Product Description

The Core Banking Transformation Toolkit is a comprehensive and in-depth set of project deliverables, including sample/Pro-forma content, tools, and templates that can be used by any bank embarking on a core banking transformation and customize the deliverables to their unique needs.

(Note: As Core Banking Transformation Toolkit is a digital product, we do not accept returns or issue refunds. So, please read the product description carefully before making a purchase.)

A Banking transformation program is typically substantial in scope and magnitude. A transformation toolkit will accelerate time to value and allow the teams to focus on execution, not document generation.

The Strategic Imperative for Banking Transformation:

The strategic imperative for banks to transform their core banking to the digital age is driven by several factors, including increasing competition from fintechs and tech giants, growing regulatory pressures, and changing customer expectations. Banks must stay relevant in this rapidly evolving market by adopting digital technologies and solutions to streamline operations, enhance customer experience, and remain competitive. With the rise of digital banking, customers expect to be able to perform banking transactions quickly and easily from anywhere and at any time. To remain relevant, banks must provide customers with convenient and secure access to banking services through various digital channels. Banks that fail to adapt to this new reality risk losing market share, customers, and revenue to more digitally savvy competitors. Therefore, banks must transform their core banking systems to the digital age and stay competitive in the fast-paced and ever-changing banking landscape.

What does Core Banking Transformation Entail:

It depends on the individual circumstances of a company, but a typical banking transformation endeavor involves one or more of the following critical areas:

• A New Strategy
• A New Bank Operating Model.
• Restructuring the Banking organization, structure, and staffing.
• Re-engineering the Bank value streams and processes
• Reimagining the value proposition of the Bank.
• An employee-centric transformation of the Bank’s culture.
• Re-platform and re-architecture the Bank technology stack and systems/platforms.

Focus on Transformation, Not Documentation:

Companies assemble a cross-functional team in this quest to transform Banking for the digital era. And these teams spend a lot of time creating deliverables rather than focusing on actually executing the Banking transformation program.

A pre-built and customizable Banking transformation toolkit will alleviate the pain of building everything from a blank slate and allow teams to use the items in the core banking transformation toolkit to jumpstart and accelerate their journey.

Our experts have created the Banking transformation toolkit deliverables based on several years of experience transforming the financial sector. So, instead of hiring consulting firms at exorbitant rates or assembling large teams to reinvent the wheel (so to speak), the toolkit for banking transformation will allow them to quickly tailor the sample deliverables and then focus on really managing the transformation program.

What does the Core Banking Transformation Toolkit Include?

As mentioned, it is a veritable treasure trove of customizable transformation artifacts, templates, outlines, and deliverables. However, please realize that none of the deliverables will fit your Bank like a glove as things differ – size, situation, scope, location, and industry dynamics. Plus, many of the deliverables include the typical sections and topics reflective of the norms for such documents. However, our sample content is often sparse, and the onus will be on the project team to enrich the content.

• Banking Transformation Overview:

An overview of how Banking has changed over the years, the drivers for transformation, and the impact of emerging technology on the Banking stack.

Format: Word

• Banking Transformation Strategy

A concise Banking Transformation Strategy deliverable using a fictional company and situation. Edit the deliverable to reflect your company’s reality.

Format: PowerPoint

• Banking Transformation Business Case Outline

A customizable Business Case Outline using sample content. It has all the sections a typical business case does.

Format: Word

• Project Charter for Banking Transformation

A customizable Project Charter with sample content as a jump-off point.

Format: Word

• Work Breakdown Structure for Banking Transformation Project

A brief list of Work Breakdown Structure Items.

Format: Word

• Project Plan

A high-level project plan for your project team to customize and make your own.

Format: Word

• Resource Plan

A high-level Project Resource Plan for the proposed Banking transformation project.

Format: Word

• Operating Model Archetypes

A brief overview of various Banking Operating Model archetypes. The idea is for you to get a perspective on potential options and then pick one and elaborate and customize it to your company’s needs.

