A Tier 1 global bank needed a seamless path to ISO 20022 compliance, but complex system integrations, tight regulatory timelines, and the scale of change posed significant challenges.
RedCompass Labs delivered a full migration program across six countries, integrating the FIS solution with 25+ impacted systems and establishing direct connections to T2 and CHAPS.
With a structured, end-to-end approach, we ensured the bank met its deadlines while defining a five-year strategic roadmap for ongoing optimization and future growth.
Our services in action
The Challenge
Complex integration
Seamless integration with legacy systems was a major hurdle—the bank needed to incorporate the FIS solution into its existing technology stack without disrupting operations.
Data migration and mapping
Data migration and mapping posed a challenge, requiring precise handling to ensure accuracy, integrity, and full compatibility with the new ISO 20022 standard, all while keeping critical banking functions running smoothly.
Regulatory timelines
With tight regulatory deadlines looming, the bank had fallen behind schedule, putting compliance at risk and increasing pressure to accelerate the implementation without compromising quality.
The Solution
Migration roadmap
RedCompass Labs kicked off with initiation workshops, defining the business case, options, and resource planning to align stakeholders and create a clear migration roadmap.
Integration strategy
Through system analysis and design, we mapped end-to-end requirements, system architecture, and key risks to build a resilient, low-risk integration strategy.
Testing and go-live
To ensure a smooth transition, we optimized end-to-end testing with synthetic data and managed deployment sequencing, dependencies, and contingency planning for a seamless go-live.
The Results
RedCompass Labs successfully delivered the ISO 20022 program across six countries, ensuring seamless compliance and integration. We established direct connections to T2 and CHAPS, enabling smooth access to critical payment systems.
To support this transition, we updated over 25 impacted systems, synchronizing changes across the bank’s infrastructure.
Beyond immediate compliance, we also defined a five-year strategic roadmap, providing a clear path for ongoing optimization and future enhancements.
ISO 20022 ready across 6 countries
Established 2 direct connections
Implemented changes to 25 systems
A structured approach to success
Seamless ISO 20022 migration starts here
Let’s future-proof your payments infrastructure.