During a bank merger, a processing division is successfully integrated with help from VMS
During a bank merger, a processing division is successfully integrated with help from VMS
2 Pages© Copyright 2018. VMS, LLC. All rights reserved. 1 VMS VMS Consulting for the Financial Industry During a bank merger, a processing division is successfully integrated with help from VMS The integration of a securities processing division saves $25 million Customer Challenge One of the biggest challenges of any merger is bringing together different corporate cultures to focus on one common goal. When two major financial firms in New York City were merging, they needed a reliable and experienced partner who could help plan and execute the integration of one of their securities processing divisions — a partner who could manage the entire merger and get both firms to work as one team. Redundant systems, processes, and data needed to be integrated or retired. People from both firms and t
