Bachelor of Technology

Project Presentation

SVKM’s NMIMS
Mukesh Patel School of Technology Management and Engineering,
Vile Parle, Mumbai- 400056

311 program in collaboration with Virginia Tech

Computer Science and Engineering (Data Science) Mishree Bagdai(L005)
Aryan Jain (L021)
Parthvi Joshi (L024)
Harsh Mehta (L034)
Dhruv Oza (L044)
Vasu Patel (L045)
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 CONTENTS

➢ Overview
➢ Problem statement
➢ Introduction
➢ Feasibility study
➢ Scope
➢ Cost
➢ Quality
➢ Risk
➢ CPM/PERT
➢ Closure
➢ Conclusion
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Overview

• Infosys developed and implemented Finacle, a comprehensive core banking

solution, for various banking clients worldwide.
• Finacle is a robust banking platform that enables banks to offer a wide range of
services, including retail banking, corporate banking, wealth management, and
digital banking.

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Problem statement

• Despite the global adoption of Finacle as a comprehensive core banking solution,

challenges remain in maximizing its utilization and benefits for banking clients.
Optimizing Finacle's implementation and usage is crucial to enhance operational
efficiency, customer experience, and competitiveness in the banking sector.

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Introduction
• Banking institutions constantly seek ways to enhance operational efficiency, improve
customer experience, and meet evolving regulatory requirements.
• Comprehensive core banking solutions are favored for streamlining processes, enabling
digital transformation, and ensuring compliance.
• Finacle, developed by Infosys, is a sophisticated core banking platform meeting global
banking needs.
• Finacle offers robust functionalities covering retail banking, corporate banking, wealth
management, and digital banking services.
• Implementation of Finacle has revolutionized banking operations, facilitating innovation
while maintaining agility and compliance.
• The report explores a typical Finacle Core Banking Solution implementation project by
Infosys, covering scope, objectives, methodologies, and impact on the banking landscape.

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Feasibility Study

• Feasibility Study for Finacle Implementation

• Infosys conducted a thorough feasibility study before implementing Finacle Core
Banking Solution for banking clients.
• The study evaluated four main aspects:
1. Technical Feasibility
2. Operational Feasibility
3. Economic Feasibility
4. Schedule Feasibility

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Technical Feasibility

• This aspect assesses whether the proposed Finacle system can be implemented
from a technical perspective.
• It examines factors such as the compatibility of Finacle with existing banking
infrastructure, hardware and software requirements, integration capabilities with
other systems, and scalability to handle increasing volumes of transactions.
• Technical feasibility also considers any potential technical challenges or
limitations that may arise during the implementation process and how they can be
addressed effectively.

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Operational feasibility
• Operational feasibility evaluates the practicality and effectiveness of
implementing the Finacle Core Banking Solution within the operational
framework of the banking clients.
• It considers factors such as the impact on day-to-day banking operations, the ease
of use for bank staff and customers, training requirements for personnel, and any
changes needed in business processes to accommodate the new system.
• This aspect also examines the compatibility of Finacle with existing operational
workflows and identifies any potential operational risks or challenges that need to
be mitigated.

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Economic feasibility
• Economic feasibility assesses the financial viability and cost-effectiveness of
implementing the Finacle Core Banking Solution.
• It involves estimating the initial investment required for implementation,
including licensing fees, hardware/software costs, and consulting services from
Infosys.
• Economic feasibility also evaluates the long-term benefits and returns on
investment (ROI) expected from deploying Finacle, such as increased operational
efficiency, reduced operating costs, and potential revenue growth opportunities.
• Cost-benefit analysis is often conducted to compare the expected benefits against
the implementation costs and determine the economic feasibility of the project.

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Schedule feasibility
• Schedule feasibility evaluates the timeline and project schedule for implementing
Finacle within the desired timeframe.
• It involves setting realistic project milestones, deadlines, and delivery schedules
based on the scope of the project and available resources.
• Schedule feasibility considers factors such as the complexity of the
implementation, resource availability, potential dependencies with other projects,
and any regulatory or compliance requirements that may impact the timeline.
• Effective project planning and scheduling are crucial to ensure that the Finacle
implementation is completed on time and within budget, minimizing disruptions
to banking operations.

