Unified Credential Account Migration Across Core Banking Systems
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Solution Overview
Problem
Entities are often locked into single core processing systems, making migration between incompatible systems difficult, costly, and disruptive, especially during mergers or acquisitions, leading to access issues for joint users.
Innovation Solution
A system and method for multi-core account migration that authenticates users into multiple core processing systems using unified credentials, displays user interface elements for seamless migration, and migrates accounts in response to user input, utilizing datapath and access modules to maintain simultaneous access and manage different identifiers and credentials.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If entities use different core processing systems, then each system can be optimized for specific functions, but joint users cannot access accounts at both entities using the same credentials
Solution Approach 1:
The patent introduces an intermediary layer (access module, identity provider, or gateway) that sits between the user and multiple core processing systems. This intermediary handles authentication and credential translation, allowing users to access different systems with unified credentials while each system maintains its own optimization. The intermediary maps user identities across systems without requiring direct integration between incompatible core systems.
Solution Approach 2:
The patent implements a universal authentication mechanism that works across multiple different core processing systems. By creating a common identity verification layer that can translate between different credential formats and system requirements, the system achieves multi-functionality where a single set of credentials provides access to multiple optimized systems without compromising their individual capabilities.
2Adaptability or versatility
If migration between core processing systems is implemented, then entities can transition to better systems, but the process is difficult, time-consuming, and costly
Solution Approach 1:
The patent enables preliminary authentication and account setup in the target system before actual migration occurs. Users can be pre-provisioned with credentials and account structures in the new core processing system while remaining active in the old system. This allows migration to be performed incrementally without forcing complete system switches, significantly reducing migration time and disruption.
Solution Approach 2:
The patent maintains continuous user access throughout the migration process by allowing simultaneous operation in both old and new systems. Users can access their accounts in the legacy system while being progressively migrated to the new system, ensuring uninterrupted service. This continuous operation eliminates downtime and reduces the overall migration timeline.
3Reliability
If complete migration is performed immediately, then users gain full access to the new system, but disruption and cost increase
Solution Approach 1:
The patent implements partial migration where only necessary user accounts and data are migrated to the new system initially, while less critical elements remain in the legacy system. This staged approach allows the organization to achieve full system access for critical operations in the new system while deferring migration of non-critical elements, reducing immediate migration costs and disruption while maintaining reliability for essential functions.
Data Source
AI summary
Apparatuses, methods, computer program products, and systems are disclosed for multi-core account migration. A method includes authenticating a user into a first environment associated with a first core processing system with first electronic credentials for the user. A method includes displaying a user interface element to the user within the first environment. A method includes authenticating the user into a second core processing system in response to user input to the user interface element. A method includes migrating a first account for the user with the first core processing system to a different account for the user with the second core processing system in response to the user input to the user interface element.