EVERTEC
EVERTEC is the leading, full-service transaction processing business in Latin America and the Caribbean. Headquartered in Puerto Rico, the company provides a broad range of merchant acquiring, payment processing and business process management services across 19 countries in the region.
“A neighboring bank in Puerto Rico attempted a similar project and it took them two years—with Informatica, we were able to integrate the new bank customers in three months.”
— Miguel Mercado Morales, Chief Information Officer, EVERTEC
Business Need
Lower time and cost associated with integrating acquired assets of Westernbank Puerto Rico into Banco Popular.
Reduce Banco Popular’s risk: previously, the bank’s collections department budgeted $12 million for losses arising from customer defaults.
Comply with PCI standards for card payment transactions.
Attract, win and grow customers.
Challenges
Extract, transform and load Westernbank data (including data on 400,000 customers) into Banco Popular platform in one weekend.
Integrate data from 18 systems, including customer, account, mortgage and loans (residing in AS/400, SQL Server, DB2, flat files and others).
Solutions & Results
Saved $9 million through acquisition real estate savings, reuse and lower development costs.
Successfully integrated 400,000 customer accounts from acquired bank in one weekend.
Ensured the bank’s compliance with PCI data privacy mandates and regulations.
Lowered cost of creating accurate, timely banking data hub by $800,000 in one year.
Reduced customer reporting latency from 45 days to one day.
Increased customer collections by $2.5 million and lowered risk.
Enabled bank to better attract, win and grow customer base.
Products & Services
Informatica PowerCenter
Accesses, integrates, and delivers any and all data quickly and cost-effectively, without hand coding.
Informatica PowerExchange
Accesses mission-critical data and delivers it throughout the enterprise wherever it’s needed, on any schedule.
Success Stories
M.D. Anderson Cancer Center
Informatica empowered scientific and clinical collaboration at this renowned cancer center by turning data into knowledge and facilitating self-service business intelligence