ENABLING PAYMENTS TRANSFORMATION AND INNOVATION TO DELIVER . - Finastra
FUSION GLOBAL PAYPLUSENABLING PAYMENTSTRANSFORMATION ANDINNOVATION TO DELIVERCUSTOMER VALUE
INTRODUCTIONFusion Global PAYplus Provides the Broadest and DeepestSuite of Domestic and Cross-Border Payment Services,Delivered on an Open Platform for Innovation andTransformationNew technologies, non-bank competitors, and evolvingcustomer expectations are transforming the paymentslandscape at a rapid pace.Challenges and opportunities1Customer demand is driving the development of new payment servicesutilizing the latest technologies—34% banks state that the primary reasonfor investing in payments capabilities is to improve customer serviceand experience.12Global non-cash payment volumes are rising almost twice as fast asrevenues, shrinking per-transaction income, putting margins under pressure,and straining processing infrastructures.23In today’s 24x7x365 real-time payments landscape, risk exposure, securityconcerns and new regulations require robust liquidity and risk management,and improved reporting, visibility, and control over payments workflows.4The cost of regulatory compliance continues to increase, with anticipatedincreases of 10 to 20 percent over the next two years, further squeezing margins.31. CEB TowerGroup Adoption and Investment in Financial Services Technologies: PaymentsEngines and Hubs, May 20162. McKinsey Global Payments 2016 & Capgemini World Payments Report 20173. Accenture’s fourth annual compliance risk report, Dare to Be Different, April 2017FINASTRA Brochure3
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FUSION GLOBAL PAYPLUSEnabling Payments Transformation andInnovation to Deliver Customer ValueThe solution helps financial institutions of every sizemanage all payment types, both within and acrossnational borders.The Challenges64%of banks are planning to implement aPayment Hub, with another 24% alreadyimplementing one.197%With Fusion Global PAYplus, a leadingglobal Asia-based bank achieved anSTP rate of over 97%.Today’s financial institutions findthemselves confronted by significantchallenges. They need to meet evolvingcustomer demand, support newpayment types and technologies, andmanage multi-currency and multiproduct payment operations in manydifferent countries. They must alsoincrease revenues, reduce risk and loweroperating costs, while navigating a highlycompetitive and increasingly stringentregulatory environment.The SolutionA clear majority of financial institutionsagree on the best way to addressthese challenges: end-to-end paymentstransformation, powered by theimplementation of a single globalpayment hub for managing andprocessing all domestic and cross-borderpayments in a cost-effective, secure andreliable way.Finastra’s global payment hub solution,Fusion Global PAYplus, is designedto serve as the ideal catalyst for thistransformation. It offers the broadestand deepest suite of payment servicesavailable today—spanning high-valuepayments, mass payments andimmediate payments—in a singlesolution. Based on a modern API- andmicroservice-enabled platform, it can beeasily, quickly and predictably integratedwith a financial institution’s existingtechnology infrastructure.Fusion Global PAYplus enablesfinancial institutions to consolidatesilos of legacy payment operationsinto a shared payment services hubthat can be deployed globally yetcontrolled locally—thus reducing risk,simplifying administration, and reducingoperating cost.1. CEB 2015 Payments Technology ShowcaseFINASTRA Brochure5
The Solutions Modular Design Supportsan Incremental Approach to TransformationFinastra’s customers have gone live with some of the mostcomplex payments projects in the world in record time.6FINASTRA BrochureFusion Global PAYplus: Enabling Payments Transformation and InnovationCustomerChannelsCore Payment ntClearing &SettlementClearingChannelsMessaging &Advising Origination Validation Audit & Authorization ISO 20022 Validation Routing Workflow STP ACH/Wires Advising & Statement Enrichment & Mapping Routing, Fees, SWFTCheckClearingNetworks& ValidationStraight-Through ProcessingValidation & EnrichmentComplianceAccount rchestration/Connectivity High-Value PaymentsEnables banks to receive, process,and send high value payments,both incoming and outgoing,as well as clearing