Verinite Perpetuate its trust and signs a deal of FV Platform Migration with India’s one of the Top 5 Private sector Bank
Verinite is extremely delighted to announce the signing of another deal on the credit card platform migration. We have helped our client in successfully launching their credit cards on First Data Vision Plus system and now will be helping them in their platform migration from Frankfurt to India Hub.
Client is among the Top 5 private sector bank in India that serves corporate, retail and SME banking customers with a comprehensive product suite of Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the country. Bank has launched their credit cards products in 2016 and it is one of the fastest growing Credit Card portfolio in India. Bank is planning to migrate to a new upgraded platform which will allow them to provide better product offerings to their customers and also align with the RBI guidelines which mandates public data to be stored in India.
Verinite is selected by the Bank to support this migration project. As part of this project Verinite will be conducting Gap Analysis to identify changes in functions and process between source and destination platform. Verinite would be responsible for the project initiation, test scope definition, project co-ordination, interfaces, certification testing of this critical migration project. Verinite will also undertake functional and migration testing activities to ensure that new platform adhere to Bank’s requirement and no data loss or error in data migration process.
Team Verinite hopes to build on this win to serve more banks in India as they embark on technology transformation initiatives thus further strengthening the India growth story in Cards & Payments Space.