About the Transformation
Discover how a global top 5 bank headquartered in the US accelerated payments transformation across its foreign operations.
- In Indonesia, the bank modernized its payments infrastructure, implementing various systems like SKNBI Fund Transfer Service, RTGS Payments, and SWIFT integration for efficient local and international payments including cross-border payments.
- In Hong Kong, they implemented the HK FPS C3, C1, and C2 Payments systems, offering real-time local and cross-border fund transfers, significantly reducing transaction times and improving payment efficiency.
- In Europe, the bank implemented SEPA Instant, allowing real-time cross-border Euro payments across participating European countries.
Business Benefits
- The Bank can easily adopt any emergent payments scheme with reusable business rules, configuration-driven design and predefined in-bound/out-bound payments services.
- Open APIs allow easy collaboration with partners, Fintech companies and the extended developer ecosystem and can support multiple open payments initiatives.
- The bank can tailor payment service delivery with intelligent routing options based on decisioning attributes, payment schemes, customers, and payment orders.
- By enabling multi-tenancy, the Bank can centralize operations across multiple countries, time zones, and languages on a single application instance, infrastructure, and database.
- Parameterization allows the Bank to flexibly define enrichment and payments order processing rules as per customer needs.
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The Future of Core Banking: Business and Technology Evolution
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