Key Highlights
30%
lower TCO via next-gen AMS
$600K
in savings
70%
reduced false positives for payments
Overview
Client name: Standard Bank
Region: South Africa
Industry: BFSI
Client since: 2012
Challenges
The client sought to modernize their corporate payment platform by adopting ISO 20022 standards to enhance the user experience and address regulatory requirements, as well as implement a robust monitoring system to track the payment lifecycle end-to-end.
Solution
1.
Modernized platform using AngularJS and an enhanced web interface to extend integration
2.
Transformed corporate customer channels for South Africa and 19+ countries in Africa
3.
Upgraded payment systems to ISO 20022
4.
Real-time business activity monitoring to improve traceability and exception handling
Impact
1.
Saved ~ $600K with corporate digital and payments transformation program
2.
Ensured regulatory compliance