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Data Migration Tool

A powerful, ready-to-use, and parameterizable data transformation and process management engine designed for the banking industry.

MINDSPIRE DELTA data migration tool icon

Extracting, Transforming and Loading data of banks using MINDSPIRE DELTA Data Migration Tool

DELTA was built to support our data migration projects in the banking and financial services industry, perfectly complementing our Banking Data Migration Services and proprietary banking data migration methodology.

Discover how MINDSPIRE Consulting’s universally applicable, platform and system independent, banking industry specific engine can speed up data migration processes, while reducing costs and ensuring data validity!

MINDSPIRE’s banking data migration experts have participated in more than fifteen large scale successfully delivered migration projects in Europe and are currently working on several major projects.

Facing the shortcomings and limitations of the existing standard data migration tools and processes, our ETL professionals have developed a custom solution designed for the specific requirements of banking data migration.

MINDSPIRE DELTA is capable of covering all aspects of the banking data migration process, ranging from small satellite banking solutions to complex core banking systems and full bank migrations.

Our banking data migration tool is continuously improved, tailored throughout the years for the data migration projects of the financial institutions.

By using MINDSPIRE DELTA Migration Tool we were able to significantly reduce the overall costs of the data migration projects for banks and financial institutions and speed up the entire process.

The powerful banking data migration engine’s features include loading, transforming, processing, validating, and controlling the entire ETL process.

Main challenges and risk associated with banking data migration

Facing a changing business and technological landscape and growing client expectations, banks constantly need to improve their systems and processes, upgrade their existing solutions, implement new software or hardware into their complex IT architecture, or replace their core banking systems. Also, following a merger and acquisition, the systems of the two institutions must be integrated.

Most of these activities include transferring large amounts of sensitive banking data from source to target systems. Although on the surface these seem to be standard ETL projects, usually the data to be migrated differ in format, overlap with each other, may contain duplicated data or even errors.

According to research, only 36% of data migration projects keep to the forecasted budget, and only 46% were delivered on-time.

Data migration projects performed by banks and financial institutions are not exempt, they entail significant amounts of risk, and many such projects suffer serious problems or fail.

MINDSPIRE DELTA Banking Data Migration Tool illustration

Some of the common challenges that might occur during banking data migration projects

Insufficient internal resources: When the complexity of a banking data migration project is underestimated, it results in lack of manpower or unrealistic deadlines.

Unclear expectations: The exact requirements for the ETL tasks might not be well defined, which might lead to performing unnecessary tasks, or missing the critical steps.

Lack of proper tools: When the data migration team has no access to the right applications needed for the ETL project, the process will take significantly longer, and it will become error prone.

Unidentified data quality issues: The data migration team might not have a complete overview of the data sources, which might result in loading low quality data into the target banking systems.

Lack of collaboration between parties: Since data migrations for banks often involve several internal and external participants, without effective cooperation the project can easily go astray.

Inadequate testing: Due to insufficient resources or unrealistic deadlines validation of the banking data migration process might be limited, which in turn can lead to incomplete or inaccurate results in the target systems.

Introducing MINDSPIRE DELTA Banking Data Migration Tool

Our powerful data migration software is designed to cover the entire data migration processes of banks and financial institutions, including the following main phases

Loading Data

Easily stage and validate source data from any source banking system. Setup source structures, choose from predefined source data import methods, such as csv, xls, xlsx, db link, and more. Possibility to restructure source data to prepare for more effective and transparent transformation, using basic data cleansing functions. Filter source data based on business or data validation requirements defined by the bank.

Data Transformation

Setup target structures. Create every single transformation rule with a built-in powerful editor, containing many predefined functions. Build-in validations capabilities already in transformation rules. Test, preview and flexibly modify the rules. Use semi-automated version control and automatic documentation. Setup target banking data export methods, such as csv, xml, xls, xlsx, db link, and more. When needed, custom SQL codes can be inserted at any point of the transformation process.

Processing Data

Define even very complex data migration process often required by banks with the easy-to-use designer and select from predefined process steps. Optimize the execution with parallel processing.

Validate Data

Easily create a customized report or use any built-in template reports for data validation or process monitoring. Reports can be executed automatically within predefined or ad-hoc processes.

Controlling the Banking Data Migration process

Identify dependencies and design a fully automated data migration process, orchestrated, and monitored from a graphical interface. Even scheduled execution is possible containing automated notification functionalities providing up to date information about the progress. For each run an execution log is automatically created with the detailed results.

