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The Haward Bank has hired you to investigate whether it is feasible to roll out Takaros Infinite banking software at the bank. You have been tasked to complete the planning following a business analysis approach. This includes the creation and selection of a methodology, activities, and deliverables. Identify the consequences of not planning following a business analysis approach to implement Takaros Infinity.

The Haward Bank has hired you to investigate whether it is feasible to roll out Takaros Infinite banking software at the bank. You have been tasked to complete the planning following a business analysis approach. This includes the creation and selection of a methodology, activities, and deliverables. Identify the consequences of not planning following a business analysis approach to implement Takaros Infinity.

Database System Concepts
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
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The Haward Bank has hired you to investigate whether it is feasible to roll out
Takaros Infinite banking software at the bank. You have been tasked to complete
the planning following a business analysis approach. This includes the creation and
selection of a methodology, activities, and deliverables. Identify the consequences
of not planning following a business analysis approach to implement Takaros
Infinity.  

compelling user experience. Ultimately, this requires that these banks connect with their customers' lifestyles, deliver hyper-personalized experiences, and connect on an emotional level. Takaros Infinity Takaros Infinity can help banks or fintech companies to create a comprehensive cross-border, digital experience that achieves these goals. It is an open and flexible platform designed to get to market fast while containing costs and accelerating growth. The platform also enables intelligent digital and omnichannel experiences that drive stronger customer engagement and loyalty. And by leveraging microservices and APIs, it is easier to build digital ecosystems that support innovation in ways that transcend what banking has traditionally provided. Temenos. 2021. Modernizing multi-country banking in Africa with Temenos Infinity. [Online]. Available at: https://businesstech.co.za/news/industry-news/544930/modernizing-multi-country-banking-in-africa-with-temenos- infinity/ [Accessed 23 May 2022].
Transcribed Image Text:compelling user experience. Ultimately, this requires that these banks connect with their customers' lifestyles, deliver hyper-personalized experiences, and connect on an emotional level. Takaros Infinity Takaros Infinity can help banks or fintech companies to create a comprehensive cross-border, digital experience that achieves these goals. It is an open and flexible platform designed to get to market fast while containing costs and accelerating growth. The platform also enables intelligent digital and omnichannel experiences that drive stronger customer engagement and loyalty. And by leveraging microservices and APIs, it is easier to build digital ecosystems that support innovation in ways that transcend what banking has traditionally provided. Temenos. 2021. Modernizing multi-country banking in Africa with Temenos Infinity. [Online]. Available at: https://businesstech.co.za/news/industry-news/544930/modernizing-multi-country-banking-in-africa-with-temenos- infinity/ [Accessed 23 May 2022].
Open value chain architecture Takaros' Chief Enterprise Architect, John Schlesinger, explained that true digital banking means being able to put any service onto any channel, and this is enabled by an open value chain architecture. For example, in the case of a bank in South Africa with several subsidiaries across the continent, manufacturing of banking products and channels would traditionally sit within the core bank, but without distribution. Manufacturing would then be duplicated across all subsidiary banks, but without support for centralized distribution, there is no way of rationalizing the manufacturing process. In contrast, if the core bank supports distribution alongside manufacturing and channels, it can now centralize manufacturing, which reduces costs while making sure every country can get every product. Embracing innovation Javier Hermida, the Head of Digital Banking at Takaros, then explained how the banking industry has changed as technology has improved. Hermida explained how the core agnostic Takaros Infinity digital banking platform aligns with the key digital trends that Africa is currently experiencing in the digital banking space, including the rise of disruptive technologies and increased customer expectations. "When you've got data on agile and scalable infrastructure and can then apply a layer of Al and machine learning, you can build hyper-personalized experiences," explained Hermida. Customers also want convenience and immediate service availability within a simple, intuitive, and
Transcribed Image Text:Open value chain architecture Takaros' Chief Enterprise Architect, John Schlesinger, explained that true digital banking means being able to put any service onto any channel, and this is enabled by an open value chain architecture. For example, in the case of a bank in South Africa with several subsidiaries across the continent, manufacturing of banking products and channels would traditionally sit within the core bank, but without distribution. Manufacturing would then be duplicated across all subsidiary banks, but without support for centralized distribution, there is no way of rationalizing the manufacturing process. In contrast, if the core bank supports distribution alongside manufacturing and channels, it can now centralize manufacturing, which reduces costs while making sure every country can get every product. Embracing innovation Javier Hermida, the Head of Digital Banking at Takaros, then explained how the banking industry has changed as technology has improved. Hermida explained how the core agnostic Takaros Infinity digital banking platform aligns with the key digital trends that Africa is currently experiencing in the digital banking space, including the rise of disruptive technologies and increased customer expectations. "When you've got data on agile and scalable infrastructure and can then apply a layer of Al and machine learning, you can build hyper-personalized experiences," explained Hermida. Customers also want convenience and immediate service availability within a simple, intuitive, and
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