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Implementation of RTGS and related systems in Southern Africa |
Implementation of RTGS and related systems in Southern Africa – the RTGS system developed and implemented by the South African Reserve Bank, was followed by 5 countries in Sub Saharan Africa implementing the Perago RTGS system
Philip Tromp and his colleagues have been responsible for the implementation of numerous RTGS systems in the Southern African region.
- The development and implementation of the South African SAMOS system
- The development and implementation of the South African RTGS system was managed by the South African Reserve Bank's internal IT department, with Persetel, a major South African IT company at the time, acting as technical partner of the bank in the project.
- The project management structure comprised a Steering Committee involving executives from the bank and technical partner of the bank. The project managers, responsible for the day-to-day project execution, from the Reserve Bank and Persetel were also involved.
- The project was structured to involve the 25 participant banks on a number of levels in order to utilise the knowledge and skills in the market and also to facilitate the preparation of the banks' connectivity and back office application.
- The project was completed, within 27 months and the system went live, involving all the participant banks, on the originally planned date.
The implementation of RTGS and related applications in other Sub Saharan states
Five SADC countries opted to implement the Perago RTGS system. The management of the implementation of the systems was handled by Perago. The implementations covered, inter alia:
- The realignment of business policies, practices and procedures of the central bank
- Implementation of the IT infrastructure and environment required by the system
- Implementing the application software and peripheral applications
- Systems integration, including connectivity with SWIFT infrastructure and/or a private interbank network
- Training of central bank and participant bank staff
- User acceptance testing
- Pilot projects between the central bank and participants
- Preparation for cutover to production
- Post-implementation support
The governance of the project was structured to involve Perago executives in the steering of the project and to coordinate the activities on all levels between the central bank and the solution provider.
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