With the introduction of Instant Payments, it was necessary to adapt the entire clearing and settlement cycle of a Dutch client focused on providing settlement services. In the past, the exchange and processing of payment transactions between banks occurred through batch processes. However, Instant Payments needed to be processed individually, 24x7x365, and within 7 seconds.
The role of the clearing and settlement processor is crucial in this context, as all transactions from all banks flow through this processor. In the final phase of this complex programme, Projective Goup led the ultimate implementation, taking on various roles including Program Manager, Project Manager, and Project Management Officer (PMO).
Our added value lays in the leadership of complex change initiatives, supported by years of experience and deep domain expertise of the payment value chain. The focus on achieving the end result through our implementation expertise and determination, as well as establishing connections between various internal and external stakeholders, including all participating banks, was instrumental.
Thanks in part to our efforts, the Instant Payments Clearing and Settlement System (CSM) was successfully introduced within the agreed timelines. Within 3 months of its introduction, the majority of all consumer credit transfers were being processed as instant payments.
Über Projective Group
Projective Group wurde 2006 gegründet und ist ein führender Spezialist für Veränderungen im Finanzdienstleistungssektor. Das Unternehmen verfügt über umfassendes Fachwissen in den Bereichen Data, Payments, Transformation und Risk & Compliance.
In der Branche sind wir als umfassender Lösungsanbieter anerkannt und arbeiten partnerschaftlich mit unseren Kunden zusammen, um ganzheitliche und pragmatische Lösungen zu bieten. Wir haben uns zu einem vertrauenswürdigen Partner für Unternehmen entwickelt, die in einer sich ständig wandelnden europäischen Finanz- und Unternehmenslandschaft erfolgreich sein und wachsen möchten.
