The Bank formation process includes the following steps:

1. Analysis of the special requirements for the bank set up
   • establishment of the legal requirements (banking licence, taxes)
   • support at the contact with public authorities
   • analysis of the necessary collaboration-models (processes) within the new bank
   • interviews with all involved business units concerning the functional requirements of a IT-banksystem
   • creation of a requirement catalogue with a benchmark of importance
2. Assessment and choosing of a bank system
   • choosingthe potential target systems
   • reviewing of the target systems in cooperation with the business units
   • establishment of the complete score and the decisions documents
3. Set up of the new bank
   • support at the contact with public authorities (taxing authorities etc.)
   • definition, documentation and set up of the collaboration model (processes)
   • implementation of the IT-system
   • creation of the essential data (customer data, business data, etc.)
   • definition, development, and implementation of interfaces
   • training of employees
   • testing the new software incl. interfaces
   • day one management