Shaw Systems Plays Key Role in Helping TD Bank Accommodate Portfolio Growth

TD bank

 

Shaw Systems Plays Key Role in Helping TD Bank Accommodate Portfolio Growth

BACKGROUND
In early 2009, TD Bank began the process of converting the data of recently acquired Commerce Bancorp. A key part of the project was the conversion of Commerce Bancorp’s large commercial loan portfolio onto TD Bank’s COMMERCIAL™ platform.

After Toronto-Dominion Bank acquired Commerce Bancorp in March 2008, the merged-institution project team conducted an extensive and thorough analysis, examining every aspect of proposals and product demonstrations in order to determine which commercial lending system would fully address the needs of the new organization. Shaw’s COMMERCIAL application became the system of choice for TD Bank’s U.S. banking operations, which includes the former TD Banknorth.

TD Banknorth had been using Shaw’s COMMERCIAL solution in its Commercial Loan Operations area for almost three years to achieve enhanced system functionality, operational efficiency, and reduced operating costs.

CHALLENGE
By mid-2008, TD Bank was faced with increased loan volumes and needed to streamline their offline production times due to the new TD Bank/Commerce Bancorp commercial portfolio size

SOLUTION
Shaw Systems was engaged directly by TD Bank to analyze the current offline run time environment and deliver tuning improvements to meet the bank’s current and future needs.

In early 2009, TD Bank began converting Commerce’s large commercial loan portfolio onto the COMMERCIAL platform.

RESULTS
Shaw’s COMMERCIAL system is a robust product that can scale to accommodate larger portfolios. As a result of Shaw’s system analysis and tuning, TD Bank exceeded its operating targets.
• Critical-path run times were improved by 62.5%.
• The batch window run time was reduced by 50.85%.
• The successful solution was delivered by Shaw on time and 31% under budget.

 

“This was truly a fantastic result, everything I had hoped. The combination of excellent product management and a talented development team resulted in a job well done.” 

Senior TD Bank Financial Group staff member