TARGET2 Experts in Germany
matched in minutes from over 15,000 CVs with the power of AIWork with specialists who lead RTGS migrations, integrate ISO 20022 message formats, and connect core banking platforms to the Eurosystem, vetted rapidly through precise AI matching.
Meet FRATCH Experts in Germany, who have recently used TARGET2
Nikolaus B.
Last position:
Information Security, IS-Governance & Crossfunctional Governance at Zürich Beteiligungs-AG (Deutschland)
- Conducted security assessments for supplier qualification, business unit onboarding, and ongoing reviews of service providers and partners (Ongoing Assurance).
- Assessed technical and organizational measures (TOMs) against GDPR and information security requirements.
- Handled security reviews and approval processes in the Global Approval Navigator (OneTrust).
- Advised business units and IT on information security, security requirements, and risk-appropriate measures.
- Supported the development of SOC/SIEM processes and tools as part of the ISMS in line with ISO/IEC 27001.
- Analyzed cyber threats and coordinated security objectives and measures to address Security Findings with the SOC team.
- Monitored and assessed current security advisories and security-related metrics (KPIs).
- Reviewed, assessed risks, and approved exception requests (Security Exceptions).
- Independently analyzed and handled Security Events and supported the handling of security incidents.
- Planned and supported awareness initiatives to strengthen security awareness.
- Created, implemented, and reviewed information security policies and standards.
- Conducted protection needs analyses and gap assessments to identify security gaps and risk deviations.
- Defined and reviewed technical and organizational risk treatment measures.
- Advised on Third Party Governance with consideration of DORA, ISO/IEC 27001, ISO/IEC 27005, ISO/IEC 42001, and BCM in line with ISO 22301.
Silvia B.
Last position:
Business Consultant - Product Management Banking at Aareal Bank AG
- Focus on optimizing and further developing the internal customer EBICS application
- Functional and technical consulting for Aareal First Financial Solutions AG on EBICS standard products and applications in the areas of operations and further development, as well as project-related communication with external development partners and the product manufacturer to implement the corresponding technical optimizations
- As the functional coordinator, providing advice on content-related and regulatory requirements as well as technical prerequisites and requirements, and bringing these together at the functional level
- Consulting on the use of EBICS formats
- Reviewing the current EBICS standard for optimization and further development potential
- Analyzing the current state to identify development potential and deriving appropriate recommendations for action while considering regulatory requirements
- Conducting EBICS tests throughout the project
- Functional responsibility for requirements management and, in this context, recording and documenting requirements for such tests
- Designing a functional and sustainable test management system
- Conducting and evaluating tests
- Consulting on sustainable quality assurance and audits
- Project language: German and English
- Tools/Methods: MS Project, MS Office, MS Visio, TestRail, Confluence, Jira, Business Logics Bankkrecher, Business Logics Test Data Generator, Business Logics Banking Tool, Business Logics Test System, DBEAVER, Squirrel, Unix Virtual Machines, WinSCP, Kitty, Putty, various Aareal Bank products, Online Banking Portal, Aareal Sign, core banking system, SAP Blue Eagle, SAP RE-FX, Aareon Wodis Sigma, Haufe Real Estate Wowinex, GAP Group Immotion, UTS Karthago, SAP IS-U/Waste, SIV kVASy, various EBICS clients
Timo S.
Last position:
IT Project Manager / IT Demand Manager at Schuhmann IT-Consulting
- Managed (Scrum / Agile) and monitored IT projects, including project controlling, service provider management, reporting, risk management and coordination of all stakeholders
- Planned and supported the go-live and hypercare phase
- Captured, assessed and prioritized requirements for demand-oriented planning and management of IT resources
- Supported the introduction of the CRIF provider for real-time decision-making in sales, fraud prevention, sanctions list screening and scalable payment processes
- Prepared status reports and decision papers for the executive board
- Planned and managed IT projects for the implementation, optimization or migration of e-commerce systems (e.g. shop systems, payment integration, order to cash)
- Coordinated interdisciplinary teams from development, UX/UI, marketing and logistics to deliver project objectives on time
- Analyzed requirements and prepared technical specifications in close coordination with stakeholders and external service providers
- Ensured the quality, performance and security of e-commerce platforms through testing, monitoring and continuous optimization
- Organized meetings with stakeholders, e.g. Demand Thinking, Warm-Up, Impact Board and program planning
- Managed and prioritized demands as well as DMP controlling and communication of results from the Impact Board and KPI analysis
Guido B.
