PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606342

Primary Business Area

Financial Institutions Group

Disclosure Date

May 21, 2023

Country

Philippines

Region

East Asia and the Pacific

IFC Approval Date

Jun 22, 2021

Status

Completed

Estimated Total Budget

$2,327,743.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 9, 2025

Project Estimated Start Date

Jul 1, 2021

Project Estimated End Date

Dec 31, 2023

Project Description

The Advisory Project – Activities and Deliverables The project is divided into five main workstreams: 1. Value Proposition, 2. Business and Operating Model, 3. Technology Architecture, 4. Data & Analytics, and 5. Risk & Governance, with all 5 workstreams supported by a project management office. C1: Value Proposition Definition and Product Design IFC will validate and support the new Digital Bank (DB) to define and articulate its value proposition based on the following considerations: market, service/ products to deliver, target segments and competitors, vision and mission, strengths and weaknesses. The team will also guide the DB team to ensure that the customer journey focuses on the needs of the customer across all channels and business lines. C2: Business Operating Model and Financial Model IFC will support the client to develop an operational roadmap and implementation plan for the Digital Bank, and validate and calibrate business requirements. This component will also cover Financial Modeling to validate strategic business assumptions. C3: Technology Architecture The technology stream outlines and validates the required functional architecture, applications, IT tooling, infrastructure approach, IT Security and Technology Risk and the requirements and resources required. C4: Data & Analytics IFC will support the development and implementation of data strategies and tools in order to ensure successful and efficient usage of data in the digital products. C5: Risk & Governance The Risk workstream will work with the other workstreams, to ensure alignment over the DB’s overall risk management strategies. III) Project Management The project activities described above will be supported by a PMO consisting of IFC and UBP team members.

Development Results

E&S Risks / Impacts and Mitigation