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Instant Payment implementation

PROJECT DATA

 

Hungary
2017 – 2020

SERVICES PROVIDED

 

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Project Management

METHODOLOGIES USED

 

Always aligning to the expectations, Client-side internal methodologies were used, including templates and standards for project preparation, planning, resource planning, project risk management, project reporting.

Classic Waterfall or Agile project management methodologies were applied.

In some cases hybrid project methodologies were applied to reach the project goals and milestones within the given framework.

Project scope and targets

In 2016, the Central Bank started a countrywide project in partnership with GIRO Zrt., and 35 payment service providers to implement an instant payment solution, ensuring the execution of payments between Hungarian payment accounts within seconds, on a 24/7/365 basis.


As most of the legacy systems are not designed for 99,9% availability, Banks had to make massive developments, and introduce new shadow systems to be able to comply to the regulations till the given deadline.
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Our main contribution

Executing the complete end-to-end delivery of the Payment system (Payment HUB) for one Bank.


For other Banks providing Project Management or PMO Services, to ensure the delivery in time, on budget, from the planning phase till the go live.


Delivering the complete technical solution for one Bank for the GIRO communication.


Providing IT experts, to cover several activities (requirement specification, planning, real-time balance handling, business analysis, etc.).

Project organization and roles

Complete solution delivery for a fixed scope.


Project Managers / Work Group Leaders managing a complete Client-side business, IT or operation team, or even multinational external solution provider vendors.


IT experts working together with a Client-side internal team, being responsible for dedicated tasks, processes or systems.

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Main involvement areas

  • End-to-end delivery
  • Project planning
  • Scope management
  • Project reporting and monitoring
  • Planning and follow-up of Milestones and Resources
  • Business consultancy

MINDSPIRE profiles involved

  • Project Managers
  • Business Analysts
  • Payment Experts
  • Technical Experts
  • Lead IT Architects
  • Test Managers, Testers