Last position:
Self-employed Management Consultant and Interim Manager at BCTC Unternehmensberatung Guido Bäcker
Consulting, training and coaching in the financial sector on strategy, organization and IT topics
MorgenFund: Advising the operator of a fund platform on software selection for a sub-ledger "Cash Accounts" based on virtual IBANs (VIBAN)
Structuring requirements, market screening, preparing RfIs, communicating with vendors and conducting the selection process
UniCredit/HypoVereinsbank: Workstream Lead "Booking and Customer Reporting" in the payment transformation project "PULS"
Business analysis, preparing business requirements and coordinating the solution items as part of the functional specification with the bank's IT service providers
Business analysis of SEPA CT and SWIFT MX (.camt-, .pain- and .pacs- formats), change management, team leadership for a virtual team of fifteen line experts and stakeholder management
equensWorldline Germany: Program management for three projects of the SWIFT Service Bureau (CBPR+, ESMIG and Euro1Step1 migration) as part of the SWIFT MX migration
Managing individual project leads with regard to cross-project goals and requirements; reporting to internal and external committees and stakeholders; coordination with dependent projects and programs
Project management/PMO: Interim project management, deputizing for project leads, resource planning, budget and cost management, general PMO activities
Sergei M.
Last position:
Interim Program Manager at parcIT
Time-limited interim assignment filling a vacant program leadership position: joint leadership of a complex software project and orchestration of several agile teams (business, development, and DevOps teams), as well as actively driving change processes.
- Program Management & Planning: Responsibility for creating and updating milestone, resource, and budget plans to ensure project objectives using agile and hybrid methods.
- Cross-functional Collaboration: Promoting cooperation and knowledge sharing across teams; resolving blockers through proactive conflict management and targeted facilitation.
- Stakeholder Management & Transparency: Ensuring transparent and audience-appropriate communication within and outside the project organization using modern project management tools.
Mario T.
Last position:
Project Lead/Manager / Consultant at all-BI GmbH
- Establishing the Microsoft Fabric platform with the company as the central data warehouse and reporting system.
- The company migrated several operational systems including D365 to new version. The new data warehouse is based on a Fabric/Power BI architecture with Azure cloud Entra Authentication.
Tasks Performed:
- Full administrative responsibility for the Fabric platform F64 and F32 capacities, as well as two F8 capacities for development and prototyping.
- Integration of Fabric with Microsoft Entra.
- Data modeling for the data warehouse bronze, silver and gold layers using data modeling tools.
- Star Schema as well as entity relationship modeling.
- Data modeling for data marts and for dimensional modeling and Power BI (semantic model).
- Design of data models for Microsoft SSAS multidimensional and tabular OLAP cubes using DAX and MDX.
- Definition of design patterns for the ETL team for loading OLAP cubes (Tabular and MD), star schemas and data vault structures.
- Planning and managing team of 4 ETL and reporting developers.
- Performance Tuning of Power BI reports, particularly the semantic layer, as well as the Fabric notebooks
- SQL Performance Tuning.
- DB Design for Azure SQL.
- Reporting directly to project senior management.
Label: Power BI, Fabric, Analysis Services (multidimensional and tabular), D365, SSIS, Tabular Editor, SQL Server and Azure SQL, TOAD Data Modeler, DBSchema, Visual Studio Code, DAX Studio, SSMS, Visual Studio, Jira and Confluence.
Pranjal N.
Last position:
Consultant – Business Process & Supply Chain Advisory at Restaurant Namaste Aschaffenburg
- Designing and optimizing the end-to-end supply chain for a newly established restaurant, covering fresh produce, dry goods, beverages, and kitchen essentials
- Setting up ordering cycles, ensuring food-safety compliant logistics, and aligning delivery schedules with kitchen operations to maintain product quality and reduce waste
- Building procurement frameworks and vendor relationships with major importers and wholesalers in Germany; structuring agreements to secure competitive food pricing, negotiating minimum order quantities, and establishing reliable delivery commitments
- Defining structured processes for supplier evaluation, contract negotiation, and delivery scheduling to reduce risks such as delayed deliveries, inconsistent product quality, or stock shortages; introducing clear evaluation criteria, establishing communication protocols with vendors, and setting escalation procedures for supply disruptions
Robert L.
