Finastra Assessment Test

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During a core banking transformation project, a project manager identifies that migrating decades of historical customer and transaction data from the legacy system to the new platform is a major hurdle. Which of the following is the MOST significant risk associated with this data migration phase?

The new system having a different user interface. Inadequate training of bank tellers on the new software. Scope creep due to requests for new, unplanned features. Data corruption, loss, or inconsistency during the transfer.

Correct Answer:

Data corruption, loss, or inconsistency during the transfer.

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