TEMENOS PAYMENT HUB
The dynamic policies of local and international regulators, migration to ISO 20022, closer attention to cryptocurrencies and blockchain, online wire transfers and mobile payments, as well as related services are raising challenges to banks and financial institutions on quick respond to any changes.
Temenos Payment Hub (TPH) is a unique flexible solution that gives banks not only full, centralized control in real-time mode, but also allows to process any type of payment in any format via any channel from any source to any core-banking platform.
TPH is based on an Open System Architecture with a full on-line web interface that is easy to update, while the payment processing logic and rules are maintained as metadata. This means that the system will never be out of date, as it allows the financial institution to modify or replace different parts of it and, if necessary, update out of dated technology.
Advantages:
- Provides banks with unified solution for customization of payment processing for all clients, specifying different processing with high and low service level through parametrization without any changes in software.
- Allows you to skip, assign priorities, value date and manage service level agreements using parametrization.
- Using to full advantage of STP with ability to set up automated actions for exceptions and reduce risk by minimizing manual intervention.