Findart

This FinDART is aimed at retrieving the historical data from the legacy systems of Banks/financial institutions and providing MIS/query facilities.
The banking industry has been facing rapid changes in the use of technology for driving its business needs. From manual ledgers and registers, there have been consistent efforts from the Banks to deploy various types of technologies for supporting their business processes. Thus, we have seen Banks moving from one kind of system to other, namely:
a c Manual Systems
a c Adding Machines
a c Advanced Ledger Posting Machines (ALPMs)
a c Total Branch Automation (TBA)
a c Core Banking Solution (CBS)
Migration to newer technologies equips the Banks with better control over current data and application, but the data held in legacy applications pose a new challenge. The regulatory requirements, Business intelligence needs and active consumer movements call for policies and strategies in place for data retention, archival and retrieval.
FinDART is a data extraction, transformation and loading tool, and a reporting engine to retrieve the data addressing customer queries, meeting regulatory requirements and helping in business intelligence.
An effective archival solution can become a business intelligence tool, increasing revenue opportunities for an organization apart from regulatory compliance. Data stored in native file formats should be accessible to end users and applications for business use such as data mining, application testing etc.