Implementation of the Symbols Project at MCB Limited Presented By: M.Gohar Iqbal
May 24, 2015
Implementation of the Symbols Project at MCB
Limited
Presented By: M.Gohar Iqbal
AgendaO MIBS (In house developed solution)O AMBIT(SunGard’s Core Banking
solution)O Project ManagementO Implementation stepsO Success before and afterO A right decision
MIBSO In house developed software for
banking needs.O Four modules: MIBS Multi-currency
Inter-banking systemO GLBS General Ledger Banking
System,O RSBS Remittances Banking System &O LUBCS Utility Billing System.
Architecture Of MIBS
Key punch operator
Key punch operator
Branch Manager
Chief Teller
Teller
Teller
Chief Teller
Branch Manager
Dial Up Connection
Branch Based Servers
Branch Based Servers
Branch A
Branch B
Architecture Of MIBSBranch Offices
Regional Offices
Circle Offices
Consolidate Report
Drawbacks of MIBSO Use of paper based vouchers and manual
sheets.O No Integration b/w branches of data.O Aggregation and reconciliation took enormous
time. O 8-10 steps before closing of branch.O Slow transactions took days to complete b/w
branches.O No single view of customer & separate
processes for separate transactions.O Risk and Redundancy of data due to vouchers.
AMBITO SunGard's product as core banking
solution.O Integrated extended EBS.O Six modules
O Branch TellerO KernelO General LedgerO DepositsO Customer Lending
AMBITO 4 add on modules
O Funds TransferO Domestic PaymentsO Knowledge ManagerO Foreign Exchange
O Web enabled especially for customers.
O ATM, Mobile devices enabled services.
Symbols Project Implementation
O Implementation of AMBIT is Symbols Project.
O A separate Department.O Project Initiated in 2003.O Selection of systems.O Documentation/ mapping of existing
processes (AS-IS, requirement gathering).
O Key Gaps and customizable scope outline(TO-BE, GAP analysis).
O TestingO 22 MCB employees training in
Singapore.O Services of MCB testing on AMBIT to
evaluate FIT.O Resulted in some GAPS of
O Profit, Loss and ZAKAT processes consolidation.
O Remittance’s structure and terminology.
O Requested accommodation for these GAPS.
Symbols Project Implementation
O In 2005 first branch of MCB was customized.
O 104 branches moved to AMBIT.O But Change management got delay.
Symbols Project Implementation
Implementation teamsO Teams made and were set up at
Karachi, Lahore & Islamabad.O With the help of G.Ms, the team had
to design implementation plans.O Also in developing, training
methodology & conducting training session.
O Job support and training providing.
Migration MethodologyO Standard processes needed.O Data cleansing(involve CNIC
identification).O Signature Verification.O Conversion of MIBS,GLBS & RSBS.O Role based Security and View rights
authorization.
Success
O Change Management was only hurdle.
A Right Decision