A blockchain based enterprise solution to help banks simplify global payments processes and provide a friction-less experience across all relevant transaction areas. The solution helps digitize payments business processes, while connecting banks, payment providers and corporates on a single distributed, trusted and shared network.
Finacle Payments Connect is completely agnostic to the underlying distributed ledger technology and works with all the major platforms, including Corda, Bitcoin, Hyperledger and Ethereum.
“Finacle Payments Connect is completely agnostic to the underlying distributed ledger technology and is available on all major blockchain based platforms in the industry.”
Instant, on demand transfers and settlement in real time
Ability to track granular status of transactions and visibility of Nostro/Vostro balance in real-time
Single operational dashboard to track macro as well as micro level flow of transactions
Significantly lower reconciliation time due to improved transparency
Comprehensive pre and post transaction messaging capabilities
Rich transaction pipe allowing transfer of documents in addition to messages
Pre-funding based, Nostro based and tokenized value transfer based
Digitization, automation and straight through processing (STP) across the inter-organization payments process ensures high efficiency.
Zero cost per transaction; indirect costs incurred due to reconciliation and tracking processes is minimised. Plus simplification of system and protocol landscape leads to lower maintenance costs.
Emirates NBD and ICICI Bank, two leading banks from the UAE and India, worked with Infosys Finacle to pilot a blockchain network on the UAE-India payments corridor, one of the busiest corridors in the world for international remittances. The pilot project was completed in 8 weeks and today both banks have today moved to production stage.
Infosys Finacle has launched a pilot blockchain based network for banks with the goal of evaluating the Finacle Payments Connect solution. More than 17 banks globally have already chosen this network to transform their international payments business. We invite you to collaborate in the pilot and lay the foundations of the next generation global remittances ecosystem. Infosys Finacle will support the technology platform and maintain the test network. Get in touch with us at Contact@edgeverve.com to know more.
Finacle Payments Connect is a blockchain based enterprise solution to help banks simplify global payments processes and provide a frictionless experience across all relevant transaction areas.
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