Case Study: BNF Bank achieves faster core banking migration and reconciliation with Validata ConnectIQ

BNF Bank speeds core banking migration across 3 systems with Validata Software

BNF Bank, a key player in the Maltese financial services sector, faced the challenge of migrating its core banking system from a legacy platform, Banka 2, to Temenos Transact R23. The bank needed comprehensive assistance with the entire data migration process, including data mapping, migration design, automation, and financial reconciliation. To address this, BNF Bank selected the ConnectIQ platform from vendor Validata Software.

Validata Software's ConnectIQ platform provided an automated, no-code solution for the end-to-end migration and reconciliation processes. The platform streamlined data extraction, transformation, and loading (ETL), and performed financial reconciliation to identify mismatches. This resulted in a faster data migration with higher data quality and a standardized process across systems for BNF Bank. Validata's solution also enabled data for other streams like regulatory reporting and transaction integration.

BNF Bank