Banks and building societies

System selection and implementation for banks and building societies

IT is critical to the operation and integration of risk management, treasury and finance functions, yet it can be an organisation’s most significant expenditure. Chief Information Officers are also under intense pressure to achieve efficiency and deliver shareholder value promptly.

IT offers a potential opportunity but also has associated risks. Productivity in delivering IT programmes and projects is often hampered by the lack of defined and aligned business objectives.

Reply helps IT functions to support and integrate their organisation’s risk management, treasury and finance functions while optimising the related IT spend. Reply solutions enhance the planning, design, and implementation of IT systems, and its proven expertise can support an organisation’s system integration projects

Reply range of services covers the entire development and implementation cycle of a system selection and integration project. This may include:

  • Analysing business requirements e.g capturing data protection and data security requirements;
  • Managing or supporting the system selection process from the Request for Information or Request for Proposal through to contractual negotiations with the selected vendor;
  • Defining the functional specifications, interfaces and IT architecture design;
  • Supporting the sourcing and migration of data from the legacy to the new system;
  • Developing bespoke and simple systems (or enhancement of current systems) for analytics, pricing tools, economic capital calculation engines, scenario analysis and risk measurement.

Reply also provides resources to support larger-scale system integration projects through its alliance partners. This will typically involve providing the following services:

  • Designing and running a user acceptance testing programme;
  • Defining and conducting end-user training;
  • Providing project management to ensure successful delivery of benefits;
  • Supporting business processes improvement and training and people management.

Contents about - Tag: System selection and implementation for banks and building societies