Data archival involves the migration of legacy data from various applications into a common schema which acts as a repository or archive for the data for as long a period as required. FinDART is the Nelito's data archival product. FinDart is a centralized web based solution.
FinDART can be used for complete data archival or selected data archival. Although complete data archival services is associated with no data loss, it is resource hungry and thus selected data archival services is generally preferred despite partial data loss.
About 28 legacy applications have been migrated successfully to FinDART and the bank's legacy application can also be migrated.
FinDART has accessed and retired a variety of databases including Oracle, IBM DB2, MS SQL, Sybase, COBOL / Bitreve, ASCII – text, MS Access and MS Excel.
FinDART can retire a wide variety of legacy systems and databases, it offers unchanged data archiving if so required, automates the process of archival of data, presents keyword based information retrieval and helps the banks In complying with regulatory requirements among a host of other benefits.
FinDART is not just used for transactional data and it is also used to store master and reference data. Moreover metadata is also stored.
FinDART has password based access mechanism to safeguard access to application and database instances. Based on user rights, FinDART also allows user to view, print and download the report or query the database instances. Active directory and third party integration is also enabled.
FinDART offers various reports with regards to CA/SA details, Term deposit, Loans and advances, General Ledger, Clearing, Trade Finance and other miscellaneous reports.
The extracted data is validated for completeness, accuracy and quality.
FinDART can be implemented in 2 methods: It can either be implemented with the banks existing core banking application or if the bank so desires it can be implemented along with a new core banking system.
Existing reports in FinDart can be customized to meet the needs of the bank and additional reports can also be developed as per the requirements of the customer. Even the existing query engine can be customized as per the requirements of the customer.