case study - real time payments (bank)
New Real Time Payments Platform Implementation Assurance at a major Australian Bank.
The Reserve Bank of Australia, with support from Australia’s banking regulators and bodies, requested the implementation of a real time payments solution, with a budget of $1.6 billion. CPT was requested by a major Australian Bank to manage all aspects of its testing capabilities for the implementation.
CPT was given the accountability to establish, manage and drive application testing, client internal solution testing and industry program testing. In addition, CPT was responsible for environment provisioning, test data management and environment management services.
CPT’s Testing Services covered full solution functionality, non-functional risk mitigation and business process and user acceptance. During the course of the program, CPT also took over program integration, release planning, release management, implementation planning and implementation management.
CPT represented the Bank at Industry Working Groups and was a leader in driving Industry working groups and sub-groups.
The Bank in partnership with CPT was able to successfully rollout a quality, stable and reliable real time payments solution to their customers.
CPT has been a key player in Real Time Payment platform implementations at three major Australian banks and has gone on to be a delivery thought leader in payments modernisation programs globally.
Related service: real time payments