Application Foundry
The most transformative proofs of concept developed by the Innovation Leaders through the Innovation Leadership Programme are selected for agile prototyping and deployment. The process will involve global competitions to crowdsource ideas from technologists and identify the best implementation partners among both other financial authorities and vendors.
Resourcing
- Choose vendor selection model that best fits project’s need
- Vendor selection through global competition
- Vendor due diligence and contracting
Prototyping
- Use the “lean” approach to accelerate testing and development
- Apply “rapid learnings” from each iteration to progressively refine the project
- Frequent iterations with checks-in with supervisory agency and course corrections
Production
- Prototype tested
- Capacity building for supervisory agency to maintain the application (if required)
- Implementation of change management plan
Examples of applications developed
