Deliver a Scalable and Efficient Payments Integration Solution
The payments process is an important business function and a strong revenue source for the global banking industry. Recent market downturns, new regulations, the initiation of SEPA, and new entrants threaten to undermine the profitability of payments for retail and wholesale banks. These changes are forcing many to modernize and streamline their existing payment infrastructures to take advantage of the growing global payments market, while maintaining profitability.
At the same time, ongoing industry consolidation is driving the need to integrate payments, trading infrastructure, and SWIFT interfaces. With the goal of streamlining payment flows and enhancing straight-through processing (STP) of pre- and post-trade execution, differentiation through technology investments is crucial. But since these payments integration investments must be made for the long term, they are dependent on flexible technology that can support a continuously evolving market.
The Informatica Solution for Global Payments Integration
The Informatica solution for global payments integration enables banks and capital market firms to integrate messages of varying financial standards into proprietary applications and back-office legacy interfaces, while conforming to the latest messaging formats.
With this global payments integration solution, you can:
- Save time by accessing the SWIFT network faster
- Reduce costs of payments integration development and maintenance by 50 percent or more
- Support multiple SWIFT versions and other financial standards
- Easily complete payments integration with legacy and back-office systems located inside or outside your enterprise
- Reduce dependencies on multiple providers with the right SWIFT formats
- Lower costs of operations and communications with additional services to counterparties
- Save time by eliminating cumbersome and error-prone manual bank account management processes
- Increase your competitive edge and provide customers with integrated treasury solutions
Key Capabilities of Global Payments Integration
Unlike other payments integration solutions on the market, the Informatica global payments integration solution enables banks and capital market firms to achieve true straight through processing.
Based on a single, comprehensive platform, the Informatica solution for global payments integration features the following capabilities:
- Automated compliance with new SWIFT versions through prebuilt SWIFT transformation rules released months before the new version is supported on the SWIFT network
- Rapid analysis of changes and automation of the upgrades needed to comply with new SWIFT versions
- Smooth transition to SWIFT MX and support for other financial standards, such as SEPA, ISO 20022, BAI, FIX, CREST, and NACHA, in any type of architecture (legacy, SOA, and proprietary) and across multiple environments, such as EAI, ESB, and data integration
- Transformation and validation, both syntactic and semantic, of messages of any financial standard
- Included reference data, such as the BIC directory, and support for ISO 20022 data dictionary
- Exchange of unstructured data through transformation of customer documents (in Excel, Word, and PDF, etc.) into SWIFT or any other financial standard for easy consumption by back- office systems
- Economical connection to the 8,500-member SWIFT network via Informatica and SWIFT Alliance Lite
- Access to all back office data through automated extraction and transformation of proprietary data from ERP/Order Management systems into any financial standard.
- Integration of massive volumes of batch and real-time data residing inside and outside your enterprise