Modernization

Procurement and modernization.

Modernize a market system without allowing the procurement process or technology provider to define the institution’s objectives.

01

Define

Market and institutional objectives.

02

Map

Current system, dependencies, and continuity conditions.

03

Specify

Functional, technical, legal, control, and assurance requirements.

04

Transition

Migration, testing, fallback, and participant onboarding.

05

Operate

Governance, reporting, evidence, and post-launch review.

Functional fit

Performance and scalability

Security and resilience

Interoperability

Data rights and portability

Governance and change control

Regulatory and legal fit

Control and evidence capability

Provider financial and operational strength

Transition and exit rights

Total operating cost