Client: Internationally active bank

Challenge:

For regulatory reasons, the internationally active bank needed to modernize its payment processing and offer the option of processing incoming payments in real time via the SIC IP5 Instant Payment solution. The aim was to meet regulatory requirements and increase operational efficiency.

Our role:

We took on several key roles in this challenging project:

• Sub-project manager: responsible for planning, implementing and monitoring the project as well as coordinating the various stakeholders.
• Business analyst: Carrying out a detailed analysis of the existing processes and systems to define the requirements for the integration of the instant payment solution.
• Subject matter expert: Providing expertise on regulatory requirements and technological aspects of instant payments to ensure a smooth implementation.

Solution:

We developed a clear implementation plan that included the migration to the SIC IP5 solution. Our analysis of the existing systems helped to identify potential challenges at an early stage. By working closely with the IT teams and business departments, we ensured that all necessary customizations and integrations were completed on time.

Result:

The introduction of the SIC IP5 Instant Payment solution was successfully completed on time. It enables the bank to process incoming payments in real time. By optimizing internal processes and implementing modern technologies, the bank was able to increase its efficiency and strengthen its market position.