Core Banking legacy : operation anddata exploitation
Enhance the efficiency and agility of your Core Banking legacy system, the complete solution for exploiting and adding value to your banking data.
What are the problems associated with inherited core banking?
When our banking customers manage their customer data with a core banking system, a true business ERP, they ensure the management of day-to-day banking transactions such as account opening, deposits, withdrawals, payments, interest calculations and the recording of all transactions.
However, the banking sector faces constant challenges such as digitization, growing customer demands, strict regulation and high maintenance costs. Some banks are finding it difficult to respond to these changes due to their legacy core banking systems, which are robust but not very agile and technically complex.
What's more, the shortage of skilled talent, particularly in development for these specific languages, makes recruitment difficult.
Faced with these major changes, some banks do not always have the resources to respond, and transformations can take a long time to implement. To deal with this situation, our customer, equipped with a legacy core banking system, decided to innovate, without revolutionizing its practices or changing its core banking.
Support your core banking with Tale of Data
The Tale of Data solution offers a comprehensive approach to exploiting and adding value to legacy Core Banking data. We integrate our solution into our customers' existing systems, using compatible connectors and interfaces, without the need for major modifications or the risk of destabilization. With Tale of Data, our customers can benefit from the following functionalities:
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Regulatory reporting: Our solution automatically generates up-to-date legal and regulatory reports, such as ANACREDIT, by implementing automated data processing. Reports are produced without the need for additional resources, saving time and optimizing processes.
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Business reporting: Tale of Data is also used to provide customized reports for the bank's internal customers, responding to specific business requests. Prior to the integration of Tale of Data, the creation of these reports required the intervention of limited technical resources, resulting in delays and waiting lists. With our solution, long-awaited reports can be delivered quickly and efficiently.
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Report planning and automation: Tale of Data enables the planning and automation of reports, guaranteeing their timely production and reducing the risk of relying on specialized resources. This relieves pressure on technical teams and ensures business continuity.
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Ease of use: The Tale of Data solution is designed to be user-friendly and accessible to all profiles, from CIOs to business users. The creation of processes is simple and intuitive, thanks to a graphical visual interface, ready-to-use functions, artificial intelligence and natural language rules. This ease of use enables our customers to respond quickly and efficiently to operational demands.
We were using SQL queries to produce the ANACREDIT and FICOBA regulatory reports, which took 15 days to load each month. With Tale of Data, we switched to automatic generation of these reports on the date of our choice.
We did the work just once, to create the necessary treatments, and now we capitalize on this work, which is automatically reproducible.
Dominique, Head of Banking Risks
Core Banking and Tale of Data: the benefits
The use of Tale of Data, a global Data Quality solution, has enabled banks to make significant gains:
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Greater reporting agility: Thanks to Tale of Data, banks can rapidly adapt their reporting to regulatory changes without any additional effort.
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Limiting the cost of upgrading core banking systems: By integrating Tale of Data into their information systems, banks avoid the heavy investment involved in upgrading or completely replacing their core banking systems.
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Innovation and processing revolution: Tale of Data offers a secure platform to innovate and revolutionize processing without the risk of destabilizing IT production.
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Improved operational efficiency: By automating reporting tasks and simplifying their management, Tale of Data enables banks to increase efficiency and devote resources to higher value-added activities.
Transform your legacy system into a powerful agile solution with Tale of Data
Use case
Modernize your legacy system and optimize its efficiency, remain agile and exploit the full potential of your data.
Explore our solutions tailored to your specific needs
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What is an FAQ section?An FAQ section can be used to quickly answer frequently asked questions about your business. For example, "Do you offer delivery?", "What are your opening hours?", "How can I book a service?".
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Why are FAQs important?FAQs are a great way to help visitors quickly find answers to common questions about your business, and to create a better browsing experience on your site.
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Where can I add my FAQs?FAQs can be added to any page of your site or on your Wix mobile app.
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D1. Data discovery : 2. Data nodes : 3. Datavisualisation (dataviz) : 4. Data scientist : specialist in Machine Learning and/or Deep Learning
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E1. Registration :
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What is data compliance?Data compliance is a process that identifies applicable governance for data protection, security, storage and other activities, and establishes policies, procedures and protocols to ensure that data is fully protected against unauthorized access and use, malware and other cybersecurity threats.
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F1. Flow: processing graph built interactively by the user, enabling remediation, preparation and monitoring of data. A flow is by construction designed for production. 2. Flow Designer: interactive construction of processing pipelines.
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I1. Artificial intelligence: a set of techniques that enable computers to simulate and reproduce human intelligence.
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How do I add a new question/answer?To add a new question/answer, follow these steps: 1. from the Dashboard or Editor, click on the "Manage FAQ" button. 2. Click on "Add", then select "Question/Answer". 3. Choose a category for your question/answer. 4. save and publish. You can modify your FAQ at any time.
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Can I add an image, video or GIF to my FAQ?Yes, to add media, follow these steps: 1. from the Dashboard or Editor, click on the "Manage FAQ" button. 2. Create a new question/answer or modify an existing one. 3. In the answer text box, click on the Video, Image or GIF icon. 4. Add the media from your library, then save.
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How can I change or remove the "Frequently asked questions" title?From the Editor, go to the "Settings" tab in the FAQ. From the Wix Owner app, go to the Site and app tab.
