Nelito Findart solution for banking data archival. Migration or retirement of existing application.\nhttp://nelito.com/banking-solutions/enterprise-reporting-xbrl.html\n
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archival solution arises due to:
Migration or retirement of existing applications
High cost of maintaining legacy system
Decline in solution performance due to large volume of data.
FinDART™ is a data archival and retrieval solution, tailor made for BFSI vertical. It archives that historical
data of legacy system which is not required for further processing of transactions and which has no business
process associated with it. FinDART™ stores data in the archival repository and provides access for reporting
and query purpose. It restricts any modification in archived data. FinDART™ provides Reports, MIS and
Query facilities on legacy data after its retirement.
FinDART’s usability for a Bank is illustrated in below diagram:
FinDART™ is accessible to end users over web (internet and/or intranet) so it can be accessed by head
office users, regional office users and branch users.
FinDART™ is based on the principle of designing a Data Repository to hold data of multiple legacy
applications in consistent structure, Store data in a centralized environment.
FinDART™ Business Drivers:
Below tables lists the ‘Off-the-shelf’ reports of FinDART™:
Statement of Accounts
Any day balance
Deposit Register (Master)
Statement of Accounts
Interest Credit / Accrual Reports
Statement of Accounts
Drawing Power Details
GL Statement of Accounts
GL Any Day Balance
Outward Remittance (DD / PO / MT / TT)
Cheque Book Report
Stop Payment Report
Stop Payment Revoked Report
Standing Instructions Report
Related Party Details
Loans & Advances
FinDART™ allows the user to search record(s) based on following parameters:
Record Search Options
Query / Search Parameters
Customer Id / Customer Number
Account number (for customers and also for internal accounts i.e. GL)
Range of transaction dates
Transaction type (Debit/Credit)
Transaction nature (Cash/Clearing/Transfer)
Cheque number and user-id details of person entering / verifying the transactions
Below tables summarises the Key features of FinDART™:
Broad Connectivity &
FinDART™ can access and retire a wide variety database,
mainframes and business applications
ASCII – Text
Cobol - Btrieve
MS Access / MS Excel
Quick and complete migration (archival) of legacy data as-it-is.
Save time and money; enable rapid information retrieval with
automated archiving process. FinDART™ simulates archival
processes before actual execution to validate archiving policies.
Keyword based searching option for Account Number, Account
Name, Transaction Dates, Range of Transaction Dates, Transaction
Amount, Transaction Type and Instrument Number etc.
Preserve critical data according to internal rules and external
Archive complete logical business entities. Archiving not just
transactional data but also master and reference data, plus
metadata to a secure immutable format for later retrieval.
Keyword based search
Robust Data Archival
Seamless Access to
Application interface to access the archived data in database
instances through pre-configured reports and facility to query the
FinDART™ has password based access right mechanism to
safeguard and restrict access to application and database instances.
Based on user rights it allows user to view, print and download the
reports or query the database instances.
Supports popular formats like ASCII Text, MS Word, PDF, XML and
Improve information access by keeping data online and readily
accessible and reusable.
FinDART™ manages user and user roles for application access.
Active directory or other third party application integration is also
Application access through user validation at backend
Right click disabled on browser
User access logs
Saving on upgrading the existing storage on YoY basis, Bank can
design the CBS data purging policy and purge the old data for
freeing the storage space from production. Also speed of the system
will get increased.
Benefits to the Bank
FinDART™ Success Stories
Year of Order
Development Credit Bank
Oriental Bank of Commerce
United Bank of India
NABARD through Wipro
Allahabad Bank RRBs through HP
HDFC Bank (Phase 1 and Phase 2)
Bank of India RRBs
UCO Bank (Hong Kong and Singapore Branches) through HP
Syndicate Bank (London Branch) through HP
Corporation Bank through Wipro
Indian Overseas Bank - India
2013 and 2016