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Implementation of RTGS systems in two of the larger Arab-speaking economies in North Africa |
Implementation of RTGS systems in two of the larger Arab-speaking economies in North Africa
The implementation of the RTGS systems of two of the larger economies in North Africa, both in Arab-speaking states, were conducted utilising a similar management approach to the RTGS system implementations in Sub Saharan Africa. The implementation projects covered the following activities:
- The realignment of business policies, practices and procedures of the central bank
- Specifying the IT infrastructure and environment required by the system
- Translating the systems to provide an Arabic frontend
- Implementing the application software and peripheral applications
- Systems integration, including connectivity with SWIFT infrastructure and/or a private interbank network as well as interfacing with peripheral applications
- Training of central bank staff
- User acceptance testing
- Pilot projects between the central bank and participants
- Preparation for cutover to production
The governance of the projects involved Perago executives as well as executives from the central bank and the prime contractor.
Implementation of ATS solution in the Middle East was the first implementation of an Automated Transfer System (ATS), defined as a system that contains clearing functionality in addition to typical RTGS functionality. The project governance involved Perago executives in addition to the client and external parties.
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