According to the Bank’s website, the project consists of:
The Advisory Project – Activities and Deliverables
The project is divided into five main workstreams: 1. Value Proposition, 2. Business and Operating Model, 3. Technology Architecture, 4. Data & Analytics, and 5. Risk & Governance, with all 5 workstreams supported by a project management office.
C1: Value Proposition Definition and Product Design
IFC will validate and support the new Digital Bank (DB) to define and articulate its value proposition based on the following considerations: market, service/ products to deliver, target segments and competitors, vision and mission, strengths and weaknesses. The team will also guide the DB team to ensure that the customer journey focuses on the needs of the customer across all channels and business lines.
C2: Business Operating Model and Financial Model
IFC will support the client to develop an operational roadmap and implementation plan for the Digital Bank, and validate and calibrate business requirements. This component will also cover Financial Modeling to validate strategic business assumptions.
C3: Technology Architecture
The technology stream outlines and validates the required functional architecture, applications, IT tooling, infrastructure approach, IT Security and Technology Risk and the requirements and resources required.
C4: Data & Analytics
IFC will support the development and implementation of data strategies and tools in order to ensure successful and efficient usage of data in the digital products.
C5: Risk & Governance
The Risk workstream will work with the other workstreams, to ensure alignment over the DB’s overall risk management strategies.
III) Project Management
The project activities described above will be supported by a PMO consisting of IFC and UBP team members.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|UnionBank of the Philippines
No contact information provided at the time of disclosure.
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