Any core banking system replacement is akin to changing engines while at 30,000 feet, and demands deep insight and specialist skills to deliver the transformation on time. Cedar’s Core Banking Center of Excellence is driven by its rich and deep understanding of the intricacies of core banking system selection and implementations, enriched over 40+ large transformation experiences, and powered by the insights of over 70+ suppliers through its Fintech Research unit, IBS Intelligence.
Cedar helps its clients through the core banking journey, right from the definition of the application architecture, selection of the right supplier, assistance in its contractual review and in program managing the execution using its proprietary C-SCORE toolkit. Powered with the global knowledge of over 70+ case studies, and year on year performance of all leading suppliers profiled in the iconic IBS Sales League Table, Cedar’s center of excellence brings with its 100+ man years of global core banking rollout experience.
Cedar’s RAPID framework allows for a holistic and comprehensive assessment of the core banking rollout readiness of the bank, with an assurance review across its Resources, Application, Processes, Infrastructure and Data. The PMO framework of Cedar, leveraging AGILE methodology is powered by its own automation tool, PRIMA 2.0 that embodies all the key steps involved through any core banking implementation, including requirement definition, customization, data migration, testing, training, business simulations and final cut-over.
With a repository of over 1000+ core banking system aligned process definitions across all leading suppliers in its proprietary PROFIT toolkit, Cedar’s Core Banking COE facilitates in a rapid change management by empowering users with an easier adaption to any new platform, both for conventional and Islamic banks.
With a respository of over 30+ thought leadership articles and over 5 detailed reports from its IBS Intelligence knowledgebase, Cedar’s Core banking Center of Excellence is driven with a team that include research analysts and consulting practioners who bring more than 20+ years of experience, helping clients to select its right solution partner, and implement effectively.