By Sankhadeep Chakraborty . June 28, 2021 . Success Stories
Finance House (FH), one of the leading financial institutions in UAE, planned to migrate its Cards processing platform from existing Network International (NI) platform to HPS Powercard platform. Their portfolio included Conventional Credit and Prepaid products as well as Islamic products.
Verinite provided consulting and reconciliation service for migrating the portfolio.
Stringent timelines to complete the migration in 4 months from initiation.
Multiple systems VisionPLUS and T24 from where data had to be migrated to PowerCard.
Dependence on third party card processor NI for getting the card data. Last moment intimation of freeze period from NI had to be accommodated.
Complex migration logic for handing cards with split credit limit.
Providing consulting service to setup fraud rules in the PowerCard system.
Reconciliation of the data from multiple sources after migration from VisionPLUS and T24 system.