DBS CREDIT CARD LAUNCH ON INTELLECT CMS -UAT TESTING

Project- DBS Bank India decided to launch their credit card using Intellect card issuing platform for India region. DBS is offering Visa credit cards variants in partnership with Bajaj FinServ Limited (BFL). As part of the launch strategy, DBS launched credit cards for common-user-group (CUG) initially, followed by full-fledged customer launch.

Client- DBS Bank India is a multinational banking and financial services corporation providing a range of financial solutions to individuals, small businesses and corporates. DBS Bank has a nationwide presence and operates in the Retail Banking, Wholesale Banking and other banking segments.

Zeta Interest Application Development

Project: Zeta planned to build a technology stack to support the issuance of credit cards and was looking to build a module to calculate interest for revolving credit. The module should cover all the standard interest scenarios typical to credit card life cycle.

Client: Zeta is a modern banking technology company which provides its products/applications to banks and fintech’s globally. Zeta provides Omni Stack comprising modern credit / debit / prepaid processing, BNPL, core banking and wallets.

Lentra Verification Micro System Development

Project
This project is to develop a micro system using API first cloud native for loan verification management which consist of different type of verifications like Field Inspection, Legal Verification, Valuation and Tele Verification, Personal Discussion & Video personal discussion. Purpose of this project is to develop a micro system which perform different verifications as per Bank/NBFC needs and implemented using the latest cutting edge technologies as part of Lentra digitalization initiative. This micro system is developed as flexible to integrate & highly configurable with several micro systems of Lentra which covers the complete Lending eco system.

Client
Founded in 2019, Lentra is enabling banks in democratizing digital lending through its SaaS platform. It empowers banks (& NBFCs) to create custom loan products and enhance customer experiences, through its API-driven modular architecture. Currently, Lentra’s digital lending platform serves over 50 banks, has processed over $20 billion worth of loan applications, with 2 million loans being processed every month. Lentra supports its customers in expanding their reach, reducing non-performing assets, optimising operational efficiencies, and using Pay-as-you-go pricing for their growth. Lentra is backed by investors like BVP, Citi, HDFC, MUFG, SIG & Vy.

Pinelabs Sigma Project -Credit Line on UPI

Project
This project is to upgrade the existing PineLabs platform to enable credit line on UPI by integrating with Lender applications. Key lending applications of existing PineLabs platform were impacted like KYC, Underwriting, Onboarding and Authorization. This upgrade also brings in the key feature of Registration on third party UPI application for credit line on UPI. Verinite was engaged as a solutioning partner to design a seamless integration.

Client
PineLabs is a leading payment aggregator, merchant acquiring partner and payment processor. PineLabs also own industry leading gift card processor as Qwikcilver and envisage entering into issuing business.

HDFC BANK -SPRINKLR FUNCTIONAL TESTING

Project
This project is about interactive voice response based testing, which involves front end application SPRINKLR used by bank employees to interact with customers. Purpose of this project is to manage high volume calls everyday handled by agents like sales inquiries, customer service, collections and support. This cover all bank products like Credit card, Debit card, Loans, Liabilities from different channels like IVR/Voice-bot, Phone-banking, VRM and Sales.

Client
HDFC Bank is an Indian banking and financial services company, provides number of banking products and services. HDFC is India’s largest private sector bank by assets and world’s 5th largest bank by market capitalization as of August 2023.

CS I and M BANK Migration onto Way4

Client
I&M Bank, the second largest commercial private sector bank in Kenya, licensed by Central Bank of Kenya, headquarters in Nairobi Kenya. The bank has 42 branches within Kenya andin Rwanda, Nigeria and Tanzania, Mauritius through its subsidiaries.

Project
I&M bank was planning to completely overhaul their issuing and acquiring systems by way of migration to a newer system. It included migration of its entire cards portfolio to Way4 that includes credit, debit and prepaidcards.

