top of page
Laptop screen displaying banking and financial information

Building best-in-class Payments platforms

Role: Payments Capabilities Product Owner

Competencies: Product Management, Agile Delivery, People Management, Senior Stakeholder Management, Supplier Management

The Challenge

To achieve its goal of becoming Australia's #1 digital bank,

payments platform transformation must accelerate. Legacy systems, obsolescence, operational overhead, and a global pandemic were slowing down progress.

In addition, engineers required both technical upskilling and cultural evolution

to drive innovation at the required pace.

Divisions

Banking and Financial Services

Payments

Business Banking

Banking Platforms

Loan Originations

Locations

Manila

Sydney

Gurugram

Size

3 Agile Release Trains

2 Product Teams

50+ Staff

The Approach

Domain Deep-dive

Conducted comprehensive knowledge building on payments ecosystem, regulatory requirements, and technology landscape to establish technical foundation. The approach involved mapping existing payment rails, analyzing transaction flows, and identifying critical performance bottlenecks. Deep assessment of compliance frameworks, security protocols, and scalability requirements informed platform design decisions and technology stack selections.

Ruthless Prioritization

Implemented rigorous feature prioritization framework balancing customer impact, technical complexity, and strategic value to accelerate time-to-market. Evaluated each initiative against business requirements, related OKRs and resource constraints. Established clear go/no-go decision matrices and outcome-based product roadmaps that focused development efforts on highest-impact capabilities while deferring lower-priority enhancements.

Engineering Talent Uplift

Designed targeted staff development program to elevate team expertise in value-adding engineering to move talent across the value chain. The approach combined technical training with hands-on mentorship from in-house technology leaders and external industry specialists. Established knowledge-sharing practices to build sustainable internal expertise across complex payments domains.

Cross-Division Collaboration

Established integrated working model connecting payments technology with product, risk, operations, and central teams to ensure alignment with broader business objectives. The framework included regular stakeholder alignment sessions, shared OKRs, and cross-functional decision-making processes. Created communication channels and governance structures that enabled rapid issue resolution while maintaining regulatory compliance and customer experience standards.

The Results

Enabled scaling high-volume (80K monthly transactions) and high-value ($10B USD monthly value) payments.

Cut payment operations toil by 94% and automated 100% of next-day reconciliation break reporting 

MVP for SWIFT MT to MX rewrite in line with ISO20022.

Four payment systems migrated to cloud and SaaS solutions

Delivered feature parity and migration of 25.6K business banking users to a new business-critical payment digital channel

Eliminated 100% obsolescence risk with 0 client impacting production incidents.

Developed and deployed payments solution to ensure branch operations continuity during COVID-19.

Decommissioned three legacy desktop payments applications.

CIO Head of Technology

“Ralph's work on payments was excellent and I never worried about his team, the work they were doing, or the culture he was driving."

© 2026 by Ralph Mandingiado

bottom of page