Automated iDDA Branch Migration Tool for Account Data Transfer
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Current technologies lack automated solutions for migrating Demand Deposit Account (DDA) accounts and balances from a global instance to a local instance, requiring manual processes that are inefficient and non-compliant with regulatory requirements.
Innovation Solution
A system and method for implementing an interactive iDDA branch migration tool that initiates the migration of dictionary, metadata, and log files, selectively migrates local branch data, cleanses redundant data, and removes local branch data, using a computer processor and memory component to facilitate automated validation and phased migration processes.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of time
If manual approaches are used for migrating accounts and balances from global instance to local instance, then flexibility in handling individual account migrations is maintained, but migration time and operational complexity increase significantly
Solution Approach 1:
The migration tool enables self-service automated migration of accounts and balances from global instance to local instance. The system automatically performs account number generation, balance migration, and data validation without requiring manual intervention for each account, thereby reducing migration time while maintaining controlled complexity through automation.
Solution Approach 2:
The patent replaces manual mechanical processes with an automated computer-based migration tool. The system uses automated scripts and algorithms to perform account migration tasks that previously required manual execution, significantly reducing migration time and operational complexity through systematic automation.
2Productivity
If automated migration tool is implemented, then migration efficiency and compliance are improved, but system complexity and development effort increase
Solution Approach 1:
The migration tool is designed as a universal system that can handle multiple migration scenarios including account migration, balance transfer, and data validation across different instances. By creating a multi-functional automated tool that addresses various migration needs in a single system, the patent improves migration efficiency while managing system complexity through consolidation of functions.
Solution Approach 2:
The system uses parameter-driven configuration to control migration behavior. By changing parameters such as source instance, target instance, account selection criteria, and migration options, the system can adapt to different migration scenarios without requiring separate automated tools for each case, thereby improving efficiency while keeping system complexity manageable through parameterization.
3Loss of information
If all global data is copied to local branch environment, then complete data availability is achieved, but data redundancy and storage requirements increase
Solution Approach 1:
The migration tool implements local quality by selectively migrating only the data relevant to each local branch instance. Instead of copying all global data uniformly, the system identifies and migrates only the specific accounts, balances, and associated data needed for each local instance, thereby ensuring complete data availability for local operations while minimizing data redundancy and storage requirements.
Solution Approach 2:
The system extracts only the necessary data from the global instance for migration to local instances. By using selection criteria and filtering mechanisms, the tool extracts specific accounts and balances that need to be migrated, leaving unnecessary global data in the source system. This extraction approach ensures data availability at the local level while reducing overall data redundancy.
4Reliability
If phased migration process is implemented, then client impact is minimized and migration risk is reduced, but total migration time increases
Solution Approach 1:
The migration tool implements segmentation by dividing the migration process into distinct phases such as validation phase, migration phase, and verification phase. Each phase can be executed independently, allowing the system to migrate accounts in manageable batches. This segmented approach reduces migration risk by enabling validation at each stage while providing options to control the pace of migration, thereby balancing reliability with manageable total migration time.
Data Source
AI summary
An embodiment of the present invention is directed to Branch Migration Tool that migrates accounts in an efficient manner. The Branch Migration Tool enables a user to select and copy key tables within the iDDA Global platform to a local instance. In addition, the Branch Migration Tool is transparent to clients with existing account numbers being retained.