The banking and financial markets have embraced the use of technology to serve client’s more effectively in our digital age. Digital banking involves high levels of process automation and web-based services and may include APIs enabling cross-institutional service composition to deliver banking products and provide transaction .
Emerging technologies have changed the banking industry from paper and branch based banks to ”digitized and networked banking services. Unlike before, broadband internet is cheap and it makes the transfer of data easy and first. Technology has changed the accounting and management system of all banks. And it is now changing the way how banks are delivering services to their customers. However this technology comes at a cost, implementing all this technology has been expensive but the rewards are limitless.
How we optimized BMO’s migration strategy to new environment …below
[expander_maker id=”1″ more=”Read more” less=”Read less”]
1. Ownership of Touchless BPM services and led the migration of all BPM flows
• Migration of all existing touchless US and Canada business processes in to BMO’s new environment.
• Ensure that solutions are supportable, scalable, and require minimal to zero maintenance and are aligned with architectural patterns and technology strategy.
• Participate in all business planning and requirement gathering sessions to understand the business requirements ,
• Review and rebuild any services to meet the business requirements per new architecture.
• Maintain and support Credit , Takedown , DocGen , PreAudit , Booking Automation , Canada and Alternate funding touchless business flows across all environments.
• Develop new functionality per requirements using IBM integration suite i.e Integration designer , WebSphere Process Server , WebSphere ESB , IBM Business Monitor and fix
• Deploy migrated BPM processes and Monitor models to all non-production and production environments, support and troubleshoot any issues post deployment.
2. Define migration strategy and Led the migration of monitor models
• Migration of all existing touchless US and Canada business monitor models in to BMO’s new environment.
• Review existing GE configurations and prepare Cross cell configuration documents
• Design business process monitoring models, define KPI’s, metrics, and build dashboards for the business and IT to use in monitoring (cycle-time, throughput, success) the execution of business processes
• Install and Configure business space widgets for monitoring events generated , alerts and report viewing.
3. Prepare project execution plan with high level and detailed low level tasks, task ownership and estimated effort.
4. Collaborate with business, management, technical teams, operations, service and support teams. Present and communicate complex ideas and features to broad audience.
5. Conduct detailed technical reviews and cost benefit analysis of design options and implementation by the BPM team and provide feedback in a constructive manner.
6. Research, conceive, recommend, and design creative and efficient solutions for optimization of business processes and the ultimate solution architecture.
7. Support the management of specific Transportation Finance project deliverables and outcomes, including managing projects to completion to deliver business objectives.
8. Provide vision and strategy for the evolution of the BPM platform and technology stack.[/expander_maker]