If you belong to a banking or financial intuition sector you are well aware of the pitfalls of software deployment in your business. Software deployment in banks and financial sectors is tedious and is capable of multiple errors. This is due to the regulatory compliance, data and security concerns, legacy system integrations and much more that needed to be considered for the deployment.

So, what gives? Temenos Implementation Methodology is a framework for easy deployment of Temenos software solutions (primarily for banks and financial institutions). This framework/ implementation methodology makes sure that the solution deployment is effortless, efficient, and in alignment.

Process – Temenos Implementation Methodology

Initiation

During the initial stage of the Temenos implementation methodology our goal is to get conversant with the client/your team. This is done by setting up workshops right at the start between Aspire’s COE (The Center of Excellence) and your team. The workshops are designed to identify and understand dependencies, risks, pre-requisites, assumptions, communication plan, test strategy, and escalation matrix. Further, this stage encapsulates other critical initiations that become relevant in the planning stage of the process. Initiations like:

· Reviewing your branding guidelines & CX/UX design requirements

· Mapping your BRD (Business Requirement Documents) with Infinity Product (a Temenos solution) – we identify the differences and gaps between your requirements and what Infinity currently offer.

· Preparing a list of integrations, 3rd party interfaces/SDKs, NFRs and application architecture diagram.

· Understanding the project hardware details such as server sizing, On-prem/ Cloud, hardware diagram, Infinity installation (DEV)

Planning

During the planning stage, our dedicated team focuses on defining and finalizing key components on a sprint-by-sprint basis. This includes the review and sign-off of the CX (Customer Experience) and UX (User Experience) designs, ensuring they align with your business’s goals. Detailed user stories are crafted to capture specific requirements and functionalities. A comprehensive Technical Design Document is prepared to outline the system architecture. Concurrently, a test plan is developed to guide the testing process along with the installation of the Infinity product is carried out in the System Integration Testing (SIT) environment to ensure readiness for testing.

Execution

In the execution stage, the project team engages in daily Scrum meetings to ensure continuous alignment and progress. The Temenos implementation methodology also calls for functional development and configuration, along with unit testing. These are carried out on a sequential basis, ensuring that each user story is thoroughly developed. Test cases are created for each sprint’s user stories, followed by functional Quality Assurance (QA) and regression testing to validate the system’s functionality. The team also engages in ongoing sprint planning, demonstrations, and retrospectives to refine processes and outcomes. Backlog grooming ensures that upcoming work is well-defined, while the Infinity product is installed in the User Acceptance Testing (UAT) and Pre-Production environments to prepare for final testing and deployment.

Deployment

In the deployment stage, the focus shifts to executing the test plan of the Temenos implementation methodology, which includes overseeing your System Integration Testing (SIT) and User Acceptance Testing (UAT) activities. During this part of the deployment stage, we address any issues that arise. Non-functional testing, such as performance, penetration, and compliance testing, is conducted to ensure the system meets all required standards, with remediation as necessary. The solution is then handed over to standard support teams for ongoing post-implementation support. A comprehensive project closure report will be created to document the process. Following this, the Infinity product is installed in the production environment, leading to the live deployment of the client solution, followed by a warranty support phase to address any post-launch issues.

Finalization

In the finalization stage, the project is transitioned smoothly to the standard support teams, ensuring they are fully equipped to handle post-implementation support. This handover marks the formal end of the active temenos implementation methodology stages. That said, your business will receive continued assistance as needed. Additionally, a comprehensive project closure report has been created. This report documents the entire project lifecycle, key outcomes, lessons learned, and any remaining action items. Not only will this report serve as an essential reference for future projects, but it will also help the stakeholders aligned on the project’s successful completion.

Benefits of Temenos Implementation Methodology

· Seamless process implementation: Because of the process-driven and standardized approach, the deployment of the software solution is effortless.

· Cost reduction: Temenos Implementation Methodology uses DevOps services reducing overall cost. It also shortens the time span needed for the deployment, saving even more.

· Convenience: being available on both – cloud and premises you have the option to choose the implementation best works for your business.

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