Core banking system implementation proposal

Abstract

The purpose of this article is to provide an analysis and a methodology for the implementation of a new CCBS (Centralized Core Banking System) for a Retail Bank. This article has been written based on the highest evaluation standard set by institutions like World Bank for such systems implementation. The scope of work, that will be defined in this article identifies all components and work required for the proposed implementation under this article. The proposed CCBS solution will be implemented based on a phased approach implementation methodology. The implementation team will undertake a confirmatory analysis of functionality during the Inception Reporting period and also illustrate how data will be migrated from the legacy systems into the new CCBS. Banking IT personnel will receive advanced administration training to become experts on subjects matter for using and administrating this product so they can act as the first line of support to the bank. Keywords: Core Banking; Digital payments; Training.