ASSESSMENT
The purpose of Assessment is to analyze the functional requirements and Client’s infrastructure.
Assessment can be relevant for Clients with current system Temenos Transact, as well as for those, who choose automated banking system.
Scoping exercise allows clients to evaluate volume, complexity and budget of core banking system implementation.
Business Discovery workshops led but experienceв business consultants of Foranx will make the best use of our existing Model bank functionalities, reference processes and customer journeys, validating the scope and creating the project baseline.
Core banking modernization has become critical for overcoming the complexity the financial industry has built over the years. This situation has led towards high costs, more fragile infrastructures, little innovation, etc. By Upgrading to the latest Transact release, Customers will have access to the latest business functions relevant to their current and future business, avoiding layers of customization.
Upgrade Assessment will help the bank to understand the new features and see how these features can be introduced to their business & technical teams as part of the upgrade project.
The Back to Core assessment has been designed to benefit Transact customers, who have a large amount of local code in production and is now looking to rely more on core Temenos Transact features in order to reduce the dependency on the local code and this may be for a number of reasons: lack of proper support, lack of documentation, poor performing code with a high proportion of bugs etc.