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Evaluation and implementation of a new core banking system and concurrent expansion of the product offering of a direct bank Result Realisation - approach

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© GREIFZU ASSOCIATES management consultants GmbHEvaluation and implementation of a new core banking system and

concurrent expansion of the product offering of a direct bank

Result

Realisation - approach

Initial situationCompanyTask

During the concept and the following

implementation phase the following tasks were taken over: •

Overall program management, overall

project and resource planning over all project phases

Definition of the functional and technical

designs cross all processes and systems

Requirement specification by means of

reviewed and approved business concepts

Planning, development and integration

of enhancements and parameterization in the system

Support of the management of the bank

in contractual negotiations with suppliers which had to develop and deliver changes and enhancements within the different IT systems

Test management and execution

Evaluation of new system components

To realize unused business potentials, the

executive committee of the bank decided to enhance the banks core banking capabilities.

The existing core banking system could

not provide the required functions and had after 10 years also crossed its technological life cycleGerman Direct Bank•

Program Management onside at the

client and Coordination of the implementation activities by the external supplier (offshore)

Management and steering of all

business and IT projects

Management of critical Business and IT

projects

Detailed project and resources planning

over all project phases

Functional and technical design over all

processes and systems

Functional and technical concepts as

specifications for system adaptation

Decision bases for the selection of new

system components

Business processes

Preparation of the bank organization for

the new products and systems

Successfully implemented core banking

systemquotesdbs_dbs17.pdfusesText_23