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Modernizing Core and Real-Time Payments for a Future-Ready Trade Bank
A European trade-focused bank upgraded its core and payments infrastructure to enable SEPA Instant processing, ensure regulatory compliance, and deliver 24/7 real-time services to corporate clients.
Client
- Client
Challenge- Solution
- Impact
Client
The client is a mid-sized European bank operating in the international trade finance space. Headquartered in Southern Europe, the bank specializes in corporate banking services such as cross-border payments, remittances, currency exchange, and term deposits. Operating in a highly regulated market, the institution supports corporate clients that demand speed, reliability, and compliance across international payment rails.
Challenge
As payment ecosystems across Europe rapidly evolved, the bank faced increasing pressure to modernize its core banking and payments infrastructure. Its existing Temenos release lagged behind regulatory and market requirements, limiting the bank’s ability to participate in real-time payment schemes and comply with new messaging standards. Without an upgrade, the bank risked delayed transactions, regulatory non-compliance, operational inefficiencies, and an inability to meet growing customer expectations for instant, always-on payments.
Solution
The bank partnered with Temenos and its implementation experts to execute a structured, two-phase modernization program. The core Temenos Transact platform was upgraded sequentially from Release 17 to Release 21, and subsequently to Release 24 AMR, ensuring a controlled transition while minimizing operational risk. In parallel, the Temenos Payments Hub (TPH) was implemented and enhanced to support high-volume, real-time payment processing. The solution included integration with TARGET2 and the European Central Bank’s TARGET Instant Payment Settlement (TIPS) platform, enabling SEPA Instant Payments. Additionally, the bank adopted SWIFT MX messaging standards, ensuring compliance with evolving cross-border payment regulations. By executing the upgrade and payments modernization concurrently, the bank accelerated time-to-value while maintaining platform stability.
Impact
The modernization program delivered measurable business value by positioning the bank as a future-ready payments provider. With instant payments now processed in seconds and available 24/7, the bank significantly improved service levels for corporate customers. Regulatory compliance with TIPS, TARGET2, and SWIFT CBPR+ reduced operational and compliance risk while strengthening the bank’s market credibility. From a leadership perspective, the upgraded platform created a scalable foundation for growth—enabling faster product launches, improved operational efficiency, and the agility to adapt to future regulatory and market changes. The transformation reinforced the bank’s digital strategy, supporting sustainable growth while preserving its lean operating model.
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