A large U.S. bank trusted Vaco to work with customer data and migrate and onboard 23M+ customer accounts and brokerage portfolios in only 9 months. And it was done without downtime.
Large U.S. Bank
When two large U.S. Banks needed to merge customer profiles and investment portfolios from multiple enterprises, they needed a safe, secure process to migrate data and onboard profiles. Since the information was sensitive, data security was a major concern and a non-negotiable. There was a high standard for quality control and assurance with an acceptable margin of error at 0%. With an anticipated timeline of 36 months, our Vaco team rose the challenge and completed the project – safely and securely – with limited downtime and in only nine months.
Vaco executed the consolidation of 23M+ customer accounts, 7M+ relationships, and $1T+ in assets in only 9 months, and the migration was completed during a 72-hour window outside of market trading hours.