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Real-time Payment Solution Helps Hit 100% Demand Fulfillment

Industry

Financial Services

Company Size

£10-20Bn

Technologies

Application Developments

Domain Area

Real-Time Payments

Business Challenge

With the success of the same product in the UK and Thailand, this financial company acquired clients in newer markets. To replicate the product’s (IPS) success in these markets, they wanted to understand the functional requirements before the product launch.

This company partnered with Fulcrum Digital to work on a unified product strategy and gather requirements with the best of business analysis practices.

Solution

  • Fulcrum deployed expert professionals with average 10+ years experience in the payment domain for this project
  • Post requirement-gathering, Fulcrum took charge of implementing the unified product IPS-consolidated
  • The product implementation for different countries was successfully completed in tandem
  • Upon project execution, this financial company moved from Time and Material Model to Fix Bid Program based on the successful deployment
IT team working on new solutions
making payments through a cell phone

Benefits

The company saw decreased overall product-building and implementation cost by 11% with the newly flexible and dynamic real-time payment system
Fulcrum helped the company to meet the rise in demand for real-time payments
The flexible real-time payment system could easily be deployed in the new regions even with less customisation, saving 62% on time

11%

Cost Reductions

62%

Time Saved

100%

Customer Demand Fulfilled

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