specificmessages, processes, and rules.Supports wire/RTGS payments inthe Americas, EMEA, and APACas well as cross-bordercorrespondent banking paymentsvia SWIFT. Mass PaymentsEnables banks to receive, process,and send files and messages thatcontain multiple bulk payments—credits, debits, collections andrelated transactions—as wellas individual transactions.Supports mass/ACH paymentsin the Americas, EMEA, and APACas well as bilateral and multi-lateralclearing arrangements. Immediate PaymentsEnables banks to receive, process,and send individual and bulkpayments for schemes whoseturnaround time, from issuance ofa customer’s original instructionto the bank’s final response, musthappen in a few seconds or less.Finastra is the global leader inimmediate payments, processingmillions of immediate paymentsper day across Europe, Asia andthe Americas.The solutions modular design supportsan incremental approach to transformation,allowing banks to take tactical stepsbased on near-term business objectives orregulatory requirements, while laying thefoundation for a fully integrated, end-to-endpayment services hub that replaces alllegacy processing silos.To stay relevant, financial institutionsmust reassess their role in the paymentsecosystem, and rise to meet customerdemand for seamless paymentexperiences across all channels andmarket segments. Fusion Global PAYplusenables financial institutions to meetthis demand.Orchestration/ConnectivityPayment Solutions for tworksValue-Added CapabilitiesInternetBankingDashboardLiquidity &Risk ManagementTransformationReporting &AnalyticsOrchestration/ConnectivityMobileBank Systems Treasury ERP General Ledger AMLInterbankNetworksImmediatePaymentNetworks
“In less than three years, Fusion GlobalPAYplus has been successfullyimplemented in 40 branches across29 countries at one of the largest Asiabased banks.”FINASTRA Brochure7
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Consolidate all Payment Operations Intoa Single Global Payment HubExpand your footprint and easily incorporate new entities,geographies, time-zones, currencies and products.US 100MThrough the elimination of legacysystems and improvements inoperations, one client was able to savewell over US 100 million over a fiveyear period following the implementationof Fusion Global PAYplus.50 SystemsWorldwideFusion Global PAYplus was implementedat one of Asia’s largest banks in14 branches across 12 countries in justone year. And as a result, the bank hasbeen able to retire over 50 systemsworldwide.Business BenefitsSaves Time, Reduces Costs and ImprovesOperational EfficiencyThe solution brings together paymentsflows for many different paymenttypes and from multiple systems intoa central payments hub. Information isconsolidated into a single view, savingstaff time and enabling significantreductions in the number of interfacesand systems requiring managementand maintenance.As a result, maintenance cost isdramatically reduced. Also, the userinterface can be personalized throughconfiguration, helping users to prioritizetasks and focus on only those thingsthat require their attention, thusimproving productivity.Improves Customer Service15MTransactionsIn a benchmarking exercise for a largeEuropean Commercial bank, FusionGlobal PAYplus processed more than15 million transactions in less thanone hour.The solution allows banks to give theircustomers the flexibility needed tomake and receive payments quicklyand easily - in real time, at any time,24x7. This enables banks to offer new,innovative services— like real-timepayments in the US, or instant paymentsin Europe —and to increase the velocityof commerce.Fusion Global PAYplus is API-enabled sobanks can take advantage of the latestAPI technologies and improve customerexperience by providing frictionlesspayment experiences across any serviceor channel, as well as comply withregulations like PSD2. The solution allowsbanks to meet customers’ demands forreal-time access to liquidity, enabling themto carry out transactions closer to clearingdeadlines, and have credits posted asquickly as possible.Accelerates Time-To-MarketA configurable rules engine provides theflexibility to quickly add new functionalityin response to changing industry andcustomer requirements, without codechanges—reducing the burden ofregulatory compliance, and acceleratingtime-to-market of new