Bank in Myanmar

Retail Banking Implementation in one of the top Myanmar Bank, The Temenos T24 core banking system. Below are key objectives

Headquarters:

Yangon, Myanmar

Branches:

26

Asset size:

1.Business Objectives

Myanmar Bank had the following goals:

  • Implementing Retail, corporate , trade finance, securities under common platform
  • Grow the Business significantly without increasing risk to the bank
  • Deal with more complex products
  • Digitalization of Core banking System from current manual entries

2.Key challenges

  • System configuration / Setup which were onetime and cannot be changed
  • Key Resources low availability
  • Inconsistent Legacy Data
  • Project timeframe

3.Business Solution

  • Our design and solution is considering all the above constrains and limiting the System modification and accommodating the business solution as per the current setup
  • Extended Business discovery with the bank with our product experts to help the bank finalize the requirements
  • We are going Extra mile to assist bank in the process of Data Cleansing.

Project parameter

Delivery Methodology
  • Waterfall
Type of solution
  • Implementation of T24 CBS
Client and Delivery Location
  • Yangon, Myanmar
  • Mysore, India
Pricing Model
  • Fixed price
Project Deliverables
  • Retail Banking
  • Corporate Banking
  • Lending products
  • Higher purchase
  • Client specific interfaces
  • ATM & Swift interface
Timeline
  • 6 Months
Monitoring Methodology
  • Monthly Steering Committe meetings
  • Weekly project Status Meeting
Monitoring Methodology
  • Project Completed, 1 month before schedule time