Request for Proposal Template for Core Banking System (CBS) T24 Rxx Re-Implementation by a Certified Temenos Partner

Description

This comprehensive Request for Proposal (RFP) template is tailored to meet the specific requirements of banks looking to procure services for their core banking systems. The template is designed with a focus on clarity, robustness, and detail, catering to all aspects of the core banking procurement process. The major sections are highlighted below:

1. Definitions: Key terms and definitions pertinent to the RFP, to ensure a common understanding among all stakeholders.
2. Section 1 – Request for Proposals: Introduction, objectives, and essential details about the bank’s establishment, along with guidelines for responding to the RFP. This section includes:
   • Proposal format requirements (Technical and Financial Proposals)
   • Cost structure
   • Deadline and procedures for bid submission
   • Evaluation and comparison of bids
3. Section 2 – Scope of Work: A detailed description of specific objectives, responsibilities, bid effectiveness, payment terms, staffing requirements, and the responsibilities of the independent contractor.
4. Section 3 – General Conditions of Contract: Outlines key contractual considerations, including governing language, applicable law, obligations, confidentiality, and conditions under Force Majeure.
5. Section 4 – Annexures: A series of supplementary documents to provide in-depth information regarding:
   • Features and functionalities of the proposed system (RXX)
   • Current environment and business requirements
   • Detailed specifications for integration, including modules implementation, interface adaptation, and on-site solution integration
   • Requirements for database engine, system availability, security, logs, migration strategy, and optimization
   • Past experiences with T24 and the specific bank
   • Various matrices, statements of work, system documentation, and compliance certificates
   • Supplier questionnaire, business activities, trade references, and other essential documents

Benefits of Using this RFP Template:

• Comprehensive Coverage: Ensures that all aspects of core banking procurement are covered, reducing the risk of missed details or misunderstandings.
• Ease of Customization: Tailored for core banking needs but flexible enough to be adapted to specific requirements.
• Efficiency: Streamlines the procurement process by providing a structured, clear, and standardized document.
• Compliance Alignment: Includes elements to ensure alignment with legal and regulatory requirements.
• Enhanced Collaboration: Facilitates communication between the bank and potential suppliers by providing clear guidelines and expectations.

This RFP template acts as an essential tool for banks aiming to conduct a thorough, transparent, and effective procurement process for core banking systems. Its detailed structure aids in the selection of the most suitable supplier, ensuring that all technical and financial aspects are properly addressed. By utilizing this template, banks can save time and resources, enhance accuracy, and contribute to a successful procurement process.

File Format: Microsoft Word