Development and maintenance of Next Generation ACH Payment Solution for MENAT Countries for a large multinational Bank

The Client

One of the world's largest banking and financial services organizations based serving approximately 40 million customers. 

Business Challenge

The bank wanted to transform to a next-generation ACH Payments solution to ensure a responsive, uninterrupted, and enhanced customer experience for corporate customers executing Low-value payments transactions.  The program involved several category A services requiring uninterrupted 24 x 7 support and coverage, to get in sync with parallel transformations across GPS on cross-impacted applications & products, Environment availability, Stability, and training.  

Our Solution

The program required re-architecting the legacy/ mainframe Monolithic tightly coupled architecture to an API & Microservices cloud-based ecosystem with a balanced RAC (Resiliency availability and consistency). The database upgrade was required. For each functionality of the Core banking engine, orchestration and execution were scoped out and built in as a nano service using POLAAS framework.  Coforge provided a dedicated Program Manager for the program, continuous value delivery via prioritized user stories and SLA Based production management and achieved 100% Milestone schedule adherence. 

The Result

  • Phase wise Disruption-free migration to the new system 
  • Vendor sharing around 50% ownership of the solution. 
  • Revamped business and functional architecture 
  • Sharp and efficient delivery and Implementation plan 

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