ISO20022 Payment Solution & Messaging Expertise

Business Challenge 

Our client is a market-leading global payments and technology provider. Our analysis of their setup highlighted a need for message experts in the ISO20022 payments domain with experience in documentation tools to automate the Message Implementation Guide (MIG) creation process. They also needed Subject Matter Experts (SMEs) with sound knowledge of the payment message formats like ISO20022 and SWIFT MT, and a solid understanding of electronic payment technologies like Instant Payments, Bulk Payments, RTGS, and Reporting. In addition to functional knowledge of payment systems and payment messages, expertise in data model management and documentation tools were also priorities.

Solution 

The payment solution and messaging expertise provided by Fulcrum ensures the MIG goes to the client’s customers, which include banks and financial institutions, with detailed information on the ISO20022 message structure. This enables the customers of our client to understand detailed and precise ISO20022 message structures applicable to them rather than referring the entire message definition of payment messages published by ISO20022.org. Following this, we will work with them to develop a system to send and receive the expected payment message structure. With the implementation of this technology and the use of ISO20022 standards worldwide in the financial sector, Fulcrum provides payments experts to clients to help them structure the solution, understand the functionality, and provide the best solutions with on-time delivery, accuracy, and expertise.

Benefits 

 Expertise on payments domain, ISO Messaging, and upcoming payment market practices.

 Payment domain and messaging expertise has boosted the productivity and hence improved the efficiency

 Enabled the client to meet the rise in demand for company's current payment solution

 End-to-end and reliable solution

Read the case study on our website: https://fulcrumdigital.com/case-studies/iso20022-payment-solution/