Markos, Solomon(PhD)Gebeyehu, Azmeraw2019-10-302023-11-042019-10-302023-11-042019-06http://etd.aau.edu.et/handle/123456789/19700The purpose of this research is assessment of implementation challenges and conceivable means of resolution in replacing the existing core banking system in Wegagen Bank S.C. Thus the researcher came up with a major research gap of which driving factors are pushed banks to replace the CBS, what factors having implications on project success and finally what are the strategies to avoid or reduce the challenges on the project progress. Raising research questions on the driving issues of CBS replacement project, different challenging factors on the process and overcoming strategies on the project progress were entertained to fulfill the objectives of the study. The data collection tools were questionnaires. The study was conducted on a census survey. Research questionnaires were distributed for all 32 members in the project office and individuals who participated in the data cleaning and migration process at branch level and 28 were returned back on time. The response rate was 87.5%. The findings of the study revealed that there is a drive factors that Wegagen Bank S.C. are replaced their core banking system (Omni Enterprise CBS) by the new Oracle Flex Cube Core banking system. New customer centric strategies requiring new technologies, to cope up with competition and organic growth in customer numbers and product range are driving factors for the bank. Whereas, the findings reveled also that data migration, understanding the function of the new core system environment and complexity of legacy system integration are a major challenges for the project. Generally, the outcome of the research confirmed that good cooperation and communication with the implementation partners, close interaction of business and IT, training the staff on skill gap and the bank culture has positive impact on the core banking system replacement project. Finally, recommendations are outlined at the end on what actions should be taken to improve this practiceen-USCore banking systemReplacementImplementationThesis