Core Banking System diagnostic assessment

Scope as published

REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES - INDIVIDUAL CONSULTING SERVICES) Country: Independent State of Samoa Name of Project: Samoa Finance Sector Resilience and Development Project (SFSRDP) 2025 - 2029 (World Bank Financed Project P181456) Loan No./Credit No./Grant No.: IDA - E3780 Assignment Title: Diagnostic assessment for a core banking solution (CBS) Reference No.: CBS/ICS/010 1. The Government of Samoa has received financing from the World Bank toward the cost of the SFSRDP P181456 and intends to apply part of the proceeds to consulting services for the procurement of a Consultant to carry out a diagnostic assessment for a core banking solution for the Central Bank of Samoa. 2. The primary objective of the assignment is to conduct a comprehensive diagnostic assessment of the Central Bank's current operational environment, identify capability gaps, define future-state requirements, and provide a strategic recommendation and roadmap for introducing a Core Banking Solution that aligns with international good practices and future needs of the Central Bank. 3. The estimated assignment duration is for 8 weeks. The consulting firm is expected to begin work by January 2027. 4. The detailed Terms of Reference (TOR) for the assignment can be found at the following website: www.cbs.gov.ws and www.mof.gov.ws or can be obtained at the address given below: Central Bank of Samoa Financial System Development Department Level 1, Central Bank of Samoa Building 2 Apia City Boulevard Email: [email protected]. 5. The Bank now invites eligible all Individual ("Consultants") to indicate their interest in providing services. All interested Consultants should provide information demonstrating that they have the required qualification and relevant experience to perform the Services (attach curriculum vitae with the description of experience in similar assignments, similar conditions, responsiveness to the TOR etc.). Firms; staff may express interest through the employing firm for the assignment and, under such situation, only the experience and qualifications of individuals shall be considered in the selection process. 6. The evaluation criteria are: Mandatory A Master's degree in Information Systems, Computer Science, Finance, Banking, Business Administration, or a related field. A minimum of 1 0 years of professional experience in financial sector IT strategy and enterprise architecture. Central Banking Domain Expertise , including but not limited to: Core Functions: Proven experience working with or consulting for central banks, specifically regarding monetary policy execution, currency management (vault/mint operations), and government banking. Treasury & Settlement: Deep understanding of Treasury Single Account (TSA) management, Real-Time Gross Settlement (RTGS) system integrations, and Automated Clearing House (ACH) frameworks. Accounting Standards: Familiarity with central bank financial reporting, statutory accounting rules, and international frameworks (e.g., IFRS). Enterprise Architecture & Diagnostic Capability, including but not limited to: System Diagnostics: Demonstrated track record of conducting IT gap analyses, legacy system audits, and business process re-engineering (BPR) for complex financial institutions. Core Banking Systems: Strong technical knowledge of modern Core Banking Solutions (CBS), modular service-oriented architectures (SOA), cloud vs. on-premise trade-offs, and data migration complexities. Security & Resilience: Knowledge of financial sector cybersecurity frameworks, business continuity planning (BCP), and disaster recovery (DR) protocols. Strategy, Procurement & Roadmap Design , including but not limited to: Strategic Planning: Experience drafting high-level IT roadmaps, cost-benefit analyses, and Total Cost of Ownership (TCO) models for large-scale software implementations. Procurement Knowledge: Experience writing technical specifications, Functional/Technical Requirements documents, and …

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