Move a business-critical application from the mainframe onto a more cost-effective Windows platform. Dexia Crediop wanted to innovate while minimizing any risk to its business.
To comply with banking and government institutions, (ECB and Banca d’Italia requirements among others) Dexia Crediop operates a set of statutory reporting applications in support of operational and financial control. This application is mainframe-based and was developed in-house using COBOL in the mid 2000s. Its daily batch operation reports on any bank actions which warrant further investigation.
Marco Pavonio, IT Manager at Dexia Crediop, explains the importance of the application: “Although this is just one of the applications in our portfolio, it’s quite complex and, above all, it is of critical importance as the consequences of non-compliance are far-stretching and could include financial sanctions and even operational suspension, so business continuity is of vital importance to us. However, our current IT strategy is moving away from the mainframe and we looked to consolidate our IT systems onto a more cost-effective platform. We wanted to innovate while minimizing any risk to our existing business operations.”
In order to achieve business innovation and cost reduction, Dexia Crediop initially looked at rewriting its mainframe application but soon found this was a high-risk strategy which came with a big price tag and a two year project time scale.