Verinite Success story IDFC Bank

Projects
IDFC First Bank was planning a Greenfield Launch of their credit cards in India. Bank was planning to implement TSYS PRIME4 as their credit card issuing platform. The main objective was to test and ensure that the base functionality and requested enhancement of credit cards functionality were working properly to their business needs. It was critical to meet all internal deadlines to meet the overall credit cards launch date. Verinite was responsible to conduct functional and integration testing on its behalf.

Client
IDFC FIRST Bank was founded by the merger of IDFC Bank and Capital First in December 2018. The Bank provides a range of financial solutions to individuals, small businesses and corporates. IDFC FIRST Bank has a nationwide presence and operates in the Retail Banking, Wholesale Banking and other banking segments.

SBC Credit Card and Switch Migration onto TSYS Prime4 Success Story

Business Objectives
To successfully manage the entire credit cards portfolio migration from existing BPC SmartVista platform to TSYS PRIME4 Platform.

Functional Testing of existing functions that includes base and customization features.
Test integration of PRIME system with existing satellite systems.
Certification for Network (MasterCard) in new PRIME system for Credit cards.

The Challenges
Interface readiness was a major challenge during the UAT, as most of the interfaces were not ready at the start of UAT resulting into change in planned activities.

MasterCard authorization simulator was shared for multiple projects, resulting in limited availability of MasterCard simulator impacting the certification and testing activities.

Shared resource allocation – Bank resources were working on both – migration project as well as production support. Since production was always a priority, projects tasks kept getting delayed.

ElectraCard to FirstVision Migration Success Story

Business Objectives
To successfully migrate the entire Credit cards portfolio from existing ElectraCARD to FirstVision Platform with 2 million card base and 80+ product offerings.

Migration Testing, Functional Testing and Interface Testing of existing functions that includes base and customization features as a part of UAT on behalf of bank.

The Challenges
Existing testing vendor could not support / conduct UAT hence Verinite was parachuted in as a testing expert, with an expectation of picking up requirements on the fly and still meet the timelines.

GAP Analysis -Timely completion of Functional GAP Analysis with respect to ElectraCard System vs FirstVision system.

Inhouse and 3rd party interface development on time was a big challenge that included Mobile Banking, Net Banking, ACS, IVR, SMS Banking, NPA/GL.

Success Story Auto DE

OBJECTIVES
To successfully automate the data entry feed coming from CRM team to Loans originations system. With increased volumes the costs started to skyrocket.

Bringing costs down was important. Another objective was to make it more efficient.

CHALLENGES
Existing process had multiple challenges for the Client.

Success Story Card Migration

VisionPLUS to HPS PowerCard migration in UAE

Business Objectives
To successfully migrate Credit, Prepaid & Islamic credit cards portfolio from existing VisionPLUS card processor platform together with data held inhouse at T24 system to HPS PowerCARD platform.

The Challenges
Multiple challenges were encountered during the entire migration project. Thefollowing list provides a glimpse of those challenges:

Inherent challenges posed by multiple sources of data, active card accounts from prior processor and 90 days past due, written-off accounts data from a different source system. During the time when the cards portfolio was growing, certain system changes were made like split limit implementation, these were posing threat to the data consistency while reconciling. There were challenges in understanding and setting up the desired parameters due to change in migration approach in UAT and PROD respectively.

Change in migration strategy very close to the planned migration change was one of the biggest challenge. Instead of the cycle day cut-off it was decided to migrate on a non-cycle day.

ABOUT THE PROJECT
Our Client Institution was established as one of UAE’s first “independent” finance companies. They started their operations in July 2004, and the principal activities included investments, consumer and commercial financing. Since inception, this finance company has made significant advancements to become a credible player in the UAE market.

This consumer finance arm contributes a significant portion to its total business. Under this vertical client issues a wide variety of cards which includes the Titanium (Cartnet), Platinum, Gold, Payday and Islamic cards. The entire cards portfolio was hosted in a processing platform on VisionPLUS system……