Functional Specification Document (FSD)
Table of Contents
- Introduction
- Purpose
- Scope
- Definitions, Acronyms, and Abbreviations
- References
- Overview
- Functional Requirements
- Data Requirements
- User Interface Requirements
- Non-Functional Requirements
- Assumptions
- Constraints
- Acceptance Criteria
- Appendix
- Approval
Introduction
This document provides a detailed functional specification for implementing Temenos Transact R24 to replace the existing legacy banking system.
Purpose
The purpose of this FSD is to outline the functional requirements necessary to successfully implement Temenos Transact R24 and ensure a smooth transition from the legacy banking system.
Scope
This document pertains to the implementation of the Temenos Transact R24 core banking technology and the decommissioning of the current legacy banking system.
Definitions, Acronyms, and Abbreviations
- FSD: Functional Specification Document
- FR: Functional Requirement
- R24: Release 24 of Temenos Transact
- Temenos: The provider of the core banking software
References
- Temenos Transact R24 Documentation
- Current Legacy System Documentation
Overview
The project aims to replace the existing legacy banking system with the Temenos Transact R24 core banking platform. This upgrade will improve system performance, security, and offer enhanced banking functionalities.
Functional Requirements
Requirement 1: Implement Temenos Transact R24
- ID: FR-001
- Description: Implement the Temenos Transact R24 core banking platform.
- Priority: High
- Source: Project Charter
- Rationale: To leverage the advanced features and capabilities of the latest core banking technology.
- Acceptance Criteria: The Temenos Transact R24 system is fully operational and integrated with existing banking operations.
- Dependencies: Requires data migration from the legacy system.
Requirement 2: Replace Legacy Banking System
- ID: FR-002
- Description: Decommission the existing legacy banking system and transition all operations to Temenos Transact R24.
- Priority: High
- Source: Project Charter
- Rationale: To eliminate outdated technology and reduce maintenance costs.
- Acceptance Criteria: All banking operations are successfully transferred to Temenos Transact R24 without service disruption.
- Dependencies: Successful implementation of Temenos Transact R24.
Data Requirements
- Comprehensive data migration from the legacy system to Temenos Transact R24.
- Data integrity and validation checks to ensure accuracy and completeness.
User Interface Requirements
- User-friendly interface for bank staff to manage customer accounts, loans, and transactions.
- Customizable dashboards and reports for different user roles.
Non-Functional Requirements
- Performance: The system should handle peak transaction loads without performance degradation.
- Security: Ensure compliance with industry-standard security protocols.
- Usability: The system should be intuitive and easy to use for all banking staff.
- Scalability: The system should support future growth and additional functionalities.
Assumptions
- All necessary hardware and infrastructure will be available for the implementation.
- Bank staff will receive adequate training on the new system.
Constraints
- The project must be completed within the allocated budget and timeframe.
- Compliance with all regulatory requirements is mandatory.
Acceptance Criteria
- The Temenos Transact R24 system is fully functional and meets all specified requirements.
- Successful migration of data from the legacy system with no data loss.
- Positive feedback from bank staff after system training and initial use.
Appendix
- Additional technical documentation and user guides for Temenos Transact R24.
- Training schedules and materials for bank staff.
Approval
- Prepared by: Mike Meier
- Email: mikemeier@mad-tech.ai
- Date: 12/18/2024
- Approved by: [Approver's Name]
- Date: [Approval Date]