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Scope
• The project entails implementing the Finacle Core Banking Solution for multiple
banking clients, customized to meet their unique needs and goals. It comprises
interconnected components and phases aimed at successfully deploying and
adopting Finacle within the clients' organizations.:

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Cont...
• The following outlines the elaborate scope of the project:

• Requirement Analysis and Customization

• Functional Modules Implementation:
• Data Migration and Conversion
• Training and Change Management
• Quality Assurance and Testing
• Go-Live and Post-Implementation Support
• Compliance and Regulatory Requirements

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Cost
• The cost analysis for implementing the Finacle Core Banking Solution project
entails estimating expenses across different project aspects, such as software
licensing, customization, implementation services, infrastructure, training, and
ongoing maintenance.

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Cont..
The following details provide a breakdown of the costs involved:
• Software Licensing and Customization:
• Implementation Services
• Infrastructure and Hardware
• Data Migration and Conversion
• Training and Change Management
• Quality Assurance and Testing
• Go-Live and Post-Implementation Support
• Contingency Reserve

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Quality
• Ensuring high quality is paramount for both the software and the project itself.
Here's how quality is addressed in both aspects:

Quality of the Software : Quality of the Project :

• Reliability • Project Management
• Performance • Requirements Management
• Security • Change Control
• Scalability • Quality Assurance
• Usability • Risk Management

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Risk
• Implementing the Finacle Core Banking Solution, like any software project,
comes with its share of risks. Identifying and mitigating these risks is crucial to
ensuring the success of the project.
• Here are some potential risks associated with the software:
• Integration Challenges
• Customization Complexity
• Data Security Breaches
• Regulatory Compliance
• Performance Issues
• Vendor Dependency

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CPM PERT
• CPM and PERT in Project Management:
• Critical Path Method (CPM) and Program Evaluation and Review Technique (PERT)
are widely utilized in project management to effectively schedule and manage complex
projects.
• They aid in determining the sequence of activities, estimating project duration, and
identifying critical tasks.

• Application in Finacle Implementation:

• CPM and PERT analysis are adaptable to the implementation of the Finacle Core
Banking Solution, though specifics may vary based on project-specific factors.
• They assist in scheduling tasks, managing dependencies, and ensuring timely
completion of the implementation process.
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Cont..
Integration with Project Management Software:
 CPM and PERT analysis can be integrated into project management software tools
such as Microsoft Project, Primavera P6, or Jira to facilitate scheduling, resource
allocation, and progress tracking.
 These tools allow project managers to create project schedules, define task
dependencies, estimate task durations, and identify critical paths more efficiently.
 Additionally, project management software provides visualization tools such as
Gantt charts and network diagrams to help stakeholders understand the project's
timeline and dependencies more easily.
• By applying CPM and PERT analysis techniques, project managers can develop more
accurate project schedules, allocate resources effectively, and mitigate schedule risks to
ensure the successful implementation of the Finacle Core Banking Solution within the
specified timeline and budget.
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Closure

The successful conclusion of the Finacle Core Banking Solution implementation

calls for formalizing the project closure process. This involves reviewing
achievements, documenting lessons learned, and ensuring a seamless transition to
ongoing operations. These closure activities signify the culmination of collaborative
efforts and mark the start of a new chapter for our banking clients.

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Cont..
• The closure activities outlined below mark the culmination of our collaborative
efforts and signify the beginning of a new chapter for our banking clients:
• Final Review and Sign-Off
• Documentation and Handover
• Lessons Learned and Best Practices
• Client Satisfaction and Feedback
• Project Closure Report
• Celebration and Recognition
• Transition and Post-Implementation Support

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Conclusion

• The closure of the Finacle Core Banking Solution implementation project

represents a major milestone in our commitment to delivering value, innovation,
and excellence to our banking clients. Drawing from the insights gained, we are
dedicated to driving positive outcomes, nurturing enduring partnerships, and
shaping the future of banking through digital transformation.

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 Thank you

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