S.M.A.R.T DIGITAL BANKING TRANSFORMATION

T 24 COMPLETED SOLUTIONS 


Empowering Cambodian financial institutions with secure, scalable core banking software — built for CIFRS compliance and digital- first growth.

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VCONNECT (CAMBODIA)

QUICK INFORMATION

— Trusted by 80+ Financial Institutions Across Cambodia

20
Full-stack & fintechspecialists
80+
Banks & financial institutions
100%
Included Customization
Tailored work flow
08
Management Teams
Experienced leadership
20
Years of Establishment
Trusted since 2004
100%
Compliance & Free Update
Always audit-ready
04
04
PCG · CMA · CBC · SERC
24/7
Customer Care & Support
Always here for you

T24 Completed Solutions

— End-to-end implementation & support for T24

01

T24 SELECTION PROCESS

Right version & modules

02

INFRASTRUCTURE CONSULTATION

Hardware, network & cloud

03

T24 PROJECT CO- IMPLEMENTATION

Joint delivery with your team

04

T24 Data Migration

Secure & accurate transfer

05

CIFRS Accounting Consultation

IFRS compliance & reporting

06

T24 Customization & Integration

Tailored to your needs

07

Compliance Consultation

Regulatory requirements

08

VBANX Data Warehouse

Analytics & reporting

09

T24 Annual Support

Ongoing maintenance & updates

T24 Selection Process

The T24 core banking selection process involves evaluating the system's ability to meet the institution's operational needs, scalability, and compliance requirements.

Strategic Planning & Assessment

Define vision and objective of transformation. Access core banking strength, weakness and gaps.

Proposal & Consultant Firm Evaluation

Prepare RFP including detailed requirements and expectations. Analyze responses from vendor based on criteria. Conduct demonstration and POC.

Temenos & Consultant Agreement Review

A comprehensive evaluation of the agreement between Temenos and the consultant, focusing on the scope of services, deliverables, compliance requirements, confidentiality clauses, and terms of compensation to ensure alignment with project goals and regulatory standards.

Phases in Temenos T24 Implementation

INFRASTRUCTURE CONSULTATION

Implementing a new T24 core banking system requires a well-planned IT infrastructure to ensure efficiency, scalability, and security.

Infrastructure site photo 1

SERVER AND NETWORK DESIGN

Assess current IT infrastructure. Analyze T24 requirements and transaction growth in following years. Propose the ready hardware for PRD, UAT, SIT, Development, Cluster

ACCESS MATRIX AND OPTIMIZATION

onsite review all business process and practical workflow. Design new workflow that aligns with T24. Optimize and define clear UAM

SECURITY AND COMPLIANCE TO TCRMG

Implement robust security measures to protect sensitive financial data and comply with local regulations and audit requirements.

T24 PROJECT CO-IMPLEMENTATION

Co-Implementation with Consultant firm to ensure the bank’s deliverables expectation , project quality and timeline.

✓

BUSINESS REQUIREMENT AND SPECIFICATION

BRD, TFSD, CR analysis and design.

✓

PROJECT DESIGN AND PLANNING

T24 Project schedule in Microsoft Project, Project Organizational Structur.

✓

PROJECT HUMAN RESOURCES

Project Manager, Finance consultant, T24 business analyst, QA for SIT/UAT, B2B Integration specialist, T24 developer,Data Migration engineer, Infrastructure engineer.

✓

PROJECT MONITORING AND EVALUATION

Tracking project progress, Analyze risk and planning, Evaluation and frequent reporting.

✓

ISSUES RESOLUTION AND NEGOTIATION

Cross department and management communication for issue resolution, tracking of issue and get resolution on Jira/Ticket platform.

✓

GOLIVE AND HANDOVER PLANNING

Prepare Go-Live detail planning, users arrangement, source code handover, after live support...etc.

T24 DATA MIGRATION

T24 data migration involves transferring data from as ource system to the T24 banking platform. This process ensures that all essential data, such as customer information, transaction records, and account details, is accurately moved, integrated, and validated to maintain the operational integrity and continuity of financial services. It typically includes data mapping, extraction, transformation, loading, and testing phases.

T24 data migration screenshot

DATA MIGRATION STRATEGY MAPPING

The data migration strategy in T24 involves analyzing source and target data structures, mapping fields between them, applying transformation rules for compatibility, and validating.

DATA MIGRATRION PROCESS AND SCRIPTING

development of script to extract data from legacy to T24. Fixing issue during validation. Follow the standard process: Trial, Mock1, Mock1 Cycle1, Mock2, Dress Rehearsal, Live migration big bang, Live migration phase approach

ACCOUNTING DATA PREPARATION

verifying accounting data and reports in legacy system. Preparing of proper internal account, Nostro, Vostro account. Opening balance and reconciliation. Run COB to review the daily movement.

T24 CUSTOMIZATION AND INTEGRATION

T24 customization adapts the system to specific business needs through configuration and added functionalities. Integration connects T24 with external systems using APIs or interfaces.

CUSTOMIZING EXISTING T24 FEATURES

Modifying standard functionalities to align with specific business requirements. Include enhancing workflows, adapting interfaces, or adding new parameters.

LOCAL DEVELOPMENT AND CODING

reating, testing, and deploying custom solutions directly within the system environment. This ensures tailored functionalities while maintaining compatibility with core features.

PI DEVELOPMENT AND 3 PARTY INTEGRATION

Enables seamless communication between the system and external applications. It supports integration with third-party services to enhance functionality and streamline operations

T24 customization and integration screenshot

CIFRS ACCOUNTING CONSULTATION

Full compliance & automation for BFIs and NBFIs

  • ✓NBC CIFRS COA
  • ✓CIFRS Integration Engine & DW
  • ✓External Audit & NBC Compliance
  • ✓Collective & Individual Impairment
  • ✓CIFRS Guideline & Support
  • ✓Product & Business Mapping
  • ✓CIFRS Accrual & Impairment
  • ✓BFIs & NBFIs Automation
  • ✓Full CIFRS, CIFRS for SME, CAS
  • ✓CIFRS Internal & Compliance Reports
  • ✓CIFRS Accounting Module
  • ✓CIFRS Full Loan Module Automation

COMPLIANCE CONSULTATION

Full compliance & automation for BFIs and NBFIs

VBANX Data Warehouse
  • ✓REGULATORY COMPLIANCE CONSULTATION
  • ✓NBC COMPLIANCE DATA CENTER AND CLOUD
  • ✓POLICY AND PROCEDURE TO ADAPT WITH T24

VBANX DATA WAREHOUSE

Modern analytics platform with real-time insights

  • ✓REALTIME API OR AFTER COB INTEGRATION
  • ✓CIFRS AND COMPLIANCE AUTOMATION
  • ✓ADDITIONAL FEATURES AND INTEGRATION
  • ✓MICROSERVICE ARCHITECTURE MODERN

T24 ANNUAL SUPPORT

Ongoing support for system maintenance, issue resolution, and updates. Ensures system efficiency, compliance, and minimal disruptions

T24 annual support team photo

SYSTEM AND DATA ISSUE FIXING

Support on IT related system and consult on any upgrade. Analyze issues of posted data and guide Admin to do adjustment

PREPARE USER GUIDE AND TRAINING

Prepare user manual in Khmer/English, update user manual frequently. Provide training to key users or ToT. Provide short guideline document.

ACCOUNTING AND COMPLIANCE

Review and consult on accounting process and requirement from NBC, Auditor and related parties.