Main benefits of using MINDSPIRE DELTA Data Migration Tool

Quick installation and easy to use banking data migration software

  • Our data migration tool is instantly applicable, the implementation process is simple.
  • It is based on standard technologies (Java, SQL, open-source software).
  • Easy operation, designed for banking data migration projects.
Quick installation and easy-to-use banking data migration software

End-to-end data migration support functions

  • Assisting data migration reconciliation.
  • Data cleansing, deduplication.
  • Automated reporting solutions.
End-to-end data migration support functions

Continuously improved data migration engine

  • Effective and stable process execution even with large amount of banking data.
  • The tool is continuously developed and improved based on the feedback of several European banks’ end-users.
Continuously improved data migration engine for financial institutions

Built-in control and automated report points

  • During the banking data transformation process the currently executed elements and the available results are easy to identify.
  • No additional report has to be developed to track the banking data migration process.
Built in control and automated banking data migration report points

Universally applicable data migration tool

  • Our application is flexible and sector independent, with specific emphasis on the financial services segment.
  • Contains not only standard, but special data transformation functions as well to simplify the transformation logic for business analysts.
  • Additional developer skills are not required. The whole data transformation process can be setup via parametrization.
Universally applicable banking data migration solution

Platform and system independent data migration capabilities

  • Our banking data migration tool is based on standard, platform independent technologies.
  • Heterogenous core banking systems and other satellite software can be connected as source or target.
Platform and system independent data migration capabilities for banks

Cost effective, out of the box ETL application for the banking industry

  • The application’s functionality, such as built-in validation, reports, and control reduces the cost of data migration projects of banks.
  • The application’s functionality covers the whole transformation process. Additional applications or developments are not needed to execute the data migration processes.
Cost effective out of the box ETL application for the banking industry

Our related services

MINDSPIRE Consulting provides various connected services and experts for the DELTA Data Migration Tool

Technical analysis and development

Technical analysts and programmers with Java and ETL skills and data migration technical experience. Main tasks: Customization and development, administration, maintenance, technical analysis, and support of the banking data migration process.

Business analysis and implementation

Senior and Junior Data Migration Analysts with extensive banking data migration experience and CBS knowledge. Main tasks: Analyzing data migration requirements of banks. Specifying source and target banking systems, dataset, processes. Designing data migration processes and transformation logic. Parameterizing the data migration tool. Executing rehearsals and rollout.

Design and Quality Assurance

Data Migration Experts with 5+ years of migration and banking experience. Main tasks: Leading preparation and planning activities, defining prerequisites and key success factors of banking data migration. Taking lead responsibility in Data Migration Strategy preparation. Permanent monitoring and evaluating professional quality of data migration projects of banks and financial institutions. Methodological support for implementing and orchestrating the end-to-end data migration process.

Banking Project Management

Project managers, Roll-out Managers, Test Coordinators with 5+ years of experience in banking IT project-management. Main tasks: Coordinating data migration planning, and execution activities. Resource management. Risk management. Roll-out management, planning and coordinating cutover activities. Test coordination, test strategy preparation, test team coordination.

Discover our comprehensive Banking Data Migration Services!

Our Banking Data Migration references

 – During the last decade MINDSPIRE Consulting has gathered extensive experience in different data migration projects in the banking segment, including:
– Full bank migration projects, mergers, and portfolio purchases.
– Core Banking System migration, including new system integration and upgrade projects as well.
– Satellite banking system migration, such as card, collateral, and CPM solutions.

Our Banking Data Migration Methodology

MINDSPIRE Consulting has developed a banking industry specific data migration methodology framework, which covers the complete data migration process, including the following phases.

Data migration tasks

  • conceptual design
  • logical design
  • physical design
  • testing
  • rollout

Post data migration activities

  • extraction
  • data cleansing
  • deduplication
  • transformation
  • uploading
  • reconciliation
  • coordination
  • project management
  • quality assurance
  • rollout management
  • test coordination

Technical overview of our banking data migration software

Source banking systems

Flexcube, Finastra (MIDAS, Equation), Symbols, SAP, Sopra Banking Amplitude, Sia (CAMS), Temenos T24, Vision+, Bankmaster

Target banking systems

Flexcube,Finastra (Equation), Symbols, SAP, Asseco Solutions, Bankway, Sia (CAMS), Appello, Dorsum (Clavis), Bpc, Areus

Technologies used

Business logic: Defined in Java and PL/SQL.
Database management: Using Oracle database.
Application server: Apache Tomcat.
User interface: Google Chrome browser.
Source and target data transfer: Database, Flat file, csv, xml.
Reporting and documentation: Excel, PDF.

Architecture components

Database server
Application server
Terminal server

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Our latest Banking Data Migration References

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