Greenfield Project:

Setting Up Digital Only Bank

Group C10
Harsh Tharani 2011083
Kshitij Mourya 2011115
Pallavi Soni 2011159
Rampavan Kumar Runku 2011194
Shantanu Upadhyay 2011261
Introduction
• Tasked with building a Digital Bank from Scratch
• The Digital Bank must have valuable points/basic features defined
before requirements are gathered
• Digital Bank must be regulated by the financial/government bodies or
remain under the umbrella of a bigger financial institution
• The platform and the architecture of the bank must be clearly defined
• Right Business Model must be followed to remain profitable
 Basic Services of a
Digital Bank
• Full Digital Onboarding with online KYC
• Basic Current Account/ Wallet
• Cards – Debit/ Credit/ Prepaid
• Virtual Cards
• Payment feature: UPI/ IMPS/RTGS
• Loans
• Bill Payments
• Fund Transfer
• Transaction History
• Cyber Security
Requirement Gathering Methodology
Understand the Analog Procedure/ Business Need

Eliminate Language Ambiguity in requirement gathering

Identify the rarest cases/ error points

Write stories from user’s end point

Create a definition for completion of business process

Stakeholder
map
High Level Requirements
1) Microservices Architecture
• High agility
• Better Scalability
• Faster Time to Market
• Easy Debugging
• Continuous Integration
3) New Banking Platform
• Seamless UI/UX
• High on features
• Use of APIs
• Digital Signatures
• Providing much more than banking
services
2) Cloud Based Services
• Cost Effective
• Private or hybrid cloud
• Future ready (IoT)
• Better Disaster Recovery
• Scalability and flexibility
4) Blockchain and AI
• Seamless integration with
microservices
• Unmatched security with blockchains
• Use of AI for customized experience
to the users
Architecture of a Digital Bank
 Sets of Validated Requirements
• Secure
 Avoiding frauds and malpractices is a must
 Biometrics, OTP, Passwords, Digital Signatures, etc. could be used
• Seamless UI/UX
• Feature Rich UI is important, but the overall experience must be smooth
• UI must be clean and should not be distracting for the end users
• Truly Digital
• Use of API frameworks for accessing data between different modules and microservices
• All the functions must be done over the digital medium
• Robust and Scalable
• Use of cloud framework and modularity in development to give high scalability
• Using microservices to develop a robust future ready digital platform
• User Customized
• Use of AI and Analytics to customize the user’s experience on the platform
• From user’s budgets to various offers, this could provide a new experience
 Change Management Process
• Monitor the live application • Need Assessment
and take feedback Assessment • Capability Assessment
• Incorporate feedback in new • Capital Requirement
assessment cycle • Market Gap Identification
• Scale the app by adding
features and remove
shortcomings Monitor Design

• Feature Testing • Microservices and

• Security Testing blockchain
• UI/ UX Testing architecture
• User Acceptance • Functional
Testing Test Develop Paradigm and agile
methodologies
Thank You!