In this video Chryssa Halley explains how Fannie Mae undertook an important technological transformation, migrating away from numerous legacy systems, including some from the 1980s, towards a consolidated, simplified and more efficient operating model.
After implementing SimCorp Dimension, Fannie Mae realized several gains including:
- Reduced system footprint by almost 60%
- Reduced system interfaces by 50%
- Reduced manual processes by 80%
- Redeployed 50% of staff to more value-added responsibilities
We’re not working so much on validations and now we’re focused on analytics and value added activities Chryssa Halley, SVP & Controller, Fannie Mae