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CHALLENGE

Banks and other financial institutions that want to deploy OFSAA face several data migration challenges. The data often resides in multiple sources with multiple owners. Legacy systems require specialized skills to extract data, which needs to be transformed to ensure consistency. The OFSAA Data Model also has its own data precision requirements. These factors make OFSAA data management a complex task for financial institutions.

TCS SOLUTION

TCS Services on OFSAA help banks address key challenges by enabling time-bound, cost-effective, and reliable extraction and transformation of existing data.

Our solutions combine domain, business, and technological expertise with the best practices acquired from implementing large scale transformations. We can enable you to roll out OFSAA initiatives quickly, without any errors.

Our OFSAA Data Management solutions address data sourcing, data transformation, data quality (DQ) management, publication rule definition, and an OFSAA Data Store.

BENEFITS

  • Improve consistency and reusability
  • Reduce timelines and risks of OFSAA implementation
  • Improve decision-making and compliance
  • Reduce implementation costs

 

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