Establishment of an innovative payment method
National banking association
Due to digitalisation, innovations have emerged in the financial sector, which have now emerged as standards and have set the pace of market developments. In particular, the payment transactions segment has progressed greatly. Due to this, various banks in the German banking sector have decided to develop a joint solution in the form of a payment procedure for online, as well as stationary trading at point-of-sale.
The aim of the project was to create a competitive new payment method for internet and stationary businesses. The request was to use the existing account and payment traffic infrastructure.
Upon analysing the requirements of the different user groups, the definition of the basic product features was first coordinated. In a first draft, a description of the business processes emerged, which showed the corresponding processes and necessities at a singular level and reestablished the developed definition of the necessary safety principles.
On the basis of this, an architecture design could be created and a rough estimate for the expected implementation effort could be given. This went hand in hand with the conception of the project plan for the further phases of the technical conception and subsequent realisation, especially in regards to communication and coordination with the stakeholders.
As a result, the banking association was supported and a cross-bank payment method was designed using the existing infrastructures, both professionally and technically, in order to prepare for the next phase of fine-tuning.
Creating a foundation for strategic standardisation
Leading national development bank
A number of requirements needed to be taken into account for the introduction of a credit system in an existing system landscape based partly on own developments. In terms of skills and costs, the maintenance requirements need to be determined. Looking to the standardisation of processes and applications, a harmonisation with the IT strategy was necessary.
The aim of the project was to establish transparency regarding existing standard solutions in the market, to identify key criteria for the listing of suitable suppliers, and finally to facilitate the evaluation of possible implementation scenarios for potential solutions.
The first step was to prepare a comprehensive and detailed market study in order to contact the solution providers in a targeted way with a questionnaire. On the basis of this, a list of providers could be created. The parallel matching of key criteria allowed to create a qualified shortlist to evaluate the defined implementation scenarios in conjunction with the functional coverage of the credit systems.
Ultimately, the project led to the identification of the optimal solution for the specific situation of our client. Additionally, the effects of the IT transformation have been used for the strategic orientation of the institute.
Ensuring level-specific control capabilities
Leading national development bank
Regarding a large number of ongoing programs and major projects, it is essential for senior management, as well as for all other management levels involved, to ensure governability in the sense of control and steering. Challenges include a lack of transparency and the methodological basis.
The aim of the project was to give management the control and enable steering at all levels, depending on their level, specific requirements and possibilities.
At the beginning, analyses were carried out, on the basis of which relevant actions could be identified, which increased the level-specific controllability for them and in the entire entity. These were, in particular, the improvement of the planning through a methodological foundation, the accompanying establishment of processes, as well as the introduction of tools for the purpose of transparency of the planning, the dependencies, and the progress. Adaptations especially in regards to the level specification helped to increase the controllability for the respective target group.
As a result, the client was given transparency at all management levels. This, supported by identified measures, allowed an increase in the controllability.