Company: ATB Financial Vendor: SAP
System: Deposits Management, Loans Management Summary
Type of financial institution: State-owned FI focused on retail banking, corporate banking and investment management services
Headquarters: Edmonton, Canada Branches: 172 branches and 135 agencies Assets: CAD 43.1 billion ($30.8 billion) Project
Overview Canada-based ATB Financial has more than 5,300 employees and offers retail banking, corporate banking, business and agriculture and investment.
ATB had a fraught few years implementing the SAP for Banking suite. The platform consists of the Loans Management
lending system Management deposits system. scope: Core software overhaul for retail and
corporate banking, head office and branches System/vendor replaced: Cobol-based legacy system
System/vendor installed: Deposits Management and Loans Management (also known as SAP for Banking) from SAP Functionality: All
major including loans and deposits
Interfaces: SAP’s middleware, SAP Bank Analyzer, SAP CRM, SAP’s payment engine, GL Selection team: Bank Selection time: One year Installation team: Bank, vendor, integrator Installation time: Two years Level of satisfaction: Fairly high
8 banking services modules,
The project, initiated in spring 2008, experienced delays and budget swelling, but is now complete and the bank is benefiting from the IT transformation in more ways than one.
Its 25-year-old Cobol-based legacy system could not keep up with the pace of what its customers wanted, and it jeopardised its plans for future growth.
Adding fuel to the fire, ATB’s legacy system was also
becoming Selection
ATB needed to make a bold decision and the selection process for the core replacement was set in motion in early 2007.
Over the last decade, ATB’s balance sheet had doubled in size.
‘We had more customers and we had expanded into new lines of business, but our legacy system constrained our business plans. We needed a system that was flexible, scalable and could enable us to develop,’ said COO, Curtis
Core Banking Systems Case Studies: North America
www.ibsintelligence.com more cost prohibitive to maintain. and the Deposits
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