TARGET2 Experts in Germany
for resilient payment operations, matched in minutes with vetted specialistsHire experts who manage TARGET2 settlement workflows, ISO 20022 migration and Eurosystem connectivity, with the precision to support critical financial infrastructure and the speed of vetted, available freelance matching.
Meet FRATCH Experts in Germany, who have recently used TARGET2
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
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.
Guido B.
Last position:
Independent 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, creating 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, creating business requirements and aligning 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 lead 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 managers regarding overarching goals and requirements; reporting to internal and external committees and stakeholders; coordinating with dependent projects and programs
Project management/PMO: interim project management, stand-in for project managers, resource planning, budget and cost management, general PMO tasks
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.
Kareem S.
Last position:
Grant Consultant at S&M Unternehmensberatung mbH
- Lead generation
- Grant consulting for SMEs
- Preparation of up to 75% of the grant application
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
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
Nikolaus B.
Last position:
ICT Risk Management and Information Security at B. Metzler seel. Sohn & Co. AG
- Independently develop policies, guidelines, and frameworks for ICT risk management and information security
- Advise business units on ICT risk management and information security
- Further develop the ICT risk management framework that governs the identification, assessment, and control of ICT risks
- Evaluate the Information Security Management System (ISMS) and adjust it for new challenges
- Conduct risk analyses to identify and assess potential ICT risks and information security risks for the Metzler Group
- Advise on defining and implementing measures to reduce risks and improve the resilience of ICT systems
- Advise on ensuring compliance with relevant internal and external regulatory requirements (MaRisk, DORA, BAIT, BSI IT baseline protection, ISMS, ISO 27001, ISO 42001, ISO 27005, BCM ISO 22301)
- Advise on internal and cross-functional projects (SAP DORA compliance, Target2, Section 8a BSI Act)
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
25 years
Position duration
2.7 years
Positions per freelancer
17
Top business areas
Information Technology, Finance, Project Management
Top industries
Banking and Finance, Information Technology, Healthcare
Certification focus areas
Information Technology, Project Management, Product Development
Bachelor's degree or higher
90%
Master's degree or higher
70%
Doctorate
20%
Certifications per freelancer
4
Most common languages
German, English, French
Speak two or more languages
93%
Based on our profile pool as of 19 Sep 2026.
Daily rate distribution
The chart shows how the daily rates of freelancers in this technology in Germany are distributed, based on recent contracts on our platform. Each bar covers a rate range — its height shows how many freelancers charge 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 19 Sep 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 (93%)
- Information Technology (86%)
- Healthcare (43%)
- Insurance (43%)
- Professional Services (43%)
- Retail (43%)
- Telecommunication (36%)
- Chemical (29%)
Please note that freelancers can work across multiple industries, so percentages overlap.
About the technology
TARGET2 in payment infrastructure
TARGET2 was the Eurosystem’s real-time gross settlement system for euro payments. It processed high-value interbank transfers, monetary policy transactions and settlement instructions between participating financial institutions. TARGET2 was replaced by T2, but its operating model, interfaces and migration history remain essential knowledge for many banking environments.
Core settlement work
TARGET2-related specialists support payment flows where timing, liquidity and finality matter. Their work can cover:
- Payment instruction routing and status handling
- Liquidity monitoring and settlement account processes
- Message validation, reconciliation and exception management
- Connectivity with central banks and financial institutions
Ecosystem and standards
Strong professionals understand the Eurosystem infrastructure around TARGET2, including central bank money, ancillary systems and settlement procedures. They work with SWIFT connectivity, ISO 20022 messages, security controls, operational monitoring and integration layers. Knowledge of T2 and the wider TARGET Services landscape is especially valuable for current environments in Germany.
When companies need specialists
Companies often bring in freelance expertise during payment platform migrations, TARGET2-to-T2 transition work, regulatory change or a major integration. Specialist support is also useful when settlement incidents expose gaps in monitoring, reconciliation or operational handover. Experience in German banking operations can make collaboration with local teams more efficient, while remote delivery works well when access and change controls are clearly arranged.
Deliverables and controls
A TARGET2 professional may define payment-processing requirements, map legacy messages to ISO 20022, test settlement scenarios and document operational procedures. Typical deliverables include interface specifications, test plans, reconciliation rules, incident runbooks and audit-ready evidence. The work must connect business processes with secure, traceable technical execution.
What strong professionals bring
The best specialists combine payment-domain knowledge with careful systems thinking. They distinguish settlement finality from payment initiation, understand dependencies between participants and ancillary systems, and investigate failed or delayed instructions methodically. They communicate clearly with operations, compliance and technical teams, and leave behind documentation that supports controlled change after the engagement ends.
Frequently asked questions
Questions about TARGET2? Start with the answers below.
TARGET2 was used for real-time gross settlement of high-value euro payments in central bank money. It supported interbank transfers, monetary policy operations and settlement for financial market activities. The service has been replaced by T2, but many projects still require knowledge of TARGET2 processes and legacy interfaces.
TARGET2 was the former Eurosystem payment system, while T2 is its consolidated successor. T2 introduced a more integrated service model and updated messaging based on ISO 20022. A specialist should understand both the legacy operating model and the current T2 environment when migration or coexistence issues are involved.
A strong TARGET2 specialist often also understands ISO 20022, SWIFT connectivity, payment reconciliation and liquidity management. Useful adjacent knowledge includes central bank settlement, message testing, interface security, monitoring and incident response. Experience with T2 and other TARGET Services can help connect historical requirements to current operations.
The right TARGET2 professional depends on the project scope. A message-mapping task may need focused payment-processing expertise, while a migration or settlement redesign calls for someone who can cover operations, testing, controls and stakeholder coordination. Ask for evidence of comparable payment-system work rather than relying on a generic technology profile.
TARGET2 work can often be delivered remotely when systems access, security approvals and release procedures are available. On-site collaboration may still help during cutovers, incident reviews or workshops with German banking operations teams. German and English communication requirements should be agreed before the engagement starts.
Ask a TARGET2 specialist to explain settlement finality, payment statuses, liquidity dependencies and exception handling in a concrete scenario. Review examples of test documentation, reconciliation logic or operational runbooks they have produced. Strong answers connect business impact, message flows and control requirements without confusing payment initiation with settlement.
A TARGET2 freelancer may deliver interface specifications, ISO 20022 mapping, test cases, reconciliation rules and incident procedures. They can also document migration decisions, operational controls and handover requirements. The expected outputs should be tied to the payment flow and the organisation’s change or audit process.
TARGET2 knowledge remains relevant when organisations maintain legacy integrations, review historical incidents or validate migration outcomes. It also helps professionals understand why certain settlement controls, message mappings and operational procedures exist in T2. For new work, confirm that the specialist can apply this background to current Eurosystem services rather than only describe the former system.
The average hourly rate of freelancers in Germany who have used TARGET2 in their recent projects is 111 €, which corresponds to a daily rate of about 887 € based on an 8-hour working day.
Of the freelancers in Germany who have used TARGET2 in their recent projects, 90% hold at least a Bachelor's degree, 70% hold at least a Master's degree, and 20% hold a doctorate.
On average, freelancers in Germany who have used TARGET2 in their recent projects have 25 years of professional experience, with a single engagement typically lasting around 2.7 years.
The most common languages among freelancers in Germany who have used TARGET2 in their recent projects are German (100%), English (93%), and French (50%).
The most common industries among freelancers in Germany who have used TARGET2 in their recent projects are Banking and Finance (93%), Information Technology (86%), and Healthcare (43%).
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 (79%).
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
