FNB Private Label, part of FNB Corporate & Transactional Banking, has gone live with the upgrade of its VisionPLUS account processing system.
First National Bank (FNB) is the oldest bank in SA and provides a full range of consumer credit products to its constantly growing customer base. FNB Private Label is a growing provider and administrator of third-party branded retail credit cards.
As a specialist credit risk technology partner, PIC Solutions has assisted FNB Private Label with the successful upgrade of its account processing system from the previous generation, Vision21, to the latest VisionPLUS release 8.17.
PIC Solutions is proud to have been associated with this upgrade to what is considered the world's leading account processing system. This upgrade was a highly-complex 20-man-year project, during which close on 2 000 system components were created or customised and more than 5 000 system components were migrated. In addition, approximately 10 million data records were converted.
PIC Solutions personnel, using their extensive experience of the VisionPLUS software and of previous VisionPLUS conversions, complemented the FNB project team to effect this upgrade.
In addition to completing the upgrade, the VisionPLUS 8.17 solution has been implemented, fully-compliant with the new National Credit Act (NCA) compliancy requirements.
Leon Bock, CEO of the Private Label division, states: "We have enjoyed a close working relationship with PIC Solutions for a number of years and we are confident about the future prospects for FNB Private Label now that the more powerful and functionally-enhanced VisionPLUS 8.17 has gone live."
Mike Crawley, Director of Professional Services at PIC Solutions, adds: "This VisionPLUS upgrade included high-level and detailed gap analyses, as well as the complex task of ensuring that the VisionPLUS 8.17 base release software was customised, configured and installed according to plan and specification.
This VisionPLUS project, which was the first upgrade in SA to include full NCA compliance, has successfully gone live - a positive testament to all the teams involved in this project."
Share