Agrani Bank PLC – Implementing Real-Time Gross Settlement (RTGS) with Opus Technology
Agrani
Bank PLC is one of Bangladesh’s leading state-owned commercial banks,
providing financial services to millions. To enhance transaction efficiency and
comply with Bangladesh Bank’s digital banking initiatives, Agrani Bank required
the implementation of a Real-Time Gross Settlement (RTGS) module for
secure and instant interbank transactions.
Project Duration
📅 January 7, 2019 –
September 10, 2019
Challenges & Implementation Complexities
Opus Technology was entrusted with deploying the RTGS module
within Agrani Bank’s core banking infrastructure. However, the project
encountered several challenges, including:
- System
Integration with Core Banking: Ensuring seamless connectivity between
RTGS and existing banking operations.
- Real-Time
Transaction Processing: Enabling high-speed, error-free fund transfers
with zero delays.
- Regulatory
Compliance: Adhering to Bangladesh Bank’s guidelines and security
standards for RTGS transactions.
- Scalability
& Performance: Handling high transaction volumes without impacting
banking operations.
- User
Training & Adoption: Ensuring bank staff could effectively operate
and manage the new system.
Solution & Execution
Opus Technology successfully designed and deployed a custom
RTGS module, ensuring efficient and secure transaction processing. Our
approach included:
✔ Seamless Core Banking
Integration: Enabled real-time fund transfers between financial
institutions.
✔ Automated Transaction Processing: Eliminated
manual errors and reduced settlement delays.
✔ Regulatory Compliance Assurance: Aligned the
system with Bangladesh Bank’s RTGS framework.
✔ Scalable & Secure Architecture: Built a
high-performance platform to handle increasing transaction volumes.
✔ Comprehensive User Training & Support:
Provided training sessions for bank employees to ensure smooth adoption.
Results & Impact
🚀 Faster & Secure
Transactions: Enabled instant, error-free interbank settlements.
📊
Enhanced Banking Efficiency: Reduced transaction processing time and
operational workload.
🔗
Seamless Core Banking Integration: Ensured smooth financial operations
without disruptions.
🔒
Regulatory & Security Compliance: Strengthened financial security in
alignment with central bank regulations.
Conclusion
Opus Technology successfully implemented the RTGS module
for Agrani Bank PLC, ensuring real-time, secure, and compliant fund transfers.
This project highlights our expertise in banking technology solutions,
enabling financial institutions to embrace digital transformation.
📩 Looking to modernize
your banking operations? Let’s innovate together! Contact Opus Technology
today.