CDIC Assessment & Project Delivery Excellence

Case Study

CDIC Assessment & Project Delivery Excellence

Regulatory programs always demand attention, and CDIC was such an ongoing program. Banking Labs was engaged when the program had exceeded the budget and likely miss the mandatory compliance date. The twist of the challenge was to collect the full set of data and then deduplicate the qualified customers.

The Problem

Pressures from timeline, budget, and potentially big penalty made it tricky.

Worsen still was the questionable data quality for eligible accounts and amounts for the eligible depositors. Banking Labs was requested to first refactor the existing faulty implementation, and second, deliver overall CDIC compliance strategy to align FID and RID process for improved resilience and efficiency.

OUR 3-STEP APPROACH:

Accelerated due-diligence was initiated to identify business objectives aligned with synergies and dependencies.
Collaborated with SMEs and business with evidence informed action plan to finalize the CDIC requirements to meet the timelines.
Proposed robust architecture with proven ingestion and consumption patterns for handling risk and loan information for the bank’s retail portfolios.

The Approach

Technology

The turnaround was quick and the transition seamless!

CTO
Leading North American Bank

Technologies Used

Oracle PeopleSoft EPM

Netezza

Ab-Initio

Established sound data instrumentation and architecture, resulting in a 30% improvement in overall performance.
Institutionalized new operating model with business, tech and ops to collaborate OnDemand to address CDIC implementation strategy.
Developed DQEngine with BLTemplate to automate DQ checks and resulted reducing 60% of DQ issue in Prod.
New alert mechanism is introduced at early stage to avoid delays of daily CDIC process and report submission.

CDIC Assessment & Project Delivery Excellence

Case Study