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Project Vision Document

1. Project Overview

Project Name: Temenos Transact Implementation - D

Project Sponsor: Test Republic Bank

Project Manager: [Project Manager]

Document Version: 1.0

Last Updated: 05/06/2025

2. Vision Statement

The vision for the Temenos Transact Implementation - D project is to seamlessly transition Test Republic Bank's 100,000 retail checking and savings accounts from our legacy 30-year-old Cobol-based mainframe system to the cloud-based SaaS solution, Temenos' Transact, without any disruption to client access. The project aims to modernize our banking infrastructure, ensuring a smooth go-live on New Year's Eve 2025, while maintaining full operational functionality and customer satisfaction.

3. Business Objectives

  • Transition 100,000 retail checking and savings accounts to Temenos' Transact cloud-based solution.
  • Ensure uninterrupted access for clients during the transition.
  • Complete the system go-live by New Year's Eve 2025.
  • Automate testing using Selenium for efficiency and accuracy.
  • Integrate Temenos' Transact with Paymentus for third-party payments and LendingPad for loan origination.
  • Enhance user experience with a blue-themed UX design.
  • Purge and close accounts with $100 or less, refunding the owners by check.

4. Project Scope

In Scope:

  • Migration of all retail checking and savings accounts to Temenos' Transact.
  • Integration with Paymentus and LendingPad systems.
  • Development of Selenium automated testing scripts.
  • UX design adhering to the blue color scheme.
  • Purging and closing accounts with $100 or less.

Out of Scope:

  • Migration of non-retail accounts (business accounts, etc.).
  • Development of new features outside of Temenos' Transact standard offerings.
  • Changes to third-party systems outside of Paymentus and LendingPad integrations.
  • Any non-automated testing methods.

5. Stakeholders

  • Test Republic Bank Executives: Oversight and strategic alignment
  • Project Manager: Project execution and coordination
  • IT Department: Technical implementation and support
  • Customer Service Department: Client communication and support
  • Temenos: Solution provider
  • Paymentus: Third-party payment system provider
  • LendingPad: Loan origination system provider
  • Clients: End-users of the banking services

6. Deliverables

  • Fully operational Temenos' Transact system.
  • Migrated data from legacy system to Transact.
  • Integrated Paymentus and LendingPad systems.
  • Selenium automated testing scripts.
  • UX design conforming to the blue color scheme.
  • Closed and refunded accounts with $100 or less.

7. Assumptions

  • All necessary resources will be available for the project duration.
  • Existing data on the legacy system is accurate and complete.
  • Third-party systems (Paymentus and LendingPad) will be compatible with Temenos' Transact.
  • Clients will be informed and supported throughout the transition.
  • Necessary regulatory approvals will be obtained in a timely manner.

8. Constraints

  • Strict go-live deadline of New Year's Eve 2025.
  • Existing legacy system's limitations and potential data quality issues.
  • Budget constraints for the project.
  • Dependencies on third-party systems and their timelines.
  • Maintaining uninterrupted client access during the transition.

9. Risks

  • Potential data migration issues from the legacy system.
  • Integration challenges with Paymentus and LendingPad.
  • Possible delays in meeting the go-live deadline.
  • Client dissatisfaction due to any disruptions during the transition.
  • Budget overruns due to unforeseen challenges or requirements.
Document Link
Temenos Transact Implementation - D Project Vision Document