payment services.Reduces RiskBy reducing the number of interfaces,systems and processing stages requiringmanual intervention, Fusion GlobalPAYplus enables operational risk to bereduced dramatically. Additionally, thesolution can be easily extended toincorporate more advanced real-timeliquidity and risk management capabilities.Enhances Decision SupportThe solution’s dashboard providesmission-critical payments information inone consolidated view, allowing for easymonitoring and analysis of all aspectsof the bank’s payments operation.The dashboard accumulates data overtime and uses a baseline for normalbehavior, issuing real-time alerts whenabnormal trends are detected.This “bird’s eye” view—both in realtime and over time—allows financialinstitutions to quickly and easily identifytrends, avoid trouble spots and makeinformed decisions. Similarly, by readilyproviding only the most necessary andrelevant information, the solution enablesusers to quickly assess the informationthey need to do their job, and makedecisions without being distracted byirrelevant data.FINASTRA Brochure9
Fusion Global PAYplus Offers a Broad Rangeof Business CapabilitiesThe global leader in immediate payments, Fusion GlobalPAYplus is API-enabled, allowing banks to accelerate theirmove to immediate and open banking.The Market Leader in ImmediatePayments Globally4.6MAt one UK-based bank alone, Finastra’simmediate payments solution hasprocessed 4.6 million payments ina single day.2Finastra supports 2 major US bankson The Clearing House’s RTP 17M17 million real time SWISH transactionsare processed by Finastra every monthin Sweden.4Finastra supports 4 major bankson Singapore’s FAST scheme.10FINASTRA BrochureFusion Global PAYplus BusinessCapabilitiesImmediate Payments Meets OpenBanking to Foster InnovationImmediate payments - also referred toas real-time payments, instant paymentsand faster payments - continue to buildmomentum as more countries lookto offer solutions for instantaneousfunds transfer, 24x7x365. Open bankinginitiatives like PSD2 together withimmediate payments will revolutionizepayments and foster innovation, creatingnew business opportunities for banks andfinancial institutions to meet regulatory,consumer and corporate demand.Finastra is the market leader providingimmediate payments solutions globally.Our solutions range from smart gatewaysproviding multi-network routing andconnectivity, to end-to-end immediatepayment processing solutions with builtin digital channel integration, stand-inprocessing, and liquidity management.Includes a suite of microservices for thedevelopment of value-added offeringsto take advantage of the latest APIinnovations and comply with PSD2in Europe.Liquidity and Risk ManagementDemand for intraday liquidity continuesto grow as financial institutions andtheir corporate customers expand theiroperations into a wider range of marketsacross the world, boosting the volumesof both cross-border and domestictransactions. Finastra’s liquidity and riskmanagement module provides bankswith the tools they need to addressnew intraday liquidity monitoring andmeasurements standards and meet thedemands of new regulation,while also delivering significantcompetitive advantage through improvedprocesses, systems and best practicesfor liquidity management. The solutionautomatically centralizes all paymentsand liquidity events in one place, so thatlimit monitoring of inputs and settlementscan be performed consistently andin real-time.It also includes sophisticated forecastingand planning tools that enable financialinstitutions to meet their paymentobligations throughout the day as well asat end-of-day.A Range of Deployment Options fromOn-Premise to CloudFinastra’s payment solutions are availablein a variety of deployment models,from entirely on-premise installationsto on-demand Software-as-a-Service(SaaS) in the cloud. Hybrid models,where some solution elements aredeployed on-premise while others aredelivered on either private or public cloudinfrastructures, are also feasible.This allows banks to consume Finastra’ssolution in the way that makes sense fortheir business needs, without technicallimitations. Whatever the deploymentmodel, banks can be confident that withFinastra’s Fusion Global PAYplus, theyare selecting the world’s most advanced,scalable and secure payment solution.
