How SEI helped a financial firm migrate data securely—without the burden of full-time hiring.
Client profile.
A financial services company with about 5,000 employees that specializes in private banking, trust and investment services, traditional and online banking, and commercial banking with approximately $35 billion in assets under administration (AUA).
Migrating data between systems is a challenge. To avoid common pitfalls like data quality issues, security risks, and compatibility issues, a team of experts should be dedicated to overseeing the process. Following a major technology and business transformation, the firm was lacking the internal resources needed to migrate data from their wealth accounting system to the rest of their ecosystem. Rather than temporarily hiring part- and full-time employees, the firm engaged SEI’s Professional Services to augment their workforce.
Through our Professional Services team, the firm gained access to expert resources focused solely on solving their data migration issues. The project team included a senior business analyst, a senior data analyst, three data analysts, and three extract, transform, load (ETL) developers. They were tasked with:
Our project team worked on a nightly basis to transfer the data from the wealth accounting system into the firm’s data repository. This included pushing anti-money laundering (AML) files from the system to the firm to support the firm’s own compliance processes. The team provided imaging and metadata through a content services platform for image retrieval, storage, and archiving purposes. They connected the account performance data from the firm’s top clients to a third-party analytics and visualization platform and transferred pension files from the firm’s previous wealth accounting system to the new platform.
Throughout this process, the team ensured all system data was shared through a secure file transfer protocol (SFTP) to the multiple systems that make up the firm’s ecosystem. Following the completion of their work, the team provided the firm with documentation around the analysis, mapping, technical design, ETL code, test plans, and execution results.
For illustrative purposes only.
Through SEI’s workforce augmentation service, the firm was able to tap into specialized resources—from technical leads to business analysis—to supplement their team. Unlike part- or full-time equivalents, SEI’s project team came without a long-term commitment. By leveraging their technical and industry expertise, these resources helped the firm to successfully complete their migration faster and at a lower operational cost.
Services provided by SEI through its affiliates and subsidiaries.
