Functional Specification Document (FSD) for Temenos Transact Implementation
Table of Contents
- Introduction
- Purpose
- Scope
- Definitions, Acronyms, and Abbreviations
- References
- Overview
- Functional Requirements
- Data Requirements
- User Interface Requirements
- Non-Functional Requirements
- Assumptions
- Constraints
- Acceptance Criteria
- Appendix
- Approval
Introduction
This document provides a detailed Functional Specification for the implementation of Temenos Transact core banking product at Test Republic Bank. The objective is to migrate from the legacy mainframe banking system to a cloud-based SaaS solution without disrupting account access for clients.
Purpose
The purpose of this FSD is to outline the functional requirements for the Temenos Transact implementation, ensuring a smooth transition from the legacy system while maintaining continuous service for customers.
Scope
The scope of this FSD includes the migration of all account data from the legacy Cobol-based mainframe system to Temenos Transact, integration with existing third-party systems, and the design of a user interface compliant with the specified requirements.
Definitions, Acronyms, and Abbreviations
- Temenos Transact: A cloud-based core banking product.
- SaaS: Software as a Service.
- LOS: Loan Origination System.
- UX: User Experience.
- FSD: Functional Specification Document.
References
- Temenos Transact Product Documentation
- Test Republic Bank Legacy System Documentation
- Paymentus Integration API Documentation
- LendingPad Integration API Documentation
Overview
Test Republic Bank's legacy banking system, which is over 30 years old, needs to be replaced with Temenos Transact. The project aims to ensure a seamless transition with no disruption to client access, integrate with third-party systems, and automate testing processes.
Functional Requirements
Requirement 1: Account Migration
- ID: FR-001
- Description: Migrate all account information from the legacy system to Temenos Transact.
- Priority: High
- Source: Legacy System
- Rationale: Ensure all account data is accurately transferred to the new system.
- Acceptance Criteria: All account data must be present and accurate in Temenos Transact post-migration.
- Dependencies: Data Mapping, Data Cleansing
Requirement 2: Minimal Service Disruption
- ID: FR-002
- Description: Ensure no disruption in account access during the migration process.
- Priority: High
- Source: Business Requirement
- Rationale: Maintain customer trust and service availability.
- Acceptance Criteria: Clients must have uninterrupted access to their accounts during migration.
- Dependencies: System Downtime Management, Parallel Run
Requirement 3: Account Purging
- ID: FR-003
- Description: Purge and close accounts with $100 or less, and refund the account holders via check.
- Priority: Medium
- Source: Business Requirement
- Rationale: Streamline the migration process by removing inactive accounts.
- Acceptance Criteria: All accounts with $100 or less are closed and refunds issued.
- Dependencies: Account Balance Verification, Refund Processing
Requirement 4: Third-Party Integration
- ID: FR-004
- Description: Integrate Temenos Transact with Paymentus and LendingPad.
- Priority: High
- Source: Business Requirement
- Rationale: Ensure seamless operation with existing third-party systems.
- Acceptance Criteria: Successful data exchange between Temenos Transact, Paymentus, and LendingPad.
- Dependencies: API Integration, Data Mapping
Requirement 5: Automated Testing
- ID: FR-005
- Description: Implement Selenium scripts for automated testing of the system.
- Priority: High
- Source: QA Requirement
- Rationale: Ensure thorough and efficient testing processes.
- Acceptance Criteria: All test cases successfully automated and executed.
- Dependencies: Selenium Setup, Test Case Development
Requirement 6: User Interface Design
- ID: FR-006
- Description: Design the user interface using only different shades of blue.
- Priority: Medium
- Source: Branding Requirement
- Rationale: Maintain a consistent and professional look.
- Acceptance Criteria: UX adheres to the color scheme requirement.
- Dependencies: UI Design, UX Review
Data Requirements
- Migrate account data including retail checking and savings accounts, CDs, Money Market accounts, mortgages, credit cards, car loans, and personal loans.
- Ensure data integrity and accuracy during migration.
User Interface Requirements
- The interface must use only different shades of blue.
- Ensure usability and accessibility standards are met.
Non-Functional Requirements
- Performance: System must handle concurrent access by all clients.
- Security: Ensure data privacy and protection during and after migration.
- Usability: User-friendly interface with minimal learning curve.
- Reliability: System uptime must be 99.9% during migration.
Assumptions
- All necessary data from the legacy system is available and accessible.
- Third-party systems (Paymentus and LendingPad) support integration with Temenos Transact.
- Sufficient resources are available to complete the project by the deadline.
Constraints
- The project must be completed and go live by New Year's Eve, 2025.
- Budget limitations may affect the speed and scope of implementation.
- Regulatory compliance requirements must be met.
Acceptance Criteria
- Successful migration of all account data.
- No service disruption during migration.
- Integration with Paymentus and LendingPad is fully functional.
- Automated testing scripts are successfully implemented and executed.
- User interface meets the color scheme requirement.
Appendix
- Data Mapping Documents
- API Documentation for Paymentus and LendingPad
- User Interface Mockups
Approval
- Prepared by: Mike Meier
- Email: mikemeier@mad-tech.ai
- Date: 04/29/2025
- Approved by: [Approver's Name]
- Date: [Approval Date]