• Banking Products/Services and Market Opportunity Exploration

A listing of existing and evolving banking services and products and a spreadsheet to map them to your Bank.

Format: Excel and Word

Format: Word

• Request For Proposal Outline

The deliverable includes an outline and sample content for a Request for Proposals for a Core Banking System.

Format: Word

• Banking Roles

A listing of essential Roles and what they do in a Bank. This list is a starting point for you and can never fully reflect the reality of your Bank.

Format: Word

• Banking Transformation BRD Outline

High-level business requirements document to draft your Banking Transformation BRD.

Format: Word

• Core Banking Software – Critical Features and Functionality

A high-level list of Banking Core Systems Features and functionality.

Format: Word

• Banking Software Vendor List and Brief Profiles

A select list of vendors and brief profiles. The vendors’ list is not comprehensive, and the vendors are not vetted. Please get in touch with our professional services team for vendor research and RFP help.

Format: Word

• Banking Transformation RACI Chart

A simple RACI (Responsible, Accountable, Consulted, Informed) with sample content.

Format: Word

• Banking Transformation Change Management Plan

A Change Management Plan Outline with sample content to help deal with the change associated with a Core Banking software transformation.

• Stakeholder Map

Managing stakeholders is crucial for any project’s success. The deliverable helps identify the stakeholders and assign the impact magnitude and the influence level.

Format: Word

• Communications Plan

Project communications are a critical success factor. The Communications Plan for Banking Transformation is an outline with content ready for customization.

Format: Word

• RAID (Risks, Assumptions, Issues, and Dependencies) Register

All projects have risks, assumptions, issues, and dependencies. Here is a sample RAID chart with sample content.

• Project Resource Plan

A high-level project resource plan and allocation for your team to customize to your project requirements.

Format: Word

• Project Implementation Checklist

A handy high-level checklist of Project Items to crosscheck to manage the transformation effort.

Format: Word

• Banking Glossary

Not everyone who works on a Banking project is a domain expert. A Banking glossary helps team members to a common understanding.

Format: Word

• Best Practice for a Successful Banking Transformation

A brief overview of best practices for a successful transformation of Banking.

Format: Word

Why Buy a Banking Transformation Toolkit?

The Banking Transformation Toolkit comprises high-quality deliverables that project teams can quickly customize to the needs of an enterprise. Using pre-built transformation deliverables means high cost, effort, and time savings for the project teams.

The Time to Value:

Instead of spending months and expending tons of effort, the Banking Transformation Toolkit accelerates time to value.

Focus on Execution:

The goal is to enable project teams to focus on performance and not necessarily artifact creation.

Cost Savings:

Imagine the amount of money you can save by using the Banking transformation toolkit as a straw deliverable and a starting point. Getting all these deliverables done by a consulting firm will cost tens of thousands, often hundreds of thousands, whereas you can get going immediately for a fraction of that cost.

What if we don’t want all the items in a Transformation Toolkit?

The deliverables are offered at a meager bundled price, making them incredibly valuable and eminently economical for any firm interested in them. We realize not every deliverable is a part of the project management practice of every firm. So please feel free to personalize and use what you need.

Can you help us Customize the Transformation Toolkit?

Our consultants will leverage the Transformation Toolkits as a starting point and customize them to a company’s unique needs. The time and cost will depend on the level of customization and the specificity you need from us.

Stipulations:

• We sell digital products, so Finantrix will not accept returns, refunds, or replacements. Therefore, please review the product description carefully before making a purchasing decision.
• Depending on the various factors specific to your firm, the content and coverage may or may not apply to your situation.
• Consultants, who may wish to use the templates and deliverables for several clients, have different terms and prices.
• The product files are available forever, but the downloads are limited to three to avoid abuse and fraud.
• Sold on an as-is basis and no warranties
• This sale does not include implementation help or support. If you need professional services assistance, please get in touch with us.
• Please review our standard terms of service.