Last position:
Senior Project Manager AI & Data at Large German energy provider
AI Assistance and Target Vision for Partially Autonomous Energy Portfolio Management
Building an AI control layer directly on the up-to-date daily live portfolio of a large energy provider — not as an isolated pilot, but as an operational extension of the existing DB1 and portfolio management. The goal is the gradual development from assistance through monitoring/alerting to analysis agents with Human-in-the-Loop approvals, supplemented by a role-specific System of Engagement alongside the BI System of Record. At the same time, the business case, target vision and management pitch compared with static monthly reporting are being developed.
- AI control layer: Design and build on the existing live portfolio data product (several million contracts) — development stages assistance → monitoring/alerting → agents with Human-in-the-Loop approvals.
- LLM-supported data analysis: Semantic queries, SQL/tool integration and additional RAG components based on portfolio, plan-versus-actual and data quality data (Azure OpenAI, Snowflake), with drill-downs to individual contract level.
- Analysis agents: Multi-stage agents for variance and driver analyses of churn, price adjustments, volumes and procurement costs.
- Views concept: Role-specific interfaces for business units, management and C-level as a System of Engagement alongside the BI System of Record.
- Business case & pitch: Target vision and cost-benefit argumentation compared with static monthly reporting.
- LLM setup (privacy & security): Coordination with IT Security and Data Protection — EU region, data separation and approval processes.
- Agent architecture: Multi-stage agent pipelines (analysis → validation → summary) with documented data sources, tool calls, review steps and source references for each statement.
- Data foundation: Built on the up-to-date daily DB1 data product (Snowflake, dbt) — portfolio, plan-versus-actual and data quality metrics as the common basis for all AI analyses.
- Guardrails & evaluation: Evaluation and approval processes for LLM responses relating to management-relevant statements — test sets, metrics and human review.
- Prototyping & validation: Iterative validation of agent responses with the business unit — test question catalogue, feedback loops and response quality for each release.
- Roadmap & development stages: Detailed stages from assistance → monitoring/alerting → partially autonomous management, including transition criteria and governance for each stage.
- Integration: Integration into the existing BI and data landscape — BI remains the System of Record, while the AI layer provides interactive drill-down paths as the System of Engagement.
- Enablement: Enablement of business users — prompting guides, training and an operating model for ongoing use.
- Management: Coordination of business units, Data Engineering, IT Security and Data Protection.
- Change Management: Communication and expectation management with business units and management throughout the development stages.
Results:
- Built on an existing up-to-date daily data product with several million contracts
- Established an LLM setup coordinated with Data Protection and IT Security in the EU region, including data separation and approvals
- Defined three development stages through to partially autonomous management
- Designed role-specific views for business units, management and C-level
- Developed the business case and management pitch for the development stages
- Established an iterative response-quality validation process with the business unit
- Designed the operating model for assistance operations and initiated validation
Stack: Azure OpenAI, Azure AI Foundry, Snowflake, dbt, React, TypeScript, Entra ID, RAG, Agentic AI, analysis agents, Human-in-the-Loop, Prompt Engineering, LLM Evaluation, LLMOps, GDPR / EU region, Azure DevOps, Python, SQL, Change Management
Ulm P.
Last position:
DataStage ETL Expert at ING Bank
- Datastage 11.7, dbt, Oracle 19, Python 3.12 / PySpark 3.5, Azure GitHub, Azure DevOps, Automic
- Development of migration jobs to transfer data from the collection DWH to the new Risk Mart, as well as development of ETL pipelines to migrate historical data from the old Mart to the new Risk Mart.
- Storage of the silver layer on Hadoop and the gold layer in Oracle.
- Translation of DataStage jobs into dbt to publish reporting data in Google Cloud to a PostgreSQL database.
- Creation and optimization of complex SQL queries for data extraction from a data vault, taking into account historical data in the point-in-time tables.
- Creation of Oracle table definitions (DDL) and adjustment of existing stored procedures.
- Versioning changes in GitHub and deployment via the CI/CD portal.
- Refactoring long-running DataStage jobs into Python using PySpark to reduce server load.
- Migration of SAS scripts to PL/SQL, including new development of distribution functions that have no direct equivalent in Oracle.
- Development of Automic jobs to run DataStage pipelines and Python scripts (PySpark jobs) that control the population of the SME and institutional risk tables in the Risk Mart and perform business calculations.
- Participation in the agile process, including creating user stories, estimations, and planning in Azure DevOps.
- Handling Azure DevOps tickets and close collaboration with testers and business teams for error analysis and resolution.
Alexander M.
