Consolidate and centralize your payment systems, facilitate end-to-end SWIFT automation, enable omni-channel initiation, reduce cost, and improve efficiency across your payment processes. Built on a low code platform, the payment hub solution offers configurability, agility, future readiness, and faster time to market.
Features of SWIFT Payments Automation Solution
Multi-channel Payment Initiation
Omnichannel support for payment initiation (SWIFT MQ, branch walk-in, online banking, tab/mobile banking, emails, bulk uploads, and third-party applications). Support for inward and outward payments. Single-window payment platform for all transaction types (domestic payments, cross-border payments, cover payments). Support for all types of payment instruments (high value, low-value transfers, bulk payments, checks, instant payment, and wire transfers).
Payment Monitoring and Compliances
Report designer capabilities to design and view KPI reports, user/role-specific reports, MIS, and dashboards. On-the-go highly customizable customer notifications module to provide transparency for all transactional payment journeys. Adherence with the latest payment standards (SWIFT, ACH, NEFT, RTGS, instant transfers, ISO 20022, and SWIFT GPI enabled). Support for pre-payment checks (document verification, authorization, AML checks, and duplicate checks).
Cost Reduction, Scalability & Straight-through Processing
Get centralized operations for faster access. Ensure increase in straight-through processing (STP) transactions. Integrate back-end processing to ensure seamless transactions across processes and functions. Process STP and N-STP (Non-Straight-through processing) cases by automatically extracting data from SWIFT messages. Enable validation checks via real-time integration with banking systems (core banking, treasury system, and AML).