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


LevadaConsulting

§  providedBusinessandITConsultingfortheFinancialIndustrysince2002

§  isaBoutiqueConsultingFirmfocusingonT24CoreBankingImplementations

§  playedavitalrolein6successfulT24implementationsinNorthAmericaandBermuda

§  isnotaffiliatedwithTemenosoritsintegrationpartners

§  providesseniorexpertswithyearsofbusiness,technologyandT24projectexperience

§  partnerswiththeclienttoachieveafastimplementationwithoutunduecompromises

§  Createsaddedvaluethroughexpertise,toolsandframeworks

WhoWeAre


§  BankJuliusBaer,JuliusBaerSecurities–WealthManagementandBrokerage

§  BankofChinaNewYorkBranch–CommercialandRetailBanking

§  UnitedNationsFederalCreditUnion–CreditUnion

§  CreditSuisseNewYork–WealthManagement

§  EverBankGlobalMarkets–GlobalMarkets

§  BermudaCommercialBank–CommercialBanking

SuccessfulT24Conversions


T24Expertise

§  Clientsalwaysentrustedustoworkonthetopconcernsandissues

§  WewillproactivelydefineactionablesolutionstowardsGoLive

§  WeworkcloselywithallbusinessandITdepartmentstosupportallorganizational,businessandITaspectsoftheCoreBankingtransformationinitiative

ReconciliationStrategy,

ImplementationandSupport

ProjectManagementRiskRegister

T24SystemIntegration

TestLead(Unit,SITandUAT)

Resolutionofissues

DataMigration

StrategyandExecution

AccountingGuidance

andSupport

ConversionPlansandRunBook

PostGoLiveSupport

ReportingStrategyandExecution


Migrationisaniterativeprocess

ExtractandloadsourcedataintoMigrationRepository

Generateandvalidateloadfiles,adjustmentsanddelivery

LoadfilesintoT24andresolveexceptions

ExtractT24Dataandreconcile

Pre-COBReconciliation(Static,Account,Contract,Financial)

AuthorizeandRunMigrationCOBandInterfaces

Post-COBReconciliationwithfocusonTrialBalance,Accounts,ContractsandFinancials

FinalAssessmentandSignoff

ManualTransactionsandTestCOB(optional)

1

2

3

4

5

6

7

8

9


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


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


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



KeyAspectsandExpertise§  GenerationofCustomerNotificationsPre-andPost-Conversion

§  SummarytemplatesforGoLiveReconciliationstoenablefastdecisionmakingonGoLive

§  WorkwithclientsandvendorstoestablishtheoverallConversionRunbook

§  ImpactanalysisandPrioritizationofissues

§  GoLive:FallbackPlandefinitionandpreparations

§  IntegrationofmanualactivitiesintotheMigrationStream,e.g.CurrencySetup,contractswithlowvolumeandhighcomplexity,informationsourcedfromspreadsheets



ToolsandTemplates§  jbParserSoftwareforT24extractsandconversionfrommulti-valueto

relationaldata(workswithanyT24Databasesetup)

§  SQLComponentsfordataloading,dataandfileversioning,validationandreconciliationreporting,multi-valuedatacreation,T24formatandcontentcompliancerules,filecreationforuploadintoT24

§  StandardvalidationandreconciliationreportsusingReportingServices

§  DataMigrationandReconciliationStrategies,MockandGoLivereadinesstracker,Reconciliationdocumentation

§  EnhancedDMTTemplates



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


LevadahasimplementedaT24centricDataWarehouseandDataMartsolutionsforseveralclientsaspartoftheT24conversionproject.Thedecisionbyclientstobuildandusetheplatformwaslargelydrivenbythefollowingfactors:

§  T24providesmostlyAS-ISreportingfortransactionalreporting.Themulti-valuedatarepresentationinT24lendsitselfforreportingthatistargetingoneoralimitedamountoftablesandisrelatedtooneorseveralCustomers,Accounts,Contractsorrelatedtransactions.

§  T24out-of-the-boxreportingislimitedandconstrainedbytheuseofAS-ISdata.Modificationsofcannedreportsaretimeconsuming.

§  WhileINSIGHTandINSIGHTRISKprovidespecificreporting,theamountofhistoryandthescopeoftheextracteddataislimited;Integrationintoacompany-wideDataWarehouseorintegrationofotherdatasources/systemsmaybedifficulttoachieve

ReportingandInterfaces


ClientshaveoptedtobuildandusetheLevadaReportingframeworkthatprovides

§  conversionofmulti-valuedataintorelationaldata

§  AS-WASreportingwithdrill-downcapabilities,especiallyforAccountingandCompliance

§  Abilityforclientstafftocreateandmodifyreportseasilyandquickly

§  Creationofexceptionanddataqualityreporting

§  Creationofdatafeedstoothersystems

§  Reportingforauditorsandexternalregulators

§  Runandownedbytheclientafterconversion



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–SampleArchitecture


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


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


LessonsLearned

§  Runningdailybusinessandprojecttestingrequirestimeanddiscipline

§  Strongtestmanagementrequiredforcoordination,organizationandplanning

§  SupportofTemenosorIntegrationPartnerSMEsessential

§  Dedicatetimetobuildtestcasesupfront

§  Don’ttrytotestitall:prioritizeandfocusonkeyareas,e.g.GAPs,settlements,SWIFT,FT,customerimpact,onlineimpact,highvolumeproducts

§  Involveasmanyusersaspossibleearlyontoeasetheburdenforpowerusersandgetdiversefeedback

§  Donotstartsystemtestingtooearly.AstableT24Buildisrequired

§  EstablishstrongenvironmentandchangemanagementcontrolsforUAT

THEREISNEVERENOUGHTIME

T24TestPhases


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-

levada consulng - levadany.comlevadany.com/docs/levada_t24_practice_2016.pdf · t24 practice ©...

Documents