Case Study
Delivering SEPA solutions for a major commercial bank across 18 countries
Digital & Automation | Banks | Amsterdam
The Background
- The Single Euro Payments Area (SEPA) is a system of transactions created by the European Union (EU)
- NextWave Infinium was engaged by a major EU commercial bank to deliver SEPA solution for 18 European countries
The Challenge
- The delivery of the platform was running behind schedule
- There was a requirement to deliver at pace with a small focused team so as to ensure compliance with the SEPA payment schemes (SCT – Sepa Credit Transfers and SDD – Sepa Direct Debits)
The Approach
- The creation of test cases and test plans
- The System Integration (SIT) and User Acceptance (UAT) of the platform
- Go-live and run book support
- Post live support and issue management
The Impact
- Two months to analyse the business problems, prepare the data strategy document and socialise the recommendations with key stakeholders
- A set of key decisions which senior management needed to take to accelerate the data strategy
- Positive feedback from stakeholders on the recommendations including new insights which key stakeholders were not previously aware of
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