Source: International Financial Systems
Nedbank, London has recently gone live on BankWare.net, developed by niche banking software suppliers International Financial Systems (iFinancial).
The upgrade was a complete technology change and therefore took six months to complete because it introduced a number of complexities that would not have been encountered on an update or upgrade on the same platform.
Data was automatically migrated from the earlier version of BankWare to BankWare.NET and then automatically checked to completely eliminate user intervention in this phase of the project. However, the complexity and the number of systems into which BankWare had previously been integrated, such as Head Office Reporting, SA & UK Regulatory Reporting etc., meant that the conversion plan was very complicated; requiring detailed testing with various interfaces being transferred to the new system in a predetermined and phased basis.
Robert Simpkins, Risk and IT Manager said that "In my opinion and taking into account the complexities of the upgrade everything went exceedingly well. Not only were there the normal issues that you need to deal with when upgrading a system from one technology platform to another but there were a significant number of other systems into which we had to integrate of which at least three were not in the UK. We experienced the odd and occasional teething problem but nothing of any great significance. The advantages of the new technology and the ease and accessibility of the data far outweighs any of these minor glitches"