Reiknistofa Bankanna (RB), IT Service Provider of and for the (savings) banks in Iceland, has selected Data eXcellence to perform a comprehensive and complex data migration assignment. The migration of the data is part of the implementation of the Sopra Banking Platform at RB and its affiliated banks.
RB has chosen to replace its existing customization systems with Sopra’s core banking platform. This reduces RB’s total cost of ownership and increases flexibility. RB also avoids new investments in its existing systems due to future compliance requirements.
“Data eXcellence uses a predictable and verifiable data migration process and successfully completed more than 20 major migration projects in the financial sector. Also, they already performed four Sopra Banking Platform migrations successfully” explains Jón Helgi Einarsson. Einarsson is responsible for the Midjan Program at RB. “Another important point is Data eXcellence’s ISO27001 certification for migrating personal and sensitive data. This gives our clients peace of mind”. RB chooses Data eXcellence over two other renowned international providers.
Millions of bank accounts
The migration solution for RB Iceland will be developed to migrate data from all Icelandic banks. In total between the one and two million bank accounts. Alexander Bosschaart of Data eXcellence: “The data remains in Iceland on a separate production server. We have a specific process for dealing with international migrations”.
About Data eXcellence
Data eXcellence guarantees 100% data migration of valuable data for financials and other domains with valuable data. Over 25 migration projects are successfully completed, all using a standardised and proven approach. Data eXcellence works closely with leading software vendors and business process outsourcers.
RB is the outsourcing IT partner of and for financial institutions in Iceland. RB has developed the clearing and settlement system in Iceland and also developed a number of core banking solutions. RB additionally offers businesses and consumers solutions in the field of e-invoicing and e-payment.