Validata Group, the leading provider of Validata SAS, the first truly integrated Automation Lifecycle Management (ALM) solution for the Banking and Finance, is pleased to announce that Al Khalij Commercial Bank QSC (Al Khaliji) have successfully implemented Temenos T24™ as their new core banking system with V-Conn.
Al Khaliji is headquartered in Doha and is one of the leading banks in Qatar. The bank took the decision to replace their existing core banking system, SAP, with Temenos T24™ and selected V-Conn to effectively and efficiently manage their migration process, utilizing the extraction, transformation, load and reconciliation engines integrated into the tool.
The project was aggressive against the toughest deadlines, and Validata along with the bank’s team were able to finish on time and on budget setting a record for the first AA migration to finish in less than 9 months.
Vaios Vaitsis, CEO of Validata Group said “Al Khaliji has taken a very strategic view on migration and we’re delighted that they have selected Validata as a partner to help deliver in that area, and to have been recognized for the value that our products and services brought to their project.”
About Validata Group
Validata Group is the leading provider of Validata SAS, the first truly integrated Automation Lifecycle Management (ALM) solution for the Banking and Finance sector. Validata SAS is a central platform of integrated tools, agnostic of any software, database, UI and APIs designed to validate Core Banking Systems, aligns testing to business processes and/or requirements whilst improving productivity and automation coverage, achieving reduced test cycle times in all phases of testing and enhanced ROI.
Unlike traditional tools where the underlying technical details of tests are not clearly partitioned from the business intent of tests, Validata SAS has a clear division between technical detail and high level business flow modeling which makes the delivery of reusable automated test suites and its maintenance an inexpensive and simple task.
The company is a Temenos partner since 2005, Global Testing Partner since 2008. It is the only Certified Temenos Partner on all three Validata product suites for Testing, Legacy Migration and Build & Configuration Management.
Validata Group has offices in Athens, Sofia, London, Mexico and Cyprus.
For more information visit www.validata-software.com
About al khaliji
al khaliji is Qatar’s pioneer “next generation bank”, offering a full range of conventional banking products and services to premium, business, corporate and international customers in Qatar, UAE and France.
Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange since 2007, with QR 41.3 billion in total assets and QR 19.9 billion in customer deposits as of December 31, 2013.
al khaliji products and level of service reflect the Bank’s belief that to be a successful financial institution, the Bank must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
al khaliji was awarded with a positive Fitch Rating. With a Long Term Issuer Default Rating of ‘A-’ and a Short Term Issuer Default Rating of ‘F2’, this facilitates streamlined access to resources all over the globe.
Achieving financial objectives is critical to sustaining prosperity in any market, at al khaliji long-term sustainability is maintained by balancing the commitment to achieving results with the commitment towards the development of people and the community.
Visit www.alkhaliji.com to discover the latest ‘next generation bank’ news and information.