PROJECT CHARTER
GENERAL PROJECT INFORMATION
PROJECT NAME BUSINESS ANALYST PROJECT SPONSOR
Finnest – Digital Banking Platform Deepak Yadav Riaan Rao (Founder)
EMAIL PHONE ORGANIZATIONAL UNIT
Deepakydv2601@[Link] +917014958253 Finnest Product Development Team
PROJECT TEAM MEMBERS EXPECTED START DATE EXPECTED COMPLETION DATE
Business Analysts, Developers, Compliance Officers 15 Jun 2025 15 Jan 2026
PROJECT LEADS EXPECTED SAVINGS ESTIMATED COSTS
Architects / Managers $237,750 $184,900
PROJECT OVERVIEW
PROBLEM Traditional banks are slow, charge hidden fees, and offer poor digital experiences. Young professionals and students
OR ISSUE struggle with managing money, getting transparent loans, and achieving financial literacy.
PURPOSE Build a digital-first, user-friendly bank that provides simple banking, budgeting, and investment features with
OF PROJECT transparency, speed, and security.
By offering a fully digital, mobile-first platform with AI-driven budgeting and instant payments, Finnest can capture the
BUSINESS
millennial and Gen Z market. With reduced infrastructure costs (no physical branches), profits increase while offering
CASE customers better services.
1,00,000 user sign-ups in first year
80% customer satisfaction (NPS ≥ 8)
GOALS /
95% transaction success rate
METRICS Reduce account opening time to <10 minutes
Compliance with RBI/financial regulations
EXPECTED MVP Deliverables (Jan 2026): eKYC, Fund Transfers, Debit Card, Dashboard, Chatbot
DELIVERABLE Future Phase Deliverables (Phase 2): Investments, International Payments
S
Digital onboarding with eKYC and instant account setup
Secure fund transfer options (IMPS, NEFT, UPI)
Smart savings dashboard (track balances, FDs, goals)
WITHIN
Virtual debit card and account controls
SCOPE Transaction history and mini statement generator
Customer support chatbot and FAQs
Branch banking / physical offices
International transactions in MVP
OUTSIDE
Complex investment products (mutual funds, stocks) – Phase 2
OF SCOPE Enterprise/corporate accounts
PROJECT SCOPE
TENTATIVE SCHEDULE
KEY MILESTONE START FINISH
Form Project Team / Preliminary Review / Scope 15 Jun 2025 20 Jun 2025
Finalize Project Plan / Kick Off 20 Jun 2025 30 Jun 2025
Define Phase July 2025 July 2025
Measurement Phase Aug 2025 Aug 2025
Analysis Phase Sept 2025 Oct 2025
Improvement Phase Oct 2025 Nov 2025
Control Phase Nov 2025 Dec 2025
Project Summary Report and Close Out Dec 2025 Jan 2025
RESOURCES
PROJECT
Business Analyst, Subject Matter Experts (SME), Product Manager, Developers, QA, UI/UX Designer, Compliance Officer
TEAM
SUPPORT
Cloud infrastructure (AWS/GCP), Payment Gateway, RBI compliance advisors
RESOURCES
SPECIAL
Strong security & data protection (AES encryption, PCI DSS compliance)
NEEDS
PROCESS
Product Manager
OWNER
KEY
STAKEHOLDE CEO, CTO, Compliance Head, Marketing, Regulators, Users
RS
FINAL
Young professionals, students, freelancers, SMBs
CUSTOMER
RISKS, CONSTRAINTS, AND ASSUMPTIONS
Regulatory approval delays
Cybersecurity threats
RISKS Customer adoption (trust in a new bank)
Third-party integration failures
RBI compliance must be followed strictly
Budget limit = $185K
CONSTRAINTS Timeline = 6 months MVP
Young users prefer mobile-first banking
Cloud infra will scale easily with demand
ASSUMPTIONS Partnerships with payment gateways & card providers will be secured
PREPARED BY DATE
Deepak Yadav (Business
Analyst)