The Hogan System by DXC is a Core Banking Platform that processes daily transactions related to customers, lending and deposit products, financial data, and interfaces with other systems. Hogan consists of different modules (or components) that can be installed as a whole or individually such as:
In each system, Hogan generates daily reports that are critical to business operations. For example, in the Integrated Deposit System (IDS), the DR0042 is a daily report of Transaction Activity in Checking Accounts. It is important to review this report to help identify Active Checking Accounts with Debit Card Transactions. By combining the DR0042 with data from a Deposit Masterfile, the Debit Card Master File, and a Customer Demographics extract, we can create a list of active deposit accounts with debit card transactions.
This process could be time-consuming and can take up to 30mins, but with Monarch the process can be accomplished in significantly less time.