Sopra Banking Software
Instant Payment System Implementation at Argenta
Pages
2
Time to read
4 mins
Publication
Language
English
Pages
2
Time to read
4 mins
Publication
Language
English
This case study details the implementation of an Instant Payment system by Argenta, a Belgian bank, in collaboration with Sopra Banking Software (SBS). The objective was to enhance money exchange and purchase services, allowing for transfers to occur within seconds. The project faced technical challenges, leading to a Managed Service approach where Argenta integrated SBS's Instant Payment software into its core banking platform. This method not only reduced costs but also fostered collaboration between the two firms. The successful implementation positioned Argenta as one of the first banks in Belgium to offer Instant Payments, processing over 2.4 million payments monthly. The case study outlines key milestones, including the transformation of Argenta's core banking system and compliance with PSD2 regulations. The partnership with SBS has proven beneficial, enabling Argenta to maintain a competitive edge in digital banking and improve service delivery significantly.