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CBS Implementation, Core banking
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Raj BankUniversal Core Banking System FCBS
FINCBS INCCore Banking Implementation &
Upgrades
Implementation Overview
1 CBS Selection
LEVEL 1
2Tech. Implementation
LEVEL 2
3Walk Through
LEVEL 3
4Go Live & Support
LEVEL 4
OBJECTIVES
APPROACH
BUSINESS RESULTS
INFORMATION GATHERING
INTERFACE DESIGN & DEVELOPMENT
PARAMETERIZATION
CUSTOMIZATION
MIGRATION
SIT & UAT
BUSINESS USER TRAINING
BUSINESS MANAGE
MENT APPROVALS
CHECKLIST
BUSINESS SIGNOFF
GO LIVE
PGLS
Core
Ban
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RESULTS
LEV
ELS
FINCBS FINCBS FINCBS FINCBS
BIFURCATION
LEVEL
Objectives To select the right core banking system vendor To get the best deal To ensure that the right contract with a tightly
defined scope of work is put in place
Approach Selection of a shortlist either through an RFI
(Request for Information) process or using Bank defined criteria
Definition of a comprehensive set of functional and technical requirements based on an existing best practice model
Development of a comprehensive Request for Proposal which controls the vendor’s response in a consistent format. This is based on best practice templates developed over many previous assignments
1LEVEL
1
2LEVEL
2
3LEVEL
3
4LEVEL
4
1STAGE 1
FINCBS
CBS Selection
Core
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Up
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LEVEL
Approach Customization of an evaluation model built around
our predefined criteria Initial response review, vendor demonstrations and scoring of shortlisted vendors
Development of customized scripted scenarios based on our best practice templates
Reference site visits Final Selection decision Contract negotiation and final vendor due diligence Program setup and governance advice Development of a risk management framework On-going implementation reviews
1LEVEL
1
2LEVEL
2
3LEVEL
3
4LEVEL
4
1STAGE 1
FINCBS
CBS Selection
Core
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LEVEL
Business Results Detailed and systematic with key review points Openly competitive for vendors Presents a unified front to the vendors Input from various parties to balance various
perspectives Detailed evaluation model providing a consistent
framework Detailed collaboration – not a consultant driven decision
Key Issues What do we really need in terms of functionality? What are the key criteria that we should be looking for? How will we evaluate the vendor responses in a
Consistent manner? What role will reference site visits play in the process? How will we negotiate with the vendor to get the best
price without damaging service delivery?
1LEVEL
1
2LEVEL
2
3LEVEL
3
4LEVEL
4
1STAGE 1
FINCBS
CBS Selection
Core
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g Im
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gra
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LEVEL
Information gathering
Our consultants cover all complexities, ensuring the core banking solution meets every current and future requirement. We have a process driven approach and partner with our clients through the entire life-cycle of the solution deployment which is extensively covered in information gathering phase.
Key Areas Business Requirement Gathering GAP Analysis Business Process Re-engineering
1LEVEL
1
2LEVEL
2
3LEVEL
3
4LEVEL
4
1STAGE 1
FINCBS
CBS Selection
Core
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men
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Up
gra
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LEVEL
Benchmarking Once the business requirement is finalized, robust
technical implementation plan is generated which covers infrastructure to parameterization of banking products.
Key Areas
Interface design and development
Parameterization
Customization
Data conversion and migration
User Acceptance Testing (UAT) and System Integration Testing (SIT)
1LEVEL1
2LEVEL
2
3LEVEL
3
4LEVEL
4
2STAGE 2
FINCBS
Technical Implementation
Core
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LEVEL
Business Satisfaction
At this stage, our consultants take the bank users through the live system showing them the functions and features and how the application can be used in various day to day practical scenarios
Key Areas
Business User Training
Across organizational hierarchy within the bank/branch
Across business departments
Comprehensive Coverage
Anywhere/Anytime Training
1FEL 1
2FEL 2
3FEL 3
4FEL 4
3STAGE 3
FINCBS
Walk Through
1LEVEL
1
2LEVEL
2
3LEVEL
3
4LEVEL
4C
ore
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men
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Up
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des
LEVEL
Go Live & Post Go Live Support
With proper approval from business team and bank management the go live activity is planned with staged parallel runs to check compatibility of the new version in live environment.
Key Areas
Implement Go-Live Checklist Post Go Live Support
Through Post-Go-Live Operations Consulting, your IT team
Intangible Benefits with PGLS
1LEVEL
1
2LEVEL
2
3LEVEL
3
4LEVEL
4
4LEVEL 4
FINCBS
Go Live & Support
Core
Ban
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g Im
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men
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Up
gra
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THANK YOU