TARGET2 Experts in Germany
matched in minutes from over 15,000 CVs with the power of AIWork with specialists who handle TARGET2 payment operations, liquidity management, ISO 20022 messaging, and migration work around T2 and the Eurosystem settlement setup. Get fast, precise matching with vetted, available freelancers.
Meet FRATCH Experts in Germany, who have recently used TARGET2
Guido Bäcker
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
Mario Techera
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.
Ulm Paunel
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 Shehadeh-Rifai
Last position:
Grant Consultant at S&M Unternehmensberatung mbH
- Lead generation
- Grant consulting for SMEs
- Preparation of up to 75% of the grant application
Timo Schuhmann
Last position:
IT Project Manager / IT Demand Manager at Schuhmann IT-Consulting
- Managing (Scrum/agile) and monitoring IT projects, including project controlling, service provider management, reporting, risk management, and coordination of all parties
- Planning and supporting the go-live and hypercare phase
- Capturing, evaluating, and prioritizing requirements to plan and manage IT resources according to needs
- Supporting the implementation of CRIF for real-time decision-making in sales, fraud prevention, sanctions list checks, and scalable payment processes
- Preparing status and decision templates for board-level presentations
- Planning and managing IT projects for the introduction, optimization, or migration of e-commerce systems (e.g., shop systems, payment integration, order-to-cash)
- Coordinating interdisciplinary teams from development, UX/UI, marketing, and logistics to deliver project goals on time
- Conducting requirements analysis and creating technical specifications in close coordination with stakeholders and external providers
- Ensuring quality, performance, and security of e-commerce platforms through testing, monitoring, and continuous improvements
- Organizing meetings with stakeholders, e.g., demand thinking, warm-up, impact board, program planning
- Managing demand control and prioritization as well as DMP controlling and communicating results from the impact board and KPI analysis
Silvia Biedermann
Last position:
Business Consultant - Product Management Banking at Aareal Bank AG
- Focus on EBICS optimization and further development of the customer’s internal EBICS application
- Business and technical consulting for Aareal First Financial Solutions AG on products and applications of the EBICS standard in the areas of operations and further development, as well as project-related communication with external development partners and the product vendor to map the relevant optimizations on a technical level
- In the role of business coordinator, consulting on content-related and regulatory requirements as well as technical prerequisites and needs, and consolidating these on a business level
- Consulting on the use of EBICS formats
- Review of the current EBICS standard for potential optimizations and further development
- Analysis of the current state to identify further development potential and derive suitable recommendations for action, taking regulatory requirements into account
- Carrying out EBICS tests during the project
- Responsible on a business level for requirements management, and in this context capturing and documenting requirements for such tests
- Design of a functional and long-term test management approach
- Execution and evaluation of tests
- Consulting on sustainable quality assurance and audits
- Project languages: German and English
- Tools/methods: MS Project, MS Office, MS Visio, TestRail, Confluence, Jira, Business Logics Bank Rechner, 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
Pranjal Narayan
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 Mendelson
Last position:
Managing Director & Senior Project Manager at Mendelson GmbH
- Interim project manager and requirements engineer in various client projects
Peter Brungs
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
Florian Fittkau
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
Nikolaus Betzler
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 Fischer
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 Simon
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
2.8 years
Positions per freelancer
17
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
89%
Master's degree or higher
67%
Doctorate
22%
Certifications per freelancer
4
Most common languages
German, English, French
Speak two or more languages
92%
Based on our profile pool as of 30 Aug 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 30 Aug 2026. Actual rates may vary depending on seniority level, experience, skill specialization, project complexity, and engagement length.
About the technology
What TARGET2 does
TARGET2 is the Eurosystem’s real-time gross settlement system for high-value euro payments. It moves urgent transfers between banks and financial institutions with final settlement in central bank money. Many teams still use the name TARGET2 when they mean the settlement layer now aligned with T2.
Where it is used
It matters in banking, treasury, cash management, and payment operations. Companies work with TARGET2 specialists when they need reliable settlement for interbank flows, market activity, and liquidity-sensitive payments.
Common work
- Payment flow analysis and settlement support
- Liquidity monitoring and intraday cash control
- Message handling for ISO 20022 and related interfaces
- Cutover support for migration from older payment flows
- Incident triage for rejected or delayed payments
Skills that matter
Strong professionals understand payment operations, central bank procedures, and the message structures around TARGET2 and T2. They know how to trace payment statuses, spot format issues, and work with treasury and operations teams without slowing down settlement.
When to bring in freelance help
Companies usually bring in freelance experts during change work, testing, audit preparation, incident resolution, or process handovers. In Germany, this is especially useful when local banking teams need short-term help that can work with English-speaking project groups and precise operational documentation.
What good specialists deliver
- Clear analysis of settlement issues and root causes
- Stable operating procedures for payment teams
- Support for testing, migration, and cutover tasks
- Practical documentation for operations and control teams
- Coordination across treasury, IT, and back-office roles
Frequently asked questions
Questions about TARGET2? Start with the answers below.
TARGET2 is used for high-value euro settlement between financial institutions. It supports urgent payments that need finality in central bank money, so it is central to treasury, market operations, and bank-to-bank flows. Companies usually look for specialists who can handle the operational detail, not just the payment message itself.
TARGET2 is the older name many teams still use, while T2 is the current settlement environment in the Eurosystem context. In projects, both terms may appear in tickets, procedures, and legacy documentation. A good specialist understands the history and can work across the old and current wording without confusion.
TARGET2 expertise is useful when payment operations are under change, such as testing, migration, incident handling, or control redesign. It is also valuable when a team needs help with liquidity processes or payment investigations. If the work touches live settlement, a specialist can reduce operational risk quickly.
A strong TARGET2 specialist often also knows ISO 20022 messaging, payment operations, treasury processes, and basic reconciliation logic. Familiarity with back-office workflows and banking controls helps a lot too. For technical tasks, knowledge of interfaces, file handling, and testing methods is often expected.
TARGET2 is a settlement system, while SWIFT is a messaging network used to send payment instructions. In real projects, both are connected but they solve different problems. Companies need a specialist who understands where a message ends and where settlement actually happens.
A TARGET2 project usually needs someone who has worked on real payment operations, not only read the process notes. The depth depends on the task: incident support, migration work, and controls need stronger hands-on knowledge than a simple process review. Experience with live bank workflows matters more than broad theory.
Yes, TARGET2 work can often be done remotely if the company has secure access, clear procedures, and a defined scope. For sensitive operations, some teams still prefer on-site time during cutover, testing, or handover phases. In Germany, hybrid work is common when the stakeholder group is spread across locations.
A good TARGET2 freelancer explains payment flows clearly, asks the right control questions, and can trace issues from message to settlement result. Look for evidence of real operational work, not vague banking language. Strong specialists also write precise documentation and coordinate well with treasury, operations, and IT.
The average hourly rate of freelancers in Germany who have used TARGET2 in their recent projects is 112 €, which corresponds to a daily rate of about 898 € based on an 8-hour working day.
Of the freelancers in Germany who have used TARGET2 in their recent projects, 89% hold at least a Bachelor's degree, 67% hold at least a Master's degree, and 22% 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 2.8 years.
The most common languages among freelancers in Germany who have used TARGET2 in their recent projects are German (100%), English (92%), and French (54%).
The most common industries among freelancers in Germany who have used TARGET2 in their recent projects are Banking and Finance (92%), Information Technology (85%), and Insurance (46%).
The most common business areas among freelancers in Germany who have used TARGET2 in their recent projects are Information Technology (100%), Finance (85%), and Project Management (77%).
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
