Raj BankUniversal Core Banking System FCBS

FINCBS INCCore Banking Implementation &

Upgrades

www.fincbs.comcbs@fincbs.com

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

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RESULTS

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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

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CBS Selection

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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

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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?

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CBS Selection

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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

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CBS Selection

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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) 

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Technical Implementation

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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

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FINCBS

Walk Through

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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

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THANK YOU