Treasury and Payment Optimization for Banking as a Service
Katy Osborn
Project Overview: INTERGIRO Product Development for Ledger & Core Banking Payment processor, merchant acquirer /Banking as a Service Project Title: Duration: January 2023 - June 2023 Role: Product Lead Organization: INTERGIRO (Contract) Project Description: This project focused on advancing INTERGIRO's capabilities as a Banking as a Software (BaaS) provider by developing essential tools and frameworks for enhanced payment processing and financial management. As the Product Lead, I spearheaded several key initiatives to achieve the following objectives: 1. Internal Tool Development for Payment Flows: - Designed and built internal tools to facilitate efficient money flows across various payment rails, including SEPA, SWIFT, and Foreign Exchange (FX). - Streamlined operational efficiencies by implementing robust management tools tailored to support diverse financial flows. 2. 2. Financial Operations Streamlining: - Led the implementation of internal tools aimed at optimizing financial operations, including:
Treasury Management: Strengthening liquidity and cash flow management.
Compensation Processes: Enhancing employee compensation frameworks.
Recalls and Fee Management: Creating systems for efficient handling of recalls and transaction fee oversight.
Reconciliation Procedures: Establishing best practices for reconciliation and operational wallet management.
3. Risk & Monitoring Framework Development: - Developed a comprehensive risk and monitoring framework to bolster Anti-Money Laundering (AML) compliance and mitigate the risks associated with financial fraud. - Integrated advanced monitoring solutions to ensure regulatory adherence and enhance security measures. 4. 4 Safeguarding Strategy Implementation: - Designed and executed a safeguarding strategy for an Electronic Money Institution (EMI) within INTERGIRO’s portfolio, including the integration of the RIX/Swedish clearing house. - Expanded service capabilities and reinforced transaction security through innovative solutions and strategic partnerships. Outcomes: The project empowered Intergiro to enhance its position as a leading Banking as a Software provider, streamlining complex financial operations, mitigating risks, and ensuring compliance. These developments significantly improved the organization’s ability to deliver high-quality, scalable banking solutions to clients. Future Directions: Building on the foundation established during this project, INTERGIRO is well-positioned to explore further advancements in scalability in emerging financial technologies, thereby reinforcing its leadership in the BaaS market.
