Development of a Modular Data Exchange and Workflow Automation System for Financial Institutions

The client faces difficulties in optimizing data flow handling for payment card issuance and transaction processing. They need to support hundreds of concurrent projects with complex interdependencies. Additionally, existing legacy systems lack proper documentation, hindering efficient reverse engineering, behavior analysis, and operational improvements. There is also a need for standardization in process creation and modification to accommodate diverse banking interfaces and operational requirements.

A large banking or financial institution requiring streamlined payment card data processing, transaction management, and multi-project workflow orchestration.

• Implement an automated, scalable data exchange system to facilitate secure and efficient transfer of payment and transaction data between banks and internal systems.
• Enable support for hundreds of simultaneous business projects with multilevel interdependencies, ensuring reliable process orchestration.
• Standardize process creation and operation, allowing flexible modifications at individual process steps to meet specific bank requirements.
• Develop a user-friendly management interface for process supervision and adjustments, improving operational oversight.
• Utilize components-based process design to accelerate onboarding of new banking clients and reduce integration time.

• Automated data exchange logic using dedicated workflow processes for file-based transaction data transfer.
• Support for configuring and managing hundreds of concurrent, interrelated business projects.
• Standardized process templates with modifiable steps to tailor operations to individual bank needs.
• Visual process modeling using BPMN or similar standards for clarity and flexibility.
• Browser-based management interface for process monitoring and manual interventions.
• Component-based process assembly to enable rapid deployment for new clients.

• Banking systems and clearing operators for data exchange
• External services supporting payment processing and transaction validation
• Legacy systems requiring reverse engineering and behavior analysis

• System scalability to support hundreds of concurrent projects
• High data throughput and processing performance
• Robust security measures for sensitive financial data
• Ease of process modification without extensive redevelopment
• Availability and reliability suitable for real-time financial transactions

The implementation of this system is expected to significantly reduce process deployment time from potentially weeks to days, enable rapid onboarding of new banking clients through component-based processes, and support hundreds of concurrent projects with complex dependencies. Enhanced process standardization and customization will lead to improved operational efficiency, regulatory compliance, and data accuracy, ultimately delivering a more agile and scalable financial data management infrastructure.