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Project Vision Document

1. Project Overview

Project Name: Transact New Implementation II

Project Sponsor: Test Republic Bank

Project Manager: [Project Manager]

Document Version: 1.0

Last Updated: 04/28/2025

2. Vision Statement

The vision of this project is to seamlessly transition Test Republic Bank's account management from a 30-year-old Cobol-based mainframe system to a modern, cloud-based SaaS solution using Temenos' Transact core banking product. This transition will ensure continuous access to accounts for all clients and provide a robust, future-proof banking system by the deadline of New Year's Eve, 2025.

3. Business Objectives

  • Successfully migrate 100,000 retail checking and savings accounts to Temenos' Transact.
  • Ensure zero disruption to client access during the transition.
  • Decommission the legacy mainframe system.
  • Integrate Temenos' Transact with Paymentus and LendingPad systems.
  • Implement Selenium-based automated testing.
  • Design a user interface that exclusively uses shades of blue.

4. Project Scope

In Scope:

  • Migration of all account types including checking, savings, CDs, Money Market accounts, mortgages, credit cards, car loans, and personal loans.
  • Closing and refunding accounts with $100 or less.
  • Integration with Paymentus for third-party payments.
  • Integration with LendingPad for LOS.
  • Development of Selenium code for automated testing.
  • Design and implementation of a blue-themed user interface.

Out of Scope:

  • Upgrades or changes to Paymentus and LendingPad systems beyond integration.
  • Additional color themes or UI designs outside of blue shades.
  • Feature enhancements beyond the core functionalities of Temenos' Transact.

5. Stakeholders

  • Project Sponsor: Test Republic Bank
  • Clients: Account holders at Test Republic Bank
  • IT Team: Responsible for technical implementation and integration
  • Temenos Team: Provider of the Transact product
  • QA Team: Responsible for automated testing
  • Design Team: Responsible for the UI design
  • Regulatory Bodies: Ensuring compliance with financial regulations

6. Deliverables

  • Migration plan and timeline
  • Migrated accounts on Temenos' Transact
  • Closed and refunded low-balance accounts
  • Integrated Paymentus and LendingPad systems
  • Selenium test scripts for automated testing
  • Blue-themed user interface

7. Assumptions

  • All required data from the legacy system is accessible and accurate.
  • Temenos' Transact can handle the volume and complexity of Test Republic Bank's accounts.
  • Integration with Paymentus and LendingPad will be straightforward and supported by these vendors.
  • Sufficient resources (time, budget, personnel) are available to complete the project by the deadline.

8. Constraints

  • Must go live by New Year's Eve, 2025.
  • No disruption to client access during the transition.
  • Exclusively blue-themed UI design.
  • Compatibility with Paymentus and LendingPad systems.

9. Risks

  • Potential data loss or corruption during migration.
  • Integration issues with third-party systems (Paymentus and LendingPad).
  • Insufficient time for thorough testing and validation.
  • Client dissatisfaction if access is disrupted or UI design is not user-friendly.
  • Delays or issues in closing and refunding low-balance accounts.

Prepared by: Mike Meier
Email: mikemeier@mad-tech.ai
Date: 04/28/2025

Document Link
Transact New Implementation II Project Vision Document