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  5. Java-based database solution improves business reporting of AMP Financial Services New Zealand

Java-based database solution improves business reporting of AMP Financial Services New Zealand

"One of the key deliverables was for Fujitsu to project manage the entire process, including working with other vendors. It handled this collaboration effectively, ensuring we kept on track to meet the deadline."

Geoff Dodds, Applications Development Manager, AMP Financial Services New Zealand

The customer

AMP Financial Services New Zealand (AMP) is a wealth management company that provides quality financial advice to its customers through a broad range of products including financial planning, investments and superannuation. With approximately 693,000 customers in New Zealand, AMP is New Zealand’s largest provider of workplace savings schemes and is a default KiwiSaver provider.

The challenge

In order to meet upcoming government regulations, AMP needed to find a way to extract and compile data from a diverse and complex number of financial product databases.

The solution

AMP asked Fujitsu to design a Java-based reporting solution which would harvest data from each of the core systems and integrate it into a central database.

The benefit

  • Project completed on time within a strict six month deadline, ensuring AMP was able to meet its regulatory obligations
  • Fully automated system means the AMP IT team can concentrate on other tasks
  • AMP was able to easily extend its existing technology framework to meet new FATCA regulations quickly and cost-effectively
  • Solution pulls data once a week outside office hours, without disrupting day-to-day operations