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Funds control engine for Instant Payment approvals and reservations

Ensure real-time payment approvals and reservations with a powerful funds control engine. Seamlessly integrate with your systems to manage funds availability and reduce transaction risks.

All-in-One Cash Management Funds Approval Solution

The Funds Approval Solution is a critical component for enabling real-time payment processing in banks. It addresses the challenge of legacy systems struggling with instant payment demands, such as real-time balance checks and funds approval. This solution integrates with existing bank infrastructure to provide up-to-date, accurate data on account balances, ensuring that funds are available and properly reserved before a transaction is approved.

By leveraging APIs to stream real-time data, the Funds Approval Solution ensures that banks can validate and approve transactions swiftly, reducing risk and maintaining operational efficiency. This helps banks meet the stringent requirements of instant payment systems, ensuring compliance with regulations and improving overall customer experience by enabling faster, more reliable payments.

The system can be implemented without a complete overhaul of existing infrastructure, providing a seamless upgrade to legacy systems, and allowing banks to remain competitive in an increasingly real-time payment environment.

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Challenges for corporate banks

Legacy banking systems often struggle to provide real-time balance checks and funds approval, hindering banks' ability to meet the demands of instant payments and regulatory requirements.

Legacy systems limiting RT processing

Legacy banking systems often struggle to provide real-time balance checks and funds approval, hindering banks' ability to meet the demands of instant payments and regulatory requirements.

Without real-time validation, banks face delays in approving payments, increasing the risk of errors, fraud, and customer dissatisfaction. The solution ensures timely and secure payment approvals.

Transaction approval delays and risk

Without real-time validation, banks face delays in approving payments, increasing the risk of errors, fraud, and customer dissatisfaction. The solution ensures timely and secure payment approvals.

Many banks face difficulties integrating new payment systems with outdated infrastructure. Our solution allows seamless integration with existing systems, enabling faster, more efficient payments.

Integration challenges

Many banks face difficulties integrating new payment systems with outdated infrastructure. Our solution allows seamless integration with existing systems, enabling faster, more efficient payments.

Funds control engine

The Funds Approval Solution integrates with existing bank systems to enable real-time balance checks and transaction validation. It uses APIs to stream up-to-date account data, ensuring that payments are approved quickly and accurately. This solution helps banks meet the demands of instant payment systems without overhauling legacy infrastructure, reducing risk and ensuring efficient processing.

How it works

 

  • The Funds Control Engine manages funds across selected accounts, offering flexible control.
  • It applies funds control to single accounts or complex corporate structures with multiple currencies.
  • Instant payment approval is expedited for faster transactions.
  • It handles both fund reservations and direct transactions.
  • Accounts can participate in a central credit line, simplifying fund management.
  • It integrates using standard ISO messages for system compatibility.
  • Balances are updated in real-time for accurate transactions and reservations.
  • The API enables the creation, modification, and closure of relevant accounts.
  • Real-time data is streamed to the bank’s IT and accounting systems for updates and reconciliation.

 

Find out more

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