Business Requirements Document (BRD)

Table of Contents

1. Introduction
2. Business Objectives
3. Project Scope
4. Stakeholder Analysis
5. Requirements
   • Functional Requirements
   • Non-Functional Requirements
6. Assumptions
7. Constraints
8. Risks
9. Glossary
10. Appendices
11. Approval

Introduction

This Business Requirements Document (BRD) outlines the implementation of Temenos' Transact core banking product to replace Test Republic Bank's legacy mainframe banking system. The document details the business objectives, project scope, stakeholder analysis, requirements, assumptions, constraints, risks, glossary, and approval process.

Business Objectives

The primary business objectives of this project are:

• To migrate all retail checking and savings accounts from the legacy mainframe system to Temenos' Transact core banking product.
• To ensure that the migration process does not disrupt customer access to their accounts.
• To decommission the legacy system and transition to a cloud-based SaaS solution.
• To complete the implementation by New Year's Eve, 2025.

Project Scope

In-Scope:

• Migration of all account information from the legacy mainframe system to Temenos' Transact.
• Integration of Transact with third-party payments software (Paymentus) and Loan Origination System (LOS) (LendingPad).
• Automation of testing using Selenium.
• Purging and closing of accounts with $100 or less and refunding the account owners by check.
• Ensuring the UX design uses only different shades of blue.

Out-of-Scope:

• Migration of any non-retail banking accounts.
• Changes to third-party software functionalities other than integration with Transact.

Stakeholder Analysis

Internal Stakeholders:

• Project Manager
• IT Department
• Operations Team
• Customer Service Team
• Compliance Team

External Stakeholders:

• Temenos Implementation Team
• Paymentus Integration Team
• LendingPad Integration Team
• Customers of Test Republic Bank

Requirements

Functional Requirements

1. Requirement ID: FR-001

   • Description: Migrate all retail checking and savings accounts from the legacy mainframe system to Temenos' Transact.
   • Priority: High
   • Source: Business Objective

2. Requirement ID: FR-002

   • Description: Ensure customer access to accounts is uninterrupted during the transition.
   • Priority: High
   • Source: Business Objective

3. Requirement ID: FR-003

   • Description: Integrate Transact with Paymentus for payment processing.
   • Priority: High
   • Source: Integration Requirement

4. Requirement ID: FR-004

   • Description: Integrate Transact with LendingPad for loan origination processing.
   • Priority: High
   • Source: Integration Requirement

5. Requirement ID: FR-005

   • Description: Purge and close accounts with $100 or less and send refund checks to account owners.
   • Priority: Medium
   • Source: Business Objective

Non-Functional Requirements

1. Requirement ID: NFR-001

   • Description: The UX design should use only different shades of blue.
   • Priority: Medium
   • Source: Aesthetic Requirement

2. Requirement ID: NFR-002

   • Description: All testing must be automated using Selenium.
   • Priority: High
   • Source: Testing Requirement

Assumptions

• All account data is complete and accurate.
• Third-party software vendors (Paymentus and LendingPad) will support the integration efforts.
• Necessary resources (hardware, software, personnel) will be available throughout the project duration.

Constraints

• The project must be completed and go-live by New Year's Eve, 2025.
• The migration process must not disrupt customer access to their accounts.

Risks

• Data migration errors could lead to account discrepancies.
• Integration issues with third-party software could delay the project.
• Insufficient testing could result in system failures post-implementation.

Glossary

• SaaS: Software as a Service
• UX: User Experience
• LOS: Loan Origination System
• Selenium: A testing framework for web applications

Appendices

• Detailed Project Plan
• Data Migration Strategy
• Integration Testing Plan

Approval

• Prepared by: Mike Meier
• Email: mikemeier@mad-tech.ai
• Date: 04/29/2025
• Approved by: [Approver's Name]
• Date: [Approval Date]

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This document provides a comprehensive overview of the requirements and objectives for the implementation of Temenos' Transact to replace Test Republic Bank's legacy mainframe banking system.