Industry: Banking
Summary
A major United States bank strategically bolstered its assets by over $80 billion through the acquisition of a regional banking institution. Post-acquisition, the challenge was to merge systems and customer accounts. The solution involved migrating over 1 billion legacy items to the Viewpointe Archive within a remarkable 5 weeks. Viewpointe’s effective project management execution resulted in a smooth process, handling a daily load of 50 million items with strategic operational oversight to avert any disruptions to service.
About
In late 2021, a prominent United States bank revealed its intent to acquire a key regional banking institution, marking a strategic consolidation of two major entities with a shared vision of leadership on the West Coast, particularly in California, Oregon, and Washington.
The acquisition, completed by the close of 2022, not only elevated the purchasing bank’s assets by over $80 billion but also integrated over 1 million consumer bank accounts and nearly 200,000 small business customers into its portfolio.
Viewpointe powers swift integration, migrating over 1 billion legacy items for major national bank’s $80 billion asset surge
Challenge
Post-acquisition, the challenge was to merge systems and customer accounts by a designated date when both entities officially consolidated to serve a newly merged customer base.
Solution
At the heart of the seamless integration was the trusted partnership with Viewpointe, a key ally in executing complex migrations with unparalleled expertise. Viewpointe specializes in secure, compliant content services for highly regulated, large-volume enterprises.
The solution encompassed configuring an ingestion environment, executing the data migration via portable drives, providing data reconciliation processing and securing infrastructure readiness to support a data set of over a billion items.
Results
The results included migrating over 1 billion legacy items spanning 7 years in just 5 weeks, achieving a daily load of 50 million items. Viewpointe’s technical expertise, rigorous project management and leadership, and attention to detail made this a smooth transition.
Viewpointe’s commitment to excellence and strategic collaboration played a vital role in the success of this endeavor, reinforcing its position as a trusted partner for navigating intricate financial transitions.