Mature and comprehensive system workflows alignwith any operating business model.Fusion Global PAYplus Key Features Process Any Payment Type - automatedprocessing of ACH, RTGS, SWIFT andimmediate payments with high levelsof STP. Channel-Agnostic - works withany channel for payment captureand management. Extensive Global Reach - supportswidely used clearing and customerformats with tools to rapidly addadditional formats as needed. Centralized Liquidity and RiskManagement - provides a global view ofliquidity using an automated system tomanage counterparty liquidity risk. Comprehensive Workflows andBusiness Capabilities - mature andbusiness feature rich workflows,with multi-currency and multi-lingualsupport for any geography, and multientity organizational structures thatalign with any operating model. Modern Platform - pure, vendorneutral solution built on modernAPI-enabled architecture designed tocontinually benefit from infrastructureimprovements without the need tochange the business logic. Modular andlayered design allows users to easilyrun major projects in parallel, withoutimpacting one another or thecore system. Configurable User Interface - users cancontrol, simplify and streamline theexperience and content to identify risksand prioritize tasks. End-To-End Business Process – asuite of services to create end-to-endbusiness processes and enable enduser self- service capabilities. Open, Extensible Data andProcessing Models - allows for rapidimplementation and rollout of newproducts and features. Proven in the Most DemandingProduction Environments - designed tohighest standards of performance(low latency, high capacity, linearscalability) and reliability.US 1TA major global financial institution choseFusion Global PAYplus because it wasflexible enough to deal its 600 bankingrelationships across 21 countries.The solution went live in 14 months,implementing a platform to process over450 million transactions, representing avalue of US 1 trillion in the US alone.70%Using Fusion Global PAYplus rulesengine, clients can reduce developmentwork by up to 70%, saving cost andincreasing the speed of deployment.One large American bank has statedthat today they can add a new feature toany product simply by changing a rule.Previously, such an enhancement wouldhave taken 9 to 12 months.FINASTRA Brochure11
Global Coverage, Support & TrainingGlobal coverage with local responsiveness to helpour customers differentiate themselves and competemore effectivelyFinastra’s Services Team HelpsCustomers Maximize TheirInvestment: Ensuring the best use ofour products Building in best practices tominimize risk Transferring knowledge effectivelyand efficiently through training Delivering excellentcustomer service throughoutongoing operations24/7Support experts are available to respondto technical and functional queries12FINASTRA BrochureServicesImplementation ServicesFocusing relentlessly on maximizingcustomer satisfaction, our servicesteam— comprised of implementationservices, customer support, and training—ensures that customers implement oursolutions successfully, and bring theirstaff and customers up to speed quicklyand effectively. Using an agile implementationmethodology that offers a lightweightframework to rapidly deliver businessvalue to our customers while at thesame time significantly reducing risk Providing clients with high-qualitycommercial off-the-shelf softwareas a product baseline, which is thenconfigured to their business processes,installed and ready for testingto commenceWhen deploying and supportingmission-critical payment systems intoday’s competitive and unpredictableenvironment, financial institutions mustmaximize returns on IT investment.A wrong turn at any stage can delaytime-to-market, disrupt ongoingoperations and increase deploymentcost—and compromise the quality ofcustomer service.This support is maintained beyondimplementation, so customers canoptimize their investment throughout thelifecycle. For more than two decades,we have helped thousands of theworld’s leading financial institutions andcorporations use our products to achievetheir business goals.At Finastra, we leverage our marketleading expertise and decades ofexperience to simplify and shorten theentire implementation process, ensuringprojects come in on time and on budget,and deliver against their original goals.We do this by:Our agile implementation approachaccelerates the time in which we candeliver business value, and through theprocess of continuous planning andfeedback, we are able to ensure that valuecontinues to be maximized throughout thedevelopment process.As a result of this iterative method, ourteam is able to continuously align thedelivered software with the desiredbusiness value, easily adapting to fitrequirements throughout the process.By continuously monitoring andevaluating throughout the process,the team has much greater and moreaccurate visibility into the actual progressof the implementation. This ensures anefficient, low-risk implementation thathelps our customers realize the highestvalue from their investment in the shortestpossible time.
