Progressive banks are implementing global payments to drive forward their architectural vision of the “enterprise payment architecture.” Turning this vision into reality enables them to deliver their the full suite of payment capabilities to their entire customer base—retail, small and medium-sized enterprises (SMEs), large corporations and governments—regardless of geography or of the channel that the customer uses to engage with the bank. An enterprise approach to payments focuses on enabling financial institutions to gain a common view across the organization while delivering payment services in a consistent, scalable way, regardless of payment type or channel.
iGTB's Anytime Universal Payments product suite comprises of :
Payments Services Hub
Payment service hubs enable banks to capture growth opportunities of rising payment volumes and address regulatory challenges by providing enterprise-wide visibility into payment operations across all channels and business lines. With the payment services hub, one may orchestrate payments from source to clearing channel, or they may be end-to-end orchestration and processing platforms which replace all legacy silo’ed processing engines.
The Payments Engine is designed for institutions in the 21st century, enabling compliance in a simple and cost-effective way.For banks looking to transform their payment operations, our solutions are designed to save time, reduce costs and improve operational efficiency. This is achieved by bringing together different payment types, currencies and systems into a single, centralized payments hub, increasing straight-through-processing (STP) automation, and considering information into a single view thus reducing the need for multiple interfaces and systems. By increasing STP and reducing the number of interfaces, systems and stages that require manual intervention in the payment process, can dramatically reduce operational risk.
In the age where the payments industry is moving towards making payments more seamless and real time, it is imperative that the bank has as much automation as possible to mitigate these risks arising due to operational errors and limit breach, as well as provide higher service to its customers by providing better utilization of funds as well as faster decisioning.
Payment decision support is positioned between the channels and the payments engine and done as a part of the payment services hub pre-processing or handoff the payments for decisioning during the payment processing. With a single unified view of customer risk, data integrated across multiple DDA systems, across countries, currencies and accounts will allow the bank to view limits and balances across the relationship and approve payment requests with a faster response time.
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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.
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