Conceptual Layout

Features

• Cost effective and efficient middleware between any Core Banking System or Trade Finance System and Payment systems like RTGS, SWIFT, ACS etc.
• Enable Straight Through Processing (STP) with least data entry requirement.
• Provide a staging area for data enrichment with due maker / checker and audit controls. Takes care of data gap in CBS.
• Provide secure pipe for transmission of data from CBS to payment gateway.
• Data consistency through seamless integration with CBS.
• Supports comprehensive MIS reporting capability.
• i@Connect can be configured to handle all types of SWIFT messages – from Category 1XX to 9XX.
• i@Connect can be configured to handle multiple payment gateways and messaging systems.
• i@Connect can be integrated any Core Banking System. The user friendly data mapping feature can be used to enable automatic data extraction from the CBS.
• The solution can be configured to support different error rules as defined by SWIFT.
• i@Connect can be configured to support customized message structure and data validation rules.

Interaction Layout

Benefits

• Increased Customer Satisfaction. Improved turnaround time (TAT), and reduced cost of operations. Guaranteed return on technology investment.
• Data from Core Banking System (CBS) is automatically pulled into iConnect. This process eliminates duplicate data entry and reduces the overall processing time.
• Can be launched across the branches. Quick rollout and faster go-to-market with payment capability.
• Data consistency and integrity are maintained between CBS and iConnect. Eliminates errors and reduces manual audit and rework. Improves operational efficiency.
• User friendly application. Requires only little manual maintenance effort. Reduced training cost.
• The solution has been designed to be lightweight and hence is not resource hungry. Tested for high performance.
• Developed using Enterprise Java. Portable across many platforms. Vendor neutral, and thus offers wide deployment options to business.