TEMENOS T24 (Riyandi Syaputra / 1000614488)

1. The article stated that one of the challenges is “human face”, where customers still value personalized and responsive services from their bankers. How was this ‘challenge’ being handled in the planning and evaluation?

The system is developed using the best available technologies and currently use the fastest growing core banking system. The project was useful to the bank. It improves service delivery and reduces future costs. It will improve the money tallying from the teller’s end and improve security. Furthermore it improves the resonance time between the machines and the human beings with the bank

2. The project implementation is the vital part in the whole process of project management, because it would affect the customers’ views if anything goes wrong with this phase. Describe the activities that the project manager could plan for this stage, to avoid any risk of failure.

T24 Model Bank distils Temenos’ vast implementation experience worldwide into a proven, safe and well-documented implementation approach. This, combined with a rich and comprehensive implementation framework – the Temenos Implementation Methodology (TIM), makes for a cost effective and low risk implementation and ensures a rapid, safe project and fast time to value.

T24 Model Bank offers a pre-configured version of T24, along banking sector or regional lines. Enabling implementation times as low as three months and typically between six and twelve months, Model Bank is the ideal solution for banks that need to get up and running quickly and safely with a new core banking system, be this a ‘greenfield’ project or a system replacement. Since T24 Model Bank incorporates best practice, packaged to meet the need of each banking industry sector, the need to tailor the product is reduced dramatically and can focus on building in features which will act as competitive differentiators for the business.