Nelito’s FinDART™ is a web-based data archival and retrieval solution for Banking data archival. Need of archival solution arises due to:
Migration or retirement of existing applications
High cost of maintaining legacy system
Decline in solution performance due to large volume of data.
FinDART™ is a data archival and retrieval solution, tailor made for BFSI vertical. It archives that historical data of legacy system which is not required for further processing of transactions and which has no business process associated with it. FinDART™ stores data in the archival repository and provides access for reporting and query purpose. It restricts any modification in archived data. FinDART™ provides Reports, MIS and Query facilities on legacy data after its retirement. FinDART’s usability for a Bank is illustrated in below diagram:
FinDART™ is accessible to end users over web (internet and/or intranet) so it can be accessed by head office users, regional office users and branch users. FinDART™ is based on the principle of designing a Data Repository to hold data of multiple legacy applications in consistent structure, Store data in a centralized environment. FinDART™ Business Drivers:
1
Built in Reports in FinDART Below tables lists the ‘Off-the-shelf’ reports of FinDART™: S. No. 1.
2.
3.
Report Types Account Search
Term Deposit
Loans & Advances
Report i.
Account Master
ii.
Statement of Accounts
iii.
Any day balance
i.
Deposit Register (Master)
ii.
Statement of Accounts
iii.
Interest Credit / Accrual Reports
iv.
TDS Reports
i.
Account Master
ii.
Statement of Accounts
iii.
Limit Details
iv.
Drawing Power Details
v.
Security Register
vi.
Stock Statement
vii.
Insurance Details
viii.
Subsidy Details
ix. 4.
5. 6.
7.
General Ledger
Clearing Trade Finance
Miscellaneous
Inspection Details
i.
GL Statement of Accounts
ii.
GL Any Day Balance
iii.
GL Transactions
i.
Inward Clearing
ii.
Outward Clearing
i.
Bill Details
ii.
LC Details
iii.
Guarantee Details
iv.
Outward Remittance (DD / PO / MT / TT)
i.
Cheque Book Report
ii.
Stop Payment Report
iii.
Stop Payment Revoked Report
iv.
Standing Instructions Report
v.
Lien Report
vi.
Nominee Report
vii.
Related Party Details
2
1
Record Search Options
FinDART™ allows the user to search record(s) based on following parameters: Query / Search Parameters S. No.
2
Parameter
1
Customer Id / Customer Number
2
Account number (for customers and also for internal accounts i.e. GL)
3
Account name
4
Transaction date
5
Range of transaction dates
6
Transaction amount
7
Transaction type (Debit/Credit)
8
Transaction nature (Cash/Clearing/Transfer)
9
Cheque number and user-id details of person entering / verifying the transactions
FinDART™ Features
Below tables summarises the Key features of FinDART™: S. No. 1.
2. 3.
Features
Descriptions
Broad Connectivity &
FinDART™ can access and retire a wide variety database,
Extensibility
mainframes and business applications
Oracle
IBM DB2
MS SQL
Sybase
ASCII – Text
Cobol - Btrieve
MS Access / MS Excel
Unchanged Data
Quick and complete migration (archival) of legacy data as-it-is.
Archiving
(Unchanged)
Process Automation
Save time and money; enable rapid information retrieval with automated archiving process. FinDART™ simulates archival processes before actual execution to validate archiving policies.
4.
Keyword based search
Keyword based searching option for Account Number, Account Name, Transaction Dates, Range of Transaction Dates, Transaction Amount, Transaction Type and Instrument Number etc.
5.
Regulatory Compliance
Preserve critical data according to internal rules and external regulations.
6.
Robust Data Archival
Archive complete logical business entities. Archiving not just
Support
transactional data but also master and reference data, plus metadata to a secure immutable format for later retrieval. 3
S. No. 7.
Features
Descriptions
Seamless Access to
Application interface to access the archived data in database
Archived Data
instances through pre-configured reports and facility to query the database instances. FinDART™ has password based access right mechanism to safeguard and restrict access to application and database instances. Based on user rights it allows user to view, print and download the reports or query the database instances.
8.
Reporting Format
Supports popular formats like ASCII Text, MS Word, PDF, XML and MS Excel.
9.
Online Access
Improve information access by keeping data online and readily accessible and reusable.
10.
User Management
FinDART™ manages user and user roles for application access. Active directory or other third party application integration is also enabled.
11.
Security
12.
Benefits to the Bank
Application access through user validation at backend
Right click disabled on browser
User access logs
Saving on upgrading the existing storage on YoY basis, Bank can design the CBS data purging policy and purge the old data for freeing the storage space from production. Also speed of the system will get increased.
3 4
FinDART™ Success Stories
S. No.
Bank Name
Year of Order
1
Development Credit Bank
2008
2
Oriental Bank of Commerce
2009
3
United Bank of India
2010
4
NABARD through Wipro
2012
5
Allahabad Bank RRBs through HP
2012
6
HDFC Bank (Phase 1 and Phase 2)
2013 and 2016
7
Bank of India RRBs
2013
8
UCO Bank (Hong Kong and Singapore Branches) through HP
2014
9
Syndicate Bank (London Branch) through HP
2015
10
Corporation Bank through Wipro
2016
11
Indian Overseas Bank - India
2016
4