Tag: banking software implementation

Operating Procedures Helped New Bank to Open in NYC

CIO Linda Orlando, me, and CEO Judith Erwin on Orange Day at Grasshopper Bank
Former CIO Linda Orlando, technical writing consultant Karen Rempel, and CEO Judith Erwin celebrating Orange Day at Grasshopper Bank, May 2018 (working towards getting the bank ready for the official opening, which occurred in May 2019)

It was a day of celebration yesterday, as Grasshopper Bank completed its journey from conception to implementation. Grasshopper Bank is the first new bank to open in New York City since the housing crisis of 2008. The “C-Suite” team is led by CEO Judith Erwin, and some of the top women in the banking industry are the lights guiding this financial institution. The dynamic team, composed of industry heavyweights who have over 200 years of combined experience in commercial banking and financial services, raised close to $100 million in order to obtain OCC* approval. The bank will focus on New York’s “innovation economy,” with corporate, venture capital, and start-up clients.

I played a crucial role in helping the new bank obtain approval from the Office of the Comptroller of the Currency (OCC) and make it to the starting line. I developed over 50 required standard operating procedures, working with various roles across the bank to determine procedures that would guide staff to perform all daily operations tasks in compliance with federal banking regulations. I brought my expertise in T24 to the task, and helped develop and document software requirements as well as procedures. My role included business analysis and training as well as technical writing, and I helped the team learn end-to-end processes for all daily and monthly procedures, from taking a deposit and boarding a loan to generating a financial statement.

I worked closely with the Chief Risk Officer, Sally Myers, to develop the required procedures to provide oversight from a risk mitigation and compliance perspective. I worked with CFO Sangeeta Kishore to ensure that the Operations team provided all required data and reports to her desk in a timely manner.

It was an exhilarating challenge and a great deal of fun, working with a fantastic team of people in an extremely dynamic, fast-paced environment. My daily compadres were the Operations team, under COO Gary Blumenthal,  and it was a real pleasure to work with this group to ensure they would be able to perform all required tasks on day one.

We focused on the user experience (UX) to ensure that staff and customers will love using the bank’s internal and external banking tools, developed for mobile and the web. The team of T24 consultants under Nikki Nelson were amazing to work with, and they were instrumental in bringing the bank to the point of opening the doors yesterday.

I wish the wonderful folks at Grasshopper Bank every success as they open their doors for business. Mazel tov!

*The OCC is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and thrift institutions and the federally licensed branches and agencies of foreign banks in the United States.

New York Technical Writer’s Opinion on Software Implementation Versus Development: A Look at the Temenos T24 Banking Software

What is the difference between software implementation and software development? They sound like two very different things, don’t they? However, it depends on the nature of the software involved. Since February 2010, I have been working as the technical writer on a team for a Vancouver-based financial institution that is implementing Temenos T24 software. My role has involved developing customized online help to go with each screen of the software.

You might wonder why this is necessary. The reason is that Temenos is not an “out of the box” solution, like Microsoft Word, that is ready to go the minute you buy it.  Though for those of us who have upgraded through various releases of Word, it is not really ready to go, as we have favourite ways of setting up the program to work for us. Come to think of it, the more expert a user is, the more they are likely to customize aspects of a software package before starting to use it. But I digress!

Used by over 600 banks world-wide, the Temenos T24 software is a very robust package that is customizable for each financial institution’s unique needs. The implications of this might not be obvious at first, but the software is actually intended to be developed further once it is purchased by a client. The documentation that comes with the Temenos T24 software is not intended for end users in banks and credit unions, such as front-line staff and people working in the back office to complete the behind-the-scenes aspects of banking. The Temenos T24 documentation is very comprehensive, but its intended audience is the implementation team of software developers, business analysts, and others who need to understand the nuts and bolts of the software’s structure of tables, applications, and modules. Using this knowledge, the implementation team must develop their own databases and screens for use with their company’s existing member structure, products, and processes.

Thus, the implementation team becomes a development team. Once development is involved, it necessitates an entirely different set of skills than implementation. Coding, testing, designing user interfaces, creating business requirements (if you don’t have them already! 😥 ) and functional specifications, and creating end user documentation. And that’s where I come in. To the best of my knowledge, I was the first technical writer in Vancouver with experience developing end user documentation for the Temenos T24 software. [Later update: I have assisted 2 companies with their T24 implementation and consulted with a third to provide advice about supporting banking software users with appropriate documentation. I also assisted with user interface design on several implementations.] If your company is undergoing a Temenos implementation, I would be happy to assist you with creating online help and quick reference materials that are suited to your banking processes. The key to a successful implementation is ensuring that everyone knows how to use the new software! I can help you do that.

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