Increase Efficiency and Derive Insight from Centralized Payments
With banks having to juggle a variety of payment transaction types, instrument types, customers, channels and payment standards, as well as one or more payment engines, they need a single payments services hub, robust enough to handle large transaction volumes. At the same time, they need the solution to be agile enough to cater to the customer’s demand of one-click, one-second payments. Payments Services Hub provides a bank with these capabilities, giving them greater visibility of the payment flows with STP rates over 95%.
Payments services hubs enable banks to capture the growth opportunities presented by increasing payment volumes and meet regulatory challenges by providing enterprise-wide visibility into payment operations - across all channels and business lines. They allow you to improve STP rates, by orchestrating payments from source to clearing channel and can replace all legacy silo’ed processing engines through end-to-end orchestration and processing platforms.
Payments services hubs are crucial when banks have:
Very complex integration requirements involving numerous internal systems (internet channels, customer and account information systems, compliance and accounting systems), combined with highly-regulated external clearing and settlement networks (FEDwire, SEPA, TARGET2, G3 and so on) - and they are operating on a global scale;
Time- and mission-critical functions such as meeting daily cut-off times and liquidity targets as defined by clearing schemes and regulators;
Compliance obligations with frequent and in some cases massive regulatory changes.
They also enable banks to maintain multiple languages, time-zones and base currencies appropriate to the branch location; support local requirements while adhering to global policies and guidelines; present a global, consolidated view of payments while administering access to individual branches’ payments and reference data; and provide 24x7 operations.
Increased Business Efficiency
Centralized business rules
Rapid addition of new payment methods, channels and products
Reduced time and cost of integrating new acquisitions
Improved Customer Service
Single customer view
Consistent customer experience across all payment channels
Ability to expose payment data to corporates
Increased Operational Efficiency
Centralized payments orchestration
Reduced operational complexity
Increased STP rates for all payment types
Single data repository and audit trails
Improved controls, resilience, and recovery
Ability to integrate all channels into Fraud, AML, and sanctions screening tools
RUN THE BANK. CHANGE THE BANK. DESIGN THE BANK.
iGTB is your platform to power your way to principal banker position.Designed for complexity reduction between banks and corporate customer operations, our technology assures enhanced operational productivity, while you deliver addictive customer experience.With 7 of the top 10 global transaction banks running on our solutions we are the authority progressive banks rely on to realize their GTB ambitions.
Sydney • Tokyo • Hong Kong • Singapore • Mumbai • Dubai • London • New York • Toronto