Customer SupportWith over 20 years of first-handexperience of solution delivery, anda collective wealth of technicalknowledge and insight, Finastra’s teamof application support experts areavailable 24/7 to respond to technicaland functional queries.This team has a solid track record ofdiagnosing and resolving issues quicklyand helping clients maintain smooth dayto-day operations. Equally important, theteam provides Finastra’s clients with theinformation and ongoing advice they needto make informed, proactive and timelyoperational decisions every working day.Global Coverage with LocalResponsivenessWe have also built an ecosystem ofpartners to provide the scalability andexpertise we need to keep expandingour coverage, extending our scale anddeveloping deeper relationships withour clients.“Courses can either be off-theshelf and focused on a particularproduct or business area, orspecifically tailored to meet aclient’s unique needs.”Our partners range from local providerswith deep experience and knowledgeof specific markets and countries, tothe world’s largest systems integrators,ensuring that our customers benefitfrom expert implementation andtraining services, regardless of their size,location or need.TrainingAt Finastra, we provide our customerswith comprehensive user training servicesthat can be tailored for end-users ofall types (project team, super usersand regular users) during and beyondimplementation. Courses can either beoff-the-shelf and focused on a particularproduct or business area, or specificallytailored to meet a client’s unique needs.Users can participate in a range offunctional and technical courses, aswell as certification programs rangingfrom ‘beginner’ to ‘experienced user’.Training may be undertaken at Finastratraining centers, or at a customer location.FINASTRA Brochure13
About FinastraFinastra unlocks the potential of people and businesses in finance, creating a platform for open innovation. Formed in 2017by the combination of Misys and D H, we provide the broadest portfolio of financial services software in the world today –spanning retail banking, transaction banking, lending, and treasury and capital markets. Our solutions enable customers todeploy mission critical technology on premises or in the cloud. Our scale and geographical reach means that we can servecustomers effectively, regardless of their size or geographic location – from global financial institutions, to community banksand credit unions. Through our open, secure and reliable solutions, customers are empowered to accelerate growth, optimizecost, mitigate risk and continually evolve to meet the changing needs of their customers. 48 of the world’s top 50 banks useFinastra technology. Please visit finastra.comFinastra and the Finastra ‘ribbon’ mark are trademarks of the Finastra group companies. 2018 Finastra. All rights reserved.GL 863 / 0418Corporate Headquarters4 Kingdom StreetPaddingtonLondon W2 6BDUnited KingdomT: 44 20 3320 5000
and improved reporting, visibility, and control over payments workflows. 1. CEB TowerGroup Adoption and Investment in Financial Services Technologies: Payments Engines and Hubs, May 2016 2. McKinsey Global Payments 2016 & Capgemini World Payments Report 2017 3. Accenture's fourth annual compliance risk report, Dare to Be Different, April 2017
Airline Payments Airline Payments Handbook Thomas Helldorff Thomas Helldorff The Airline Payments Handbook : Understanding the Airline Payments World This book puts together "all there is to know about airline payments" into a single reference guide, helping you to answer some of the most prominent payments questions: How do payments work?
Payments Innovation Summit is a unique platform for corporate practitioners to exchange practical solutions for optimizing your payments operations. Topics include: Global Payments Digital Currency Mobile Payments Innovating within the Current Payments Landscape
Payments Innovation Summit October 17-19 Rome, Italy . NBG offers a new service Instant Cash Ioanna Alexandri Digital Business Division October 2019 Europe ATM & Payments Innovation Summit Rome. 04 Agenda 1.NBG Introduction National Bank of Greece Digital transformation drives banking business
3. Payments attributed to medical practitioners. 4. gouvernementauxCombined supplier & grant payments and payments through purchase cards, including payments made by all departments and some government organizations. 5. Supplier & grant payments, loan disbursements and payments through purchase cards for each department. 5.
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BIS Innovation Summit 22-25 Mars 2021 Au programme de cette conférence organisée par le Pôle d'innovation (Innovation Hub) de la . The G20 has made enhancing cross-border payments a priority. This panel session looks at the potential of wholesale CBDCs in particular to make cross-border payments faster and cheaper .
A. PAYMENTS ARE REALLY IMPORTANT The Quantity Theory of Money shows the relationship that the payments business has to the economic output of an economy. Without payments, markets would cease to function, production would halt and government would be unable to operate. If individuals have limited access to payments then they are constrained from
The standards are neither curriculum nor instructional practices. While the Arizona English Language Arts Standards may be used as the basis for curriculum, they are not a curriculum. Therefore, identifying the sequence of instruction at each grade - what will be taught and for how long- requires concerted effort and attention at the local level. Curricular tools, including textbooks, are .
