Project Charter Script

Slide 1
Good day. This is the Project Charter of the project Banking U2! Banking the Unbanked and
Unentertained. Financial Inclusivity Platforms through Telecommunication Industry
Collaboration
Slide 2
First of all, I am Romen Samuel Wabina, 22-year old Filipino, worked as a Financial analyst and
Data Science Enthusiast in Infoserve Inc. and currently studying at Murdoch University with
student number 34076992 and Passport P4524420B.

Slide 3
With the approval of our Project Charter by the Board of Directors, I have been assigned as the
Project Manager of this project. As the PM, the BOD has given me authorization to commence
the Banking U2 project. The content of this presentation includes project purpose, description,
and scope. We will also discuss the milestones and deliverables schedule and the relevant team
members of this project.

Slide 4 Project Purpose

The recent shutdown of the Philippine’s largest television network provided an expansion for
Novotelecoms. The Novotelecoms is a telecommunications company that provides over-the-top
streaming service channels and broadcasts in the Philippines. To deploy the expansion,
Novotelecoms needs to partner Infoserve Incorporated to provide the digital payment service
gateways. This is a great opportunity for Infoserve to strengthen financial inclusion since most of
these Filipinos who have lost entertainment in television network have also no access in digital
banks.

Financial inclusion is the primary mission of Banking U2. The project will create a Financial
Inclusion Network (FIN) to the rural banks and cooperatives in far-flung areas to access digital
payment services for Novotelecoms.

Slide 5 Project Description

This is the proposed Financial Inclusion Network (FIN) for the project. The establishment of the
Financial Inclusion Network requires the creation of a unique Affiliate Switch Network or ASN.
This is a network technology that allows two institutions to transact to each other. Using the
ASN and payment cards, subscribers will serve as the payment services to anyone who wishes to
avail IPTV services. This financial network will only work as soon as the attestation of
compliance is adhered to the network and the payment cards. The scope of the project includes
network connection, payment card production, and compliance regulation. It also includes
mentoring and developing people who can ensure financial security by managing thousands of
transactions per seconds.

Slide 6
The Novotelecoms, as the primary sponsor of the project, has provided a 300-million-peso
budget. Forty-seven percent of the total budget should be allocated to the ASN Cloud Computing
since that is the most crucial output. The 31% will go to the PCI-DSS Compliance requirements,
20% will go to Data Equipment and Softwares, and the remaining 2% will fall under Salaries and
Wages. These services can provide a payback period for 1.88 years and ROI of 123% per year.
This manifests a 514% profit sales increase forecast.

The projected cash flows indicate an exponential growth of more than 2B pesos within a 5-year
study.

Slide 7
Now, we will discuss the different phases of our project. To initiate the Banking U2
project, the Financial Inclusion Network is required to coordinate all subscribers who are
interested to strengthen their financial inclusivity. It will be provided under the pre-gap technical
consultancy with the subscribers to understand the physical and logical boundaries of the scope.
All of the results of the pre-gap consultancy must be directly reported to the Chief Technical
Officer (CTO) of the Bangko Sentral ng Pilipinas (BSP) as the country’s central bank regulatory
board.

Next, using the results of the pre-gap technical consultancy in Project Initiation, the
subscribers and the project team will discuss the Affiliate Switch Network and Card Data
environment system of the Security Management. From that, we will draft, review, and approve
the security and information policies, as well as the card quality specifications and security
procedures.
Slide 8
The project execution will be directly involved in the Affiliate Switch Network
Connection from the subscribers to the Infoserve. Once the network is established between the
two, production of the EMV payment cards must be finished. While the EMV card is on
production, we will assist and conduct the training of Quality Security Assessors (QSA) before
we receive the attestation of certification (AOC) from the PCI-DSS. The AOC is a certification
of compliance that the security control of the ASN and PCI-DSS is working well.
Slide 9
While on the course of Project Execution, we are expecting some delays and challenges
especially the liquidity and operational risks as mentioned in the BSP Circular No, 1039. To be
ready for those specific challenges, we will deploy the PCI team of qualified Security Assessors
to carry-out an on-site security assessment. We will deploy these trained QSA to every
subscriber to ensure that there are no backlogs in real-time settlements and other non-
conformities in the Affiliate Switch Network.

Finally, once client organization receive the Attestation of Compliance, the project team
will initiate the maintenance of the PCI DSS Compliance activities as required by client
organization.
Slide 11
We already discussed the phases of the project. Starting with its initiation until its project
closure. Now, we need to reiterate the four deliverables or output of the project. The first
deliverable is the ASN Technology Connection.

Slide 12
We mentioned during the Project Monitoring and Controlling that we are expecting risks
throughout the execution of the project, the following are the initial risks that were being
identified during the Project Planning. According to the Manual of Regulations for Non-Bank
Financial Institution Circular 1031, we need to manage closely on the operational and technical
risks especially that we are dealing with digital payment solutions.

Slide 13
The Novotelecoms and Infoserve will become the sponsors of the project being the
Novotelecoms as the primary sponsor of the project. The regulatory boards including the Bangko
Sentral ng Pilipinas, also as one of our stakeholders, should be kept satisfied always. All of the
subscribers will belong to the client organization. Under the supervision of the BSP and
Infoserve, they must be kept informed as one of the shareholders of the company.

Slide 14
It is very important to note that all financial activities of financial institutions should be strictly
follow the Manual of Regulations of the Central Bank. These Manuals and Circulars from the
chief financial agency are helpful in assessing the prioritization matrix of certain projects in
different financial institutions. The project scope will be approved by the Project Manager. It will
be considered as successful if and only if it all follows the major compliance set by the BSP
Circulars and MOR-NBFI for digital payment service. It has a medium threat likelihood.

The BOD and the project sponsor have approved the major deadlines and will start on July 1,
2020. All of the minute changes in the schedule are possible as long as it follows the decision of
the BOD and sponsor.
The BOD has also approved the 300-million-peso budget for the project. Forty percent of the
funds should be allocated to the Affiliate Switch Network

This is the end of my presentation. All of my references are under the BSP Circular No. 1030-
1040 series of 2019. IF you have comments and suggestions, don’t hesitate me to contact as
presented on your screen. Thank you and have a good day
Both the quality and other project objectives have been classified with high threat likelihood.
This strengthen the focus in developing an efficient cloud computing ASN and payment cards to
the subscribers. The approval of these effectiveness test should follow the prerequisite stipulated
in BSP Circulars 1033-1040 of the Bangko Sentral ng Pilipinas.