FT5002 Digital Transformation in Finance Assignment Questions 2024-25 | NUS

Published: 16 Jul, 2025
Category Assignment Subject Finance
University National University of Singapore Module Title FT5002 Digital Transformation in Finance
Academic Year 2024-25

FT5002 Digital Transformation in Finance, Assignment Questions

Question 1 (20 marks)

Consider a scenario where you want to purchase travel insurance for your parents from Singlife. You are not accompanying your parents on their trip and would therefore only need to purchase travel insurance for both of your parents.

Draw the current as-is Customer Journey from Singlife for the purchase of travel insurance for your parents (Hint: please refer to the Customer Journey example on slide 19 of Lecture 3).

Question 2 (20 marks)

Apply the dimension of Customer Obsession from the High Level Framework for Digital Transformation to improve customer experiences by re-designing the Customer Journey from Question 1. Explain your changes.

Question 3 (15 marks)

Assume that the current legacy travel insurance application was designed as a three-tier architecture with the following functionalities:

  • Applicant profile
  • Policy types (single trip, annual trip)
  • Coverage type (Individual/group, family)
  • Travel plan types
  • Add-on services
  • Premium calculator
  • Registration and log-on, with Singpass if appropriate
  • Travellers’ information
  • Payment services

In addition, assume that the backend insurance legacy system consists of the following major functionalities:

  • Underwriting
  • Claims Management
  • Policy Administration
  • Customer Relationship Management
  • Billing and Collections
  • Fraud Detection
  • Actuarial Services
  • Marketing and Sales
  • Partner Management

The three-tier travel insurance application is integrated with the backend insurance legacy system via the messaging MQ Series.

Draw the IT application architecture for this three-tier travel insurance application. (Hint: Refer to Lecture 8)

Question 4 (15 marks)

Redesign the above 3-tier application in Question 3 into a Microservice Architecture. (Hint: refer to lectures 8 and 9).

Question 5 (10 marks)

To digitally transform the above travel insurance application from traditional three-tier architecture into Microservice Architecture, the IT Head was weighing the following two options:

Option 1 – As this is not a complex application, develop the new travel insurance application with Microservices Architecture independently. Once the new application is fully tested, do a parallel run for 3 months with the current 3-tier application before going live.

Option 2 – Host the new application with Microservice Architecture in a public cloud like AWS, Azure, or Google Cloud.

These two options are not mutually exclusive.

Discuss the pros and cons of the above two options.

Struggle With assignments and feeling stressed?

Order Non-Plagiarized Assignment

Question 6 (20 marks)

After the re-design into Microservice Architecture, if the business decides to partner with travel agencies and banks to distribute this new travel insurance product as a service,

1. What are the architecture design options and associated pros and cons?

2. Draw the architecture diagrams of your proposed options.

Stuck on your FT5002 Digital Transformation in Finance? Don't worry! Our Finance Assignment Help service is the best for you. If you need help with assignments, our expert PhD writers will provide you with original content. And yes, you will also get free assignment samples, which will give you a perfect idea of ​​how to write a top-quality assignment. Don't worry about the deadline, as we guarantee on-time delivery. Contact us now for high-quality and plagiarism-free work and boost your grades!

Workingment Unique Features

Hire Assignment Helper Today!


Latest Free Samples for University Students

MED031-6 Final Project in Mass Communications Assignment 2 Example | University of Bedfordshire

Category: Assignment

Subject: Education

University: University of Bedfordshire

Module Title: MED031-6 Final Project in Mass Communications

View Free Samples

BABM2006 Work-Based Management Project Assignment 3 Example

Category: Assignment

Subject: Management

University: De Montfort University

Module Title: BABM2006 Work-Based Management Project

View Free Samples

LAA127/LAA127C Contract Law Assignment Coursework Sample 2025

Category: Coursework Example

Subject: Law

University: Swansea University

Module Title: LAA127/LAA127C Contract Law

View Free Samples

MGT4541 Strategy, Leadership and Management of Organisations Assignment 3 Example

Category: Assignment

Subject: Management

University: Middlesex University

Module Title: MGT4541 Strategy, Leadership and Management of Organisations

View Free Samples

DGM22702 Digital Consumer Journey Project Example 2025-26 | RUL

Category: Assignment

Subject: Computer Science

University: Ravensbourne University London

Module Title: DGM22702 Digital Consumer Journey

View Free Samples
Online Assignment Help in UK