Sygnity

Settlements integrator

Payment Hub

Payment Hub

Payment Hub can handle all payments and settlements in different channels and business areas, creating uniform, complete and effective platform for banking settlements. All this while maintaining the benefits of modularity of the solution.

Payment Hub allows not only to centralize managing of all payment and information messages and settlements within the bank, but also to automate the processes of preparing, sending and receiving payments (both inter-branch and inter-bank). At the same time, it increases the security of the processes through the option of flexible definition of control points, adjusted to the expectations of users.

Its most important characteristics are modularity and flexibility – both in terms of functionality, integration with other applications, as well as implementation and further development. This gives a possibility to adjust the system to individual needs of each bank.

Business benefits

Thanks to Payment Hub banks:

Minimise costs

through faster and more efficient management of payment messages flow while shortening manual operations time, faster accounting of costs in the account, automating operations

Increase control over the process

thanks to the possibility of viewing electronic documents during their processing; giving option of ”four-eyes principle” as an application parameter

Responds faster to problematic situations

connected with settlements, thanks to emails sent to indicated operators or dedicated user profile views

Benefits of the solution

Payment Hub is characterized by::

  • high adaptability to the needs and requirements of the banks – thanks to the modules that can be implemented together or as independent functionalities (including option of customization to the needs of business and IT),
  • easy adjustment to any bank infrastructure, regardless of the type of operational system, database or application server,
  • efficient and professional implementation in any project methodology, adjusted to the standards and expectations of the bank,
  • quick launch time, thanks to our authoring, available and proven Warthog framework, on which Payment Hub modules and other applications, close to business, are embedded.

Selected functionalities

Efficient and safe operation of Polish and foreign payment systems within one platform (Elixir, Euro Elixir, SEPA, SWIFT, SORBNET2, TARGET2)

Automatic handling of different formats of payment messages through built-in converters (e.g. MT to MX, SORBNET_BW to SORBNET2, MT103 to SCT)

Automatic handling of mass payments and mass direct debits together with mass client service module

A possibility to handle long and short paths for one type of event, e.g. control of messages for the occurrence of data included in the published sanction lists

Message archives, allowing bank to access processed, historic data

Automated reconciliation and client reports

Automated calculation of fees generated by messages processed within Payment Hub

Automated currency conversion based on built-in exchange rates tables

Accessibility of Application to Application module (A2A) used by SORBNET2 and TARGET2 systems

Flexible system adapted to client’s needs

Developed standards and flexible model of cooperation allow us to adjust the system to different Clients’ needs. We offer both the implementation of a comprehensive solution, allowing for the implementation of all processes related to settlements, as well as only its selected modules, with the possibility of any expansion in the future.

References

We have been working with Sygnity for many years successfully implementing (and multi-annual developing) Elixir-OK and EuroElixir-Ok applications (known as EELX platform).
Developing and sharing new user applications in Elixir and EuroElixir was one of the biggest technological changes in those clearing systems which KIR has made since introducing the first version of Elixir.
This implementation, as well as following development and maintenance of the EELX platform, confirmed very high competences of Sygnity team, as well as knowledge and experience of experts we have worked with. We can recommend Sygnity as a solid and reliable business partner, who supports us both in key aspects of EELX development and its daily management.

Tomasz Jończyk Director of the Business Line session clearing, KIR S.A.

Learn more about our offer

for banking

Talk to our expert

Maksymilian Baranowski

Senior Project Manager

MBaranowski@sygnity.pl

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