Prague, 1 August 2023 – In a transaction valued at over CZK 41 billion, Ness Czech played a crucial role in the seamless migration of Sberbank CZ’s loan portfolio to Česká spořitelna. Following the liquidation of Sberbank CZ in May 2022 and the subsequent acquisition of its cleared loan portfolio by Česká spořitelna in December 2022, Ness Czech joined the project in January 2023 to support the transfer.
The migration involved more than 30,000 clients, including 3,000 corporate and 27,500 individual borrowers, along with their associated documentation, such as statements and collateral. Ness Czech worked closely with Sberbank CZ’s internal team, offering its expertise in banking systems and ensuring that the transition was both efficient and minimally disruptive to clients.
Smooth Technical Execution and Data Quality Assurance
“By mid-February, we had completed the first technical transfer of data, which underwent rigorous testing and fine-tuning over the next two months,” said Martin Silvička, CEO of Ness Czech. “Our primary focus was ensuring the highest quality data for the migrated portfolio. We leveraged our in-depth knowledge of the systems and environments of both banks to meet this goal.”
The process required meticulous planning to ensure uninterrupted operation of Sberbank CZ’s internal systems during the migration. The project culminated in a successful data transfer in late April 2023, allowing clients to transition seamlessly from repaying loans at Sberbank CZ to Česká spořitelna starting in May 2023.
Agile Development and Data Monitoring
Ness Czech implemented an agile approach to the development of the loan data transfer solution. This included reconciling balances in data warehouses with the accounting general ledger to eliminate inconsistencies and guarantee data accuracy. Automated credit tests were conducted to validate data against the agreed-upon portfolio, ensuring that issues could be identified and resolved efficiently.
Given that data preparation occurred on top of the live production environment, where current transactions were being processed until the final stages, Ness Czech monitored data quality daily to maintain integrity throughout the migration process.
Exceptional Collaboration and Client-Focused Results
Despite challenging circumstances, Sberbank CZ’s internal team, supported by Ness Czech, maintained a strong focus on client satisfaction. “Even in this difficult situation, the Sberbank CZ team went above and beyond to meet the specific needs of their clients. Our collaboration with Ness Czech was instrumental in successfully migrating the loan portfolio to Česká spořitelna within the tight timeline,” said Jindřich Horníček of Sberbank CZ, who oversaw the migration project.
About Ness Czech and Ness Digital Engineering
Ness Czech, a premier system integrator and part of the global Ness Digital Engineering group, is a leading IT service provider in the Czech Republic. Since 1993, the company has been at the forefront of innovative technology and software product implementation, serving major clients like O2 Czech Republic, Komerční Banka, and ČÚZK. Ness Digital Engineering operates offices in Prague, Brno, and Ostrava, employing over 260 professionals and generating annual revenues exceeding CZK 835 million.
Its parent company, Ness Digital Engineering, provides cutting-edge IT solutions globally, employing over 4,500 professionals across 11 innovation centers in North America, Europe, the Middle East, and Asia.
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