Last position:
Managing Director & Senior Project Manager at Mendelson GmbH
- Interim project manager and requirements engineer in various client projects
Florian F.
Last position:
Solution Architect with Developer Focus at SymFinIT Solutions GmbH
- Further development of a finance layer for subscription and one-time purchase billing and accounting.
- Technologies: Kotlin, AWS (SQS, S3, ElastiCache, Aurora), React, TypeScript, Coroutines, IntelliJ IDEA, Spring (Boot, Data, WebFlux), JUnit, Testcontainers, Cucumber, Liquibase, PostgreSQL, Webservices (REST), R2DBC, OpenAPI 3, Gradle, GIT, Docker, Netty, GitHub Actions, Jira/Confluence, arc42
Peter B.
Last position:
Data Warehouse Consultant (Development and Analysis) at Atruvia AG
- Developed and enhanced ETL loading jobs with IBM DataStage and optimized SQL in an IBM DB2 environment as part of the Agree21 data migration
- Analyzed data quality and developed test procedures
- Created PowerShell scripts and documented GIT deployment processes
- Technologies: RedHat Linux, IBM DB2 with DBVisualizer, IBM InfoSphere DataStage 11.7, JIRA, TortoiseGIT, TortoiseSVN, PowerShell scripts
Jens F.
Last position:
Strategic Business Consultant at EURO Kartensysteme
- Analysis, redesign and functional specification for a software system to record, process and reimburse all claims in the girocard scheme
- Analysis, conception and execution for a bidding for the introduction and implementation of Identity & Access Management, Masterdata Management and Document Management Systems
- Project management for the software development project for the EKS-Net platform for the recording, processing and reimbursement of all claims in the girocard scheme
- Project management for the introduction of Identity and Access Management System, Master Data Management System and Document Management System
- Strategy consulting for digitalization of business processes
- Advice on payment transactions, compliance (PEP and sanction list checks) and risk analysis
- Design of data models and APIs
Niklas S.
Last position:
Trainee Corporate Banking at Commerzbank AG
Discover over 15,000 top freelancers
Statistics of experts using TARGET2
Aggregated from the professional profiles of matched freelancers.
Experience
24 years
Position duration
2.5 years
Positions per freelancer
18
Top business areas
Information Technology, Finance, Project Management
Top industries
Banking and Finance, Information Technology, Insurance
Certification focus areas
Information Technology, Project Management, Product Development
Bachelor's degree or higher
92%
Master's degree or higher
67%
Doctorate
17%
Certifications per freelancer
8
Most common languages
German, English, French
Speak two or more languages
93%
Based on our profile pool as of 29 Oct 2026.
Daily rate distribution
The chart shows how the daily rates of experts in this technology in Germany are distributed, based on recent contracts on our platform. Each bar covers a rate range — its height shows the share of experts charging within that range.
Average rates of experts in Germany using TARGET2
Rates are based on recent contracts and do not include FRATCH margin.
The average daily rate is the mean of all daily rates from recent contracts of comparable freelancers on our platform.
The median daily rate is the middle value of all daily rates — half of comparable freelancers charge less, half charge more. Unlike the average, it is barely affected by outliers.
Calculated based on our freelancers’ daily rates as of 29 Oct 2026. Actual rates may vary depending on seniority level, experience, skill specialization, project complexity, and engagement length.
TARGET2 experts industry focus
See which industries our matched freelancers work in most often — every figure is calculated live from the freelancers on FRATCH.
- Banking and Finance (100%)
- Information Technology (86%)
- Insurance (50%)
- Professional Services (43%)
- Healthcare (36%)
- Retail (36%)
- Telecommunication (36%)
- Energy (29%)
Please note that freelancers can work across multiple industries, so percentages overlap.
About the technology
Real-Time Gross Settlement Architecture
TARGET2 serves as the backbone for interbank payments across the Eurosystem, settling high-value transactions in central bank money with immediate finality. The platform enables financial institutions to manage settlement risk while meeting stringent liquidity guidelines established by central banks such as the Deutsche Bundesbank.
Migration to T2 and Modern Standards
The consolidation of TARGET2 and T2S transformed European market infrastructure, introducing dedicated components such as Central Liquidity Management and Real-Time Settlement. Core operational workflows rely on these capabilities:
- Processing ISO 20022 MX messaging standards including pacs, camt, and pain schemas
- Automating liquidity transfers between CLM accounts and dedicated cash accounts
- Aligning local core banking engines with European Central Bank settlement cycles
- Integrating SWIFT and Nexi-SIA network connectivity layers
Core Banking and Gateway Integration
Connecting internal payment engines to the Eurosystem demands specialized gateway development and validation. Systems such as Finastra, SAP for Banking, and Temenos require continuous parameter tuning to handle contingency processing, message enrichment, and validation before reaching the market interface.
