Complexity in migrating large volumes of application and business data in a swift and error-free manner
Severe consequences for business operations, as well as end user, due to downtime and disruptions
Need for specialized skills to plan and manage data and infrastructure of large proportions
Difficulty in choosing the appropriate migration, and post-migration testing and validation approaches
Failure to ensure digital, regional, and international compliance while migrating finance systems may incur penalties, reputational damage, or fines
Incompatible hardware, software, and network configuration make migration from source to target environment tedious
Lack of proper training and ongoing support to the end user once the migration has been completed
Our FinTech Migration Services Include
Supporting migration needs due to mergers and acquisitions, platform upgrades, portfolio integration and platform modernization
Addressing requirement, resource, testing, and BAU disruption while balancing risk, cost, and time
Implementing migration plan, data de-conversion, migration, and post-migration strategically to minimize end user impact
Ensuring target system’s compatibility with ETL pipelines to automate parallel data movement via transformation sink
Enabling continuous testing for ETL pipeline and target infrastructure for performance
Accelerating migration by leveraging licensed, cloud-native, and open-source tools on need basis
Developing custom plugins to handle complex migrations across incompatible source and target systems
Opus Streamlines Migration Across Disparate and Disjoint Platforms
Optimizes infrastructure utilization and operational efficiency
Reduces hardware and software licensing costs with application and platform consolidation
Allows differentiation in the competitive landscape with innovative solutions
Enhances flexibility with adaptable business processes and improved performance
Enables scalability in line with business needs
Recommended Resources To Explore
Frequently asked questions
Banks have massive amounts of critical user data. To maintain relevance in evolving global marketplace they need to move from inflexible legacy systems to dynamic new-age platforms. This movement, while managing risk and integrity, is called data migration.
Also called the 6 R’s, the steps of migration are: Retire (legacy platform), Retain (necessary processes and data), Rehost (to transform to the new format), Replatform (move the data), Refactor (ensure seamless usability), and Re-architect (designing storage and access mechanisms to maintain scalability).
Migration services are provided by professional migration experts who help businesses manage the complete FinTech cloud migration from strategy to execution. They ensure security, scalability, optimal resource utilization, and zero-customer impact throughout the process and help maintain BAU.
Migration services accelerate and optimize data movement from source to target finance systems. At Opus, we ensure risk assessment and management, data integrity and security, and seamless end-user experience pre- and post-migration. We also provide post-migration support to our clients to help them realize the ROI of platform transition.
Migration to new-age technologies enables FinTechs and BigTechs to elevate the customer experience by providing flexible products and services, accelerating and standardizing transactions, and facilitating omnichannel usage.