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Are you familiar with them?

Keystone Bank, one of the largest banks and leading financial services provider in Nigeria with assets worth over USD 5 billion and with a strong presence in Corporate & Retail Banking in 5 countries. Bank is currently using T24 as its core banking application. Bank manages High level financial information of various business lines contributing to 200,000 Transactions per day with a satisfied Customer base of more than 3.5 Million and 2.5 Million Accounts.

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And this is what, brought them to us.

The bank has noteworthy issues with the existing system. It’s a long waiting time for them to extract the data from their Core system (T24) and generate reports. Their manual intervention kept repeating the whole process daily and daily. There is tons of duplicate data being extracted for downstream applications.

  • Financial Reporting is based on T-4 day’s data
  • End-to-end Extraction-Transformation-Load (ETL) takes 4 to 5 days
  • CBS Data Extraction Performance is poor
  • Staging data is in Excel – prone to Fraud
  • Noted inconsistencies between T24 CBS and GL System Reporting

Painful is: Frustration, irritation and anxiety

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It shouldn’t surprise you, we’re so responsive to your anxiety

Lera Technologies has come up with three different solutions named as Eficaz - A Data warehouse suite. We also helped them in Data Archiving and BI Analytics.

  • Eficaz addressed ETL & DWH need internally to their system. It boosted COB performance and allowed Keystone to address bulk data extraction.
  • BI for Data access, visualization, reporting, analysis and decision making.
  • Archiveed data and free up overloaded system.

And the goodies are...

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Core CRC Report in 1 day to less than 30 minutes

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Core CRC Report in 1 day to less than 30 minutes

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Core CRC Report in 1 day to less than 30 minutes

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Core CRC Report in 1 day to less than 30 minutes