Absa Group Limited, a South African financial services provider, announced that it has successfully migrated the banking platform used by six of its African subsidiaries situated in Botswana, Ghana, Mauritius, Barclays Tanzania, Seychelles and Zambia.
The banking platforms will be migrated from Barclays Plc’s data centre in the United Kingdom to Absa’s data centre in South Africa.
The development, which took place from April 12 to 14, entailed moving customer transaction-processing capability and data from IT systems owned and housed by Barclays to systems owned by Absa in South Africa.
Banking services were temporarily unavailable during the migration, but customers had been informed in advance so they could make alternative arrangements. Normal operations resumed on Monday, 15 April, with all branches open and all digital channels and ATM services fully restored.
The Chief Executive: Engineering Services at Absa Group, Paul O’Flaherty said “the successful completion of the project, which was large and complex and one of our key Platinum projects, is another significant milestone in Absa’s separation from Barclays, due for completion in June 2020”.
He added that “this demonstrates our commitment and capability in ensuring an orderly separation”.
The migration unlocks a number of benefits, including an upgrade of the bank’s hardware infrastructure, enhanced resilience and preparation of systems in line with Absa’s Application Programming Interface (API) strategy.
The knowledge transfer from the Barclays Plc technical team to local resources will also enable additional flexibility and scalability, and reduce a number of risks.