Payments Hub
Payments Hub is a centralised payments ecosystem: service-focused, highly configurable, componentised, and API-centric. It provides an agnostic interface across channel, customer, and payment type and also insulates the Bank from the impact of settlement and regulatory scheme changes.
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Define | Manage | Orchestrate | Monitor
Rapid Delivery, and change, with prebuilt configurable workflows and business rules. Allows for the ability to customise workflows by any dimension, such as instrument, channel, or transaction type or payment characteristics, such as value or status (BPM).
Process Orchestration
Business Rules
Work & SLA Management
Exception Handling
Customisable workflows as opposed to hard-coded vendor-defined workflows based on payment object characteristics and rules
Configurable processes, taking into account different service level agreements
Customised item routing for “Standard Basic Flows” (Vanilla Products) and “Expedited Flows” (Premier/Bespoke Products)
Citizen Developers and Business Users are geared to introduce additional rules without the need for any granular code change interventions
Fine-grained exception handling with the ability to deal with workflow anomalies and special cases with care
Validate | Transform | Enrich | Route
An orchestration layer that not only handles multiple payment types and clearing scheme formats, but also orchestrates end-to-end workflows based on business rules.
Features
Single interface for all internal and external systems
Transparent and flexible
Verify any payment instrument, scheme, customer, or transaction
Robust workflow engine to automate workflows as per business rules
Handle high-value, high-volume, and real-time payments with uniform, consistent, and seamless processing
Provided parallel processing and scalability
Component-based architectures
Accurate representation of all payments data, both current and historical
Benefits
Reduced total cost of ownership
Higher Straight-Through-Processing (STP)
Consolidated systems ensuring future-proofing for new clearing schemes
Single view across all types of payments including batch processing real-time, enabling 24x7 reporting
Accurate 360 ° view of payment data
Ability to offer value added services without interrupting end to end processing
Accept, engineer, and transmit incoming and outgoing high-value payments.
Features
Provides urgent processing, in a secure environment, for high-value financial transactions ranging from one to several million
Instant notifications to provide peace of mind before ownership can be transferred between sending and receiving parties
Special care and total visibility provided to handle bi-lateral trade payments processing
Enables rapid confirmations of trade which are crucial to being perceived as a trusted party
Examples of supported payments and clearing schemes (not a restrictive list): ACH/RTGS, ISO, SWIFT, SADC, South Africa, Kenya, Zambia, Tanzania, Lesotho, +20 others
Benefits
Quick to implement
Maintained in line with messaging standards and scheme rule books
Reduced cost of maintenance
Insulated from scheme and regulation changes
Secure, scalable, and reliable
Certainty and high speed of processing
Capture, validation, and transmission of high-volume payments
Features
Enables urgent processing, in a secure environment, for financial transactions which involve paying multiple recipients simultaneously
Provides bulk file upload, or integration, using web services (APIs) for STP with corporate ERP systems
Provides for automated recurring or once-off bulk and single transfers
Capable of handling affiliate commissions, customer rebates, employee benefits, and incentive pay-outs
Multiple currency handling
Examples of payments and clearing schemes we support (not a restrictive list): Cheques, EFTs, FXs, Cash, SADC, South Africa, Kenya, Zambia, Tanzania, Lesotho, +20 other
Benefits
Pre-packaged workflows for all payments processes including direct debit collections and salary credits
Pre-configured to align with the messaging standards and scheme rule books of the country
Configurable to align with business rules
Complete audit trail of payment history
Significant time saving for frequent payments
Having a single point of access to multiple network schemes is the key to the optimal performance of a 90% STP process.
The Sybrin Clearing Schemes Layer is an integration layer with connections to multiple clearing and settlement mechanisms within a single middleware layer. This approach replaces the traditional need to have many-to-many connections depending on the transaction type and the scheme chosen by the participants. The clearing schemes are split into the following:
High-Value
SADC-RTGS (SIRESS)
Local RTGS
Cross-Border (EAPS, COMESA, & Other)
SWIFT
Immediate Payments
RTC
TIPS
TCIB
Mobile Money
Zambia (NFS)
28+ Others
Mass Payments
BankservAfrica
CTS
PAL
KBA
ZECHL
28+ Others
Features
Single robust integration layer encompassing the majority of settlement systems
Instant payments are cleared immediately, and settlement is broad spectrum-based between net settlement, deferred settlement, multilateral settlement, and pre-funded settlement
Provides tracking, monitoring, and liquidity optimisation which are key functions for the smooth processing of instant payments
Real-time view of the bank’s liquidity position within a clearing scheme
Ability to participate in a variety of schemes, allowing for greater market share and revenue growth
Benefits
360° View of the liquidity status at any given time
Integrated multiple clearing and settlement, replaces traditional many-to-many connections
Total processing time within seconds
Insulates banks from the impact of scheme changes
Easy to participate in a variety of schemes
A single unified operational and regulatory view of all payments across the organisation.
Improved Management Visibility and Control
Consolidating the payments processing process allows for the intelligent capture and use of data, which allows for business activity monitoring dashboards, analytics, and management reports. These reports aid in making crucial management and business process improvement decisions. The automated collection and analysis of data also improves customer profiling thus improving the effectiveness of targeted marketing campaigns.
Stronger Compliance and Reduced Risk
The solution’s configurable rules engine ensures that new regulations can be easily integrated into the solution when they arise thus addressing the relentless pressure to incorporate and implement regulatory compliant solutions. The rules engine also enforces Know Your Customer (KYC) and Anti-Money Laundering (AML) policies and Sybrin automated services perform automated sanction screening.
Monitor Payments, Anytime Anywhere
Our systems ensure transaction tracking from initiation until completion, allowing the bank to make informed decisions. The monitoring and alert capabilities include setting up of alerts for specific payments, liquidity events, or security violations based on business and governance rules.