivery.
LKPU effectively managed the implementation and integration of the new core banking system for the German online subsidiary, resulting in a seamlessly integrated and efficient operational framework. Our comprehensive approach included finance and tax parameterization, IT integration with SAP, test coordination, organizational and process-related changes, adaptation of bank-wide reporting, and coordination of onshore and offshore development teams. The successful implementation empowers the German online subsidiary to optimize operations, enhance customer experiences, and drive sustainable growth.