Liquidity Management and Compliance
Participants in the German financial market maintain strict intraday liquidity controls to comply with regulatory standards and central bank reserve obligations. Settlement professionals design queuing logic, credit limit rules, and automated monitoring dashboards that prevent settlement delays and optimize cash positioning across operating hours.
Signs Your Institution Needs TARGET2 Expertise
Complex transformations and system updates frequently expose internal capacity gaps:
- Migration bottlenecks during ISO 20022 MX message transformation
- Failures in automated reconciliation across central bank accounts
- Preparation for Eurosystem dry runs and contingency testing exercises
- Architectural changes required for TIPS instant payment interoperability
Technical Profile of Senior Payment Specialists
Distinguished professionals combine deep technical proficiency with practical operational insight into clearing mechanisms. They possess extensive familiarity with SWIFT Alliance interfaces, XML schema validation, and regulatory mandates enforced across German and European banking frameworks, ensuring clean technical delivery without operational disruption.
Frequently asked questions
Questions about TARGET2? Start with the answers below.
The TARGET2 platform, now consolidated into T2, is the Eurosystem's real-time gross settlement system used for settling high-value euro payment orders. It ensures risk-free, irrevocable settlement in central bank money for commercial banks and national central banks.
The consolidation replaced legacy MT messages with rich ISO 20022 MX formats across all transaction types. Operating on modern schemas like pacs.008, pacs.009, and camt.053 requires strict validation and data orchestration within TARGET2 interfaces.
While EURO1 processes high-value euro payments through commercial netting mechanisms, TARGET2 settles individual transactions in real time directly on central bank accounts. Banks in Germany typically route their largest exposures and time-critical interbank settlements through the central bank RTGS mechanism.
A qualified expert brings hands-on experience with TARGET2 messaging formats, SWIFT connectivity, and messaging middleware like MQ or Kafka. Familiarity with payment engines, testing harnesses, and XML schema definitions is essential for smooth execution.
Engaging on critical T2 infrastructure requires proven experience delivering at least one full cycle of payment gateway modernization. Specialists must understand dry run testing procedures, cutover strategies, and contingency operations without needing foundational training.
Most architecture, software design, and testing workflows around TARGET2 can be performed remotely. However, institutions in Germany often require occasional on-site presence during critical deployment phases and mandatory central bank testing windows.
Documentation and standard project operations for TARGET2 are managed in English. Even so, German language capability is often beneficial for interfacing smoothly with local compliance officers, operations teams, and domestic audit bodies.
Evaluate their direct involvement in recent TARGET2-Securities or RTGS consolidation cutovers. Top professionals readily discuss complex routing rules, exception handling for rejected MX messages, and specific liquidity management scenarios they designed.
The average hourly rate of freelancers in Germany who have used TARGET2 in their recent projects is 110 €, which corresponds to a daily rate of about 879 € based on an 8-hour working day.
Of the freelancers in Germany who have used TARGET2 in their recent projects, 92% hold at least a Bachelor's degree, 67% hold at least a Master's degree, and 17% hold a doctorate.
On average, freelancers in Germany who have used TARGET2 in their recent projects have 24 years of professional experience, with a single engagement typically lasting around 2.5 years.
The most common languages among freelancers in Germany who have used TARGET2 in their recent projects are German (100%), English (93%), and French (43%).
The most common industries among freelancers in Germany who have used TARGET2 in their recent projects are Banking and Finance (100%), Information Technology (86%), and Insurance (50%).
The most common business areas among freelancers in Germany who have used TARGET2 in their recent projects are Information Technology (100%), Finance (86%), and Project Management (86%).
Main locations of FRATCH Experts, who have recently used TARGET2
Our freelancers and interim experts are at home across the DACH region — available on-site in the major business hubs or fully remote. Choose a location to discover matched specialists, local market insights and up-to-date availability.
Berlin Hamburg Munich Cologne Frankfurt Stuttgart Dusseldorf Leipzig Dortmund Essen Bremen Dresden Hanover Nuremberg Request a free demo
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Philipp Thomaschewski
FRATCH CEO
