Case Study: Allianz Bank Bulgaria achieves 24/7 instant payments and regulatory compliance with Tieto

Allianz Bank Bulgaria launches instant payments in 1 month with Tieto

The customer, Allianz Bank Bulgaria, a leading Bulgarian bank, needed to rapidly develop a robust 24/7 instant payment service to comply with new European Commission regulations and meet market demands. Their challenge was to enable real-time inbound payment processing in under 10 seconds. Tieto was engaged as the technology partner to create this solution, which would be built using the bank's existing Oracle FLEXCUBE system.

Tieto developed and deployed a custom API-driven instant payment service using Java and microservices. This solution reused Oracle FLEXCUBE standard services but added significant customizations, including a unique mapping system and a retry mechanism. As a result, Tieto delivered the system three times faster than anticipated, achieving a go-live in just one month. The service processes payments in just one second, ensuring full compliance and significantly improving customer satisfaction for Allianz Bank Bulgaria.

Allianz Bank Bulgaria