Project Vision Document

1. Project Overview

Project Name: Test Republic Bank - Connor

Project Sponsor: Test Republic Bank

Project Manager: Connor

Document Version: 1.0

Last Updated: 05/07/2025

2. Vision Statement

To seamlessly transition all retail banking accounts from Test Republic Bank’s legacy Cobol-based mainframe system to Temenos' Transact cloud-based core banking solution, ensuring zero disruption to client access and operations, while integrating with third-party systems and enhancing user experience through a blue-themed interface by New Year's Eve, 2025.

3. Business Objectives

• Transition 100,000 retail checking and savings accounts to Temenos' Transact
• Ensure zero disruption in client access to accounts during the transition
• Integrate Transact with Paymentus for payments and LendingPad for loan origination
• Automate testing with Selenium to ensure a smooth transition
• Purge and close accounts with $100 or less, issuing refunds via check
• Implement a blue-themed user interface for all client-facing portals

4. Project Scope

In Scope:

• Migration of all account information from the legacy system to Transact
• Integration with Paymentus and LendingPad
• Development of Selenium scripts for automated testing
• Implementation of a blue-themed UX in Transact

Out of Scope:

• Migration of accounts outside of retail checking and savings, CDs, Money Market accounts, mortgages, credit cards, car loans, and other personal loans
• Development of new banking products within Transact
• UX designs using colors other than blue
• Changes to third-party software functionalities beyond integration

5. Stakeholders

• Mike Meier: Project Sponsor
• Connor: Project Manager
• IT Department: Responsible for system integration and data migration
• Operations Team: Ensuring client access remains uninterrupted
• Quality Assurance Team: Responsible for Selenium automated testing
• Customer Service: Communicating with clients regarding account changes and refunds

6. Deliverables

• Fully functional Temenos' Transact system with all accounts migrated
• Integrated systems with Paymentus and LendingPad
• Automated Selenium test scripts
• Purged accounts with $100 or less and issued refund checks
• Blue-themed UX implemented

7. Assumptions

• Clients will have uninterrupted access to their accounts during the migration
• All account data will be accurately migrated without data loss
• Third-party systems (Paymentus and LendingPad) will be compatible with Transact
• The project will be completed by New Year's Eve, 2025

8. Constraints

• Legacy system is over 30 years old and Cobol-based, which may present challenges during data migration
• Strict deadline of New Year's Eve, 2025
• Limited to using only shades of blue in the UX design
• Requirement to automate all testing processes using Selenium

9. Risks

• Risk 1: Potential data loss or corruption during migration
• Risk 2: Integration challenges with third-party systems
• Risk 3: Delays in project timelines due to unforeseen technical issues

Prepared by: Mike Meier

Email: mikemeier@mad-tech.ai

Date: 05/07/2025