Techno Functional Lead: Payment Switch

Toucan Payments is a new-age fintech organization that strives to fill existing industry gaps and offers a futuristic platform for banks and financial institutions to manage next-generation payments efficiently. Toucan created its platform based on payments industry knowledge and emerging technologies with a global outlook and customized for local market options.

Role Description

The “Techno Functional Lead: Payment Switch” will oversee the technical and functional aspects of our payment switch system. The prospect requires a strong understanding of both technology and business requirements to ensure seamless transaction processing, system optimization, and compliance with regulatory standards.

Key Responsibilities

  • Responsible for product engineering to align with business and technical requirements in a cloud-native ecosystem.
  • Provide technical direction and leadership for the switch domain, collaborating closely with cross-functional teams to drive enhancements and innovations.
  • Lead the design, development, and implementation of switch features and functionalities, ensuring they align with business requirements, technical standards, and protocols.
  • Work closely with stakeholders to gather, analyze, and document business and technical requirements, translating them into functional specifications and technical design documents.
  • Design end-to-end solutions for the payment switch system, considering factors such as scalability, reliability, security, and regulatory compliance.
  • Coordinate with internal and external stakeholders to manage integrations with third-party systems and partners, ensuring seamless interoperability and data exchange.
  • Oversee the testing and quality assurance processes for the payment switch system, ensuring transactions are processed accurately, securely, and efficiently.
  • Ensure that the payment switch system complies with regulatory requirements, industry standards, and internal policies, proactively identifying and addressing potential risks.
  • Establish key performance indicators (KPIs) and metrics to monitor the payment switch system’s performance, conducting regular reviews and optimization initiatives.
  • Collaborate with cross-functional teams, including product management, software development, operations, and customer support, to drive the successful delivery and support of switch-related products and services.

Preferred skills and qualifications

  • A bachelor’s or master’s degree in computer science, Information Technology.
  • 12+years of proven experience in a similar role within the fintech or banking industry, with a focus on payment switch systems and technology.
  • Experience in cloud-native development and agile engineering practices.
  • High levels of proficiency in Java-based software development.
  • Strong technical knowledge in micro-services.
  • Strong understanding of payment processing, network protocols, and industry standards (e.g., ISO 8583, ISO 20022, OFS, XML, Web Services-SOAP XML and JSON REST, EMV – Europay, Mastercard, and Visa)
  • Experience in leading cross-functional teams and driving technical solution development initiatives.
  • Excellent analytical, problem-solving, and decision-making skills.
  • Exceptional communication, interpersonal, and leadership abilities.
  • Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.

Job Title: Techno Functional Lead: Payment Switch
Organization: Toucan Payments
Location: Hyderabad, India
Position Type: Full-Time

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