Finance

Payment and Cash Management

Delivered critical Payment & Cash Management modules to strengthen a certified digital banking platform

Overview

TatvaSoft partnered with an internationally certified digital banking platform to deliver Payment and Cash Management modules for corporate and enterprise customers. Supporting 200+ payment formats across 30+ country versions with multi-language UX, the solution helps the client keep pace with evolving financial regulations and business demands while accelerating release cycles and improving time to market.

Customer

A global banking technology provider based in Germany enables financial institutions to modernize payment processing and treasury operations.

Germany

Challenge

With an increase in the pace of enhancement, the current strength of engineers was falling short and the customer was looking to augment their existing team to cope up with the changes and meet the aggressive deadlines. The client approached TatvaSoft with an idea to work on new modules as well as fix the existing issues in their product.

TatvaSoft on the basis of the client’s idea and vision successfully delivered all the modules in scope from its banking product “Payment & Cash Management”, achieving many high-level goals and tasks for boosting the client’s business.

Our team of competent Java developers is challenged to develop innovative and high-scaled applications. Prior to the development of Payment & Cash Management software, the business had following prime challenges and objectives:

To cope up with the continuously evolving business needs in the banking industry by incorporating them into their digital banking platform.
Increase the pace of development to improve time to market, planning aggressive releases of their solutions to not only retain but also to boost their customer’s confidence.
Faster time to market, ensure the vendor understands Agile processes in terms of scrums and sprints.
Find an economically viable solution to extend the existing team without compromising on quality and trust.
The technical team should understand the complex functionalities which were highly sensitive and in the purview of financial regulations.

Solution

TatvaSoft with their proven skills and java development expertise has emerged to be the best technology partner who helped the client achieve their objective of extending their digital banking solution in the most cost-effective way. Our team strictly adhered to the latest development standards followed daily stand-ups and iterative approach to ensure all the stakeholders are well informed about the progress of the development.

We have adopted the Agile methodology where our Scrum team was closely involved in sprint planning from the product backlog, preparing different Sprint charts like burn down, capacity utilization, etc. and involving retrospectives. The team also offered little extra time overlap to adjust the time zone difference and delivered the solution containing all market sought features like:

Offers digital banking access channel
Simplify payment processes
Supports 200+ payment formats, and 30+ country versions
Improve the visibility of accounts
Efficiently manage the transactions and
Expedite and improve the cash positions of corporate customers
Developed outstanding UX supporting all European languages apart from English.
Planning the features very dynamically to check on the time to market

Expertise

Tools & Technologies

Java
Spring Boot
Hibernate
Gradle
liquibase
Groovy
Angular
Bootstrap
HTML5
CSS3
Eclipse Luna on Ubuntu
n-tier
Apache Tomcat
MySQL

Result

TatvaSoft abides by solid security and quality parameters stemming from its SEI CMMI Level 3. The client has gained humongous benefits from TatvaSoft’s end-to-end software development services that gave a boost to the client’s business and offered benefits such as

Focus on core competencies.
Cost-savings approach.
Access to the best technological talent.
Reduced Total Cost of Operation.
Effectively approach to identify risks well before they become issues.

Ready to Build Your Custom Application Solution?

Tatvasoft is a reputed CMMI level 3 software and mobile app development company. When it comes to software development companies, Tatvasoft strives to be the best.

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