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Payments TRL TRL 9

Payments Modernization (ISO 20022)

domain Client: Major US Bank handshake Provider: Volante Technologies schedule Deploy: 24 Months
88 Impact
Enterprise Ready
Evidence Score: 8/10
Strength: Tier 2

Executive Summary

ANALYST: COI RESEARCH

Overhaul of payment processing infrastructure to support ISO 20022 standards and real-time payment rails.

rate_review Analyst Verdict

"Necessary modernization to remain competitive in transaction banking; decoupling payments from core is the best practice."

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Full Audit Report Available Includes Risk Register, Technical Specs & Compliance Data.

warning The Challenge

The global shift to the ISO 20022 messaging standard and the emergence of instant payment networks (like The Clearing House RTP and FedNow) rendered the bank's legacy payment hubs obsolete. These older systems were hard-coded for limited data fields and batch processing, making them incapable of handling the rich data payloads and 24/7 availability required by the new standards. Modifying these monolithic systems carried an unacceptably high risk of service disruption.

psychology The Solution

The bank deployed a cloud-native, low-code payments platform to act as a modern processing layer, effectively decoupling payment orchestration from the legacy core banking system. This 'Payments-as-a-Service' approach allows the bank to rapidly configure new payment types and routing logic without touching the underlying ledger. The solution natively handles ISO 20022 transformation and provides the high-availability infrastructure needed for real-time settlements.

settings_suggest Technical & Deployment Specs

Integrations
Core Banking, Clearing House
Deployment Model
Cloud
Data Classification
Confidential
Estimated TCO / ROI
High replacement cost
POC Summary (2021-01-01 to 2021-06-01)

"RTP receive flow."

shield Risk Register & Mitigation

Risk Factor Severity Mitigation Strategy
Migration Failure High Parallel run strategy

trending_up Impact Trajectory

Audited value realization curve

ISO 20022 Compliant Verified Outcome
Primary KPISupport for RTP/FedNow
Audit CycleDecoupled Architecture

policy Compliance & Gov

  • Standards: FedNow, SWIFT
  • Maturity (TRL): TRL 9
  • Evidence Score: 8/10
  • Data Class: Confidential

folder_shared Verified Assets

description
Verified Case Study
PDF • Version 3
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Technical Audit
PDF • Audited
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Security Architecture

The "Blind Verification" Protocol

How we verified these outcomes for Major US Bank without exposing sensitive IP or identities.

Private
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1. Raw Evidence

Audit ID: #PRIV-347
Evidence: Direct SQL Logs
Public
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2. Verified Asset

Outcome: Verified
Ref ID: #COI-347

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