Use cases
Core Banking legacy: data exploitation and enhancement
Improve the efficiency and agility of your Core Banking legacy system, with the complete solution for exploiting and adding value to your banking data.
What are the problems associated with legacy core banking?
When our banking customers manage their customer data with a core banking system - a true business ERP - they ensure the management of day-to-day banking transactions such as account opening, deposits, withdrawals, payments, interest calculations and the recording of all transactions.
However, the banking sector faces constant challenges such as digitization, growing customer demands, strict regulations and high maintenance costs. Some banks are finding it difficult to respond to these changes due to their legacy core banking systems, which are robust but not very agile and technically complex.
What's more, the shortage of skilled talent, particularly in development on these specific languages, makes recruitment difficult.
Faced with these major changes, some banks don't always have the resources to respond, and transformations can take a long time to implement. To deal with this situation, our customer, equipped with a legacy core banking system, decided to innovate, without revolutionizing its practices or changing its core banking system.
Support your core banking with Tale of Data
The Tale of Data solution offers a comprehensive approach to exploiting and adding value to legacy core banking data. We integrate our solution into our customers' existing systems, using compatible connectors and interfaces, without the need for major modifications or the risk of destabilization. With Tale of Data, our customers can benefit from the following functionalities:- Regulatory reporting: Our solution automatically generates up-to-date legal and regulatory reports, such as ANACREDIT, by implementing automated data processing. Reports are produced without the need for additional resources, saving time and optimizing processes.
- Business reporting: Tale of Data is also used to provide customized reports to the bank's internal customers, responding to specific business requests. Prior to the integration of Tale of Data, the creation of these reports required the intervention of limited technical resources, resulting in delays and waiting lists. With our solution, long-awaited reports can be delivered quickly and efficiently.
- Report planning and automation: Tale of Data enables the planning and automation of reports, ensuring their timely production and reducing the risk of relying on specialized resources. This relieves pressure on technical teams and ensures business continuity.
- Ease of use: The Tale of Data solution is designed to be user-friendly and accessible to all profiles, from IT to business. Process creation is simple and intuitive, thanks to a graphical visual interface, ready-to-use functions, artificial intelligence and natural language rules. This ease of use enables our customers to respond quickly and efficiently to operational demands.
Core Banking and Tale of Data: the benefits
- Increased reporting agility: Thanks to Tale of Data, banks can quickly adapt their reporting to regulatory changes without additional effort.
- Reduced core banking upgrade costs: By integrating Tale of Data into their information systems, banks avoid heavy investment in upgrading or completely replacing their core banking systems.
- Innovation and processing revolution: Tale of Data provides a secure platform to innovate and revolutionize processing without the risk of destabilizing IT production.
- Improved operational efficiency: by automating reporting tasks and simplifying their management, Tale of Data enables banks to gain in efficiency and devote their resources to higher value-added activities.
Find out more about Core Banking...
Core banking is a back-end IT solution implemented by banking institutions to bring together all the required and relevant components. Its aim is to manage customers' financial operations. It includes services such as account opening and management, deposit and savings management, payment and card management, interest calculation, customer relationship management (CRM), and the recording of all banking transactions and regulatory reporting.
Legacy core banking systems are often decades-old platforms that banks and financial institutions use to support their back-end infrastructure for services such as new account creation, deposit and transaction processing, and loan origination. These systems often lack the functionality of new financial technologies, such as the ability to interface with other systems, and can often hamper the ability of traditional banks to rapidly roll out new products and services.
Legacy core banking systems, with their old technology, proprietary data models and limited ability to interface with other systems, force companies to find solutions like Tale of Data to complement and support existing tools.
Product benefits
Integrate
Seamless integration of AI and No-Code technology for efficient data refinement.
Collaborate
Collaborate across teams to ensure complete data quality.
Shareable
Go beyond data transformation scripts for a readable, shareable project.
View
Move from the "black box" of scripting to an intuitive, documented visualization of all your data transformations.
Powerful
Use powerful dashboards to simplify analysis and drive continuous improvement.
Quality
Achieve superior data quality faster and at lower cost, while demonstrating the tangible value of investing in data excellence.
Intuition
Get a complete, intuitive visual representation of the data journey, from raw data to finalized data products.
Organized
Align your organization with data quality initiatives.
Aligned
Easily align your business with ever-changing regulatory requirements.
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