LFS MicroBank System® under the .NET framework (MBS.NET)
2012-12-31 - 2017-11-30
Since 2006, LFS is providing AccessHolding network banks with the self-developed core banking system LFS MBS and affiliated services and support. The LFS MicroBank System® is an integrated software package able to manage all banking operations. Based on a unique database (SQL server), the system provides online information on all customer and internal accounts throughout the branch network. Where necessary, interfaces are created to outside software solutions, e.g., for electronic card or money transfer operations. The system consists of a number of modules that can be independently modified in each institution: administration, clients, credit, cash, deposits, accounting, MIS.
LFS MBS is based on the Microsoft FoxPro infrastructure. According to the announcement by Microsoft, further development and support of FoxPro will be discontinued by the end of 2014. In order to continue delivering and servicing MBS to the network banks, LFS started the conversion of MBS from its old programming language (FoxPro) to a state-of-the-art software development framework (Microsoft .NET).
The conversion will be carried out while maintaining the same functionalities and the same business processes of MBS. The same database structure based on Microsoft SQL Server will also be maintained. Nevertheless, the conversion will not be done verbatim, but the processes and product structure will be harmonized and prepared for future developments. As opposed to the two-layer architecture (Database and User Interface layers) of the current system, MBS.NET will have an extra layer (Business layer), which will incorporate the standard workflow of all the business processes.
The development phase of the project is planned to last 12 months, and according to the project budget more than 2,000 man-days will be invested in this phase. Following the development phase, implementation of MBS.NET will start in the second quarter of 2014, and during the remaining nine months of 2014 all the six African AccessBanks will migrate to the new core banking software. MBS.NET will offer the AccessBanks a future-proof core banking system adapted to their needs and their financial and operational constraints.
Description of Actual Services Provided within the Assignment:
Business analysis and business requirements definition
Project development, staffing and coordination plans
Software architecture definition and software development
Software maintenance and update
Comprehensive set of project management and project control tools, adapted to complex software projects:
Tools for managing software development process
effort tracking tool
software testing management and reporting tool knowledge base