Slide 1: Payments Repair: Moving Money Faster
Payments Repair Moving Money Faster Temenos Payments Repair enables customers to move their money faster by repairing payments automatically without manual intervention, significantly increasing Straight through (STP) processing rates, especially for complicated high value and cross border payment f
Slide 2: How We Address Your Goals and Challenges?
How We Address Your Goals and Challenges? With the growth in eCommerce and the digitization of banking, electronic payments are increasing in volumes and complexity every day, which has transformed the way domestic and cross border payments are executed. Today SWIFT and ACH payments require accelera
Slide 3: What Our Solution Covers
What Our Solution Covers Temenos Payments Repair delivers a suite of functional components that target the 3 distinct aspects of the exception correction process: Identification 1 The ability to identify where repairs are required, and where repairs could improve processing. Creation 2 The ability t
Slide 4: User Community
USER COMMUNITY Unique knowledge base accumulated by Tier 1 clients FINANCIAL DATABASES LEXICONS BANK SPECIFIC DATA BIC+, CHIPS, RIB, others Bank – City – Country Patterns, Preferred correspondents RULE DEFINITION Incoming Payment Message PAYMENTS Enriched and Repaired Payment REPAIR
Slide 5: Features
Features Temenos Payments Repair has an in-built understanding of the key data fields in a payment transaction that can cause exceptions and mis-routings. The solution enables the targeting of those fields for repair utilizing a range of design tools and reference data points that is managed by the
Slide 6: Benefits
Benefits Significant reduction in exceptions on both incoming and outgoing payments generating — Greater process automation which delivers reduced human capital costs ability to grow volumes without increasing costs Greater automation leading to enhanced customer servicing delivers improved ma
Slide 7: Get in Touch
Get in Touch As the market continues to expand and introduce new and more diverse payment rails, as SWIFT cross border migrates to ISO 20022 based standards, banks will continue to fight their costly battles with payment processing exceptions. Temenos Payments Repair will enable any financial instit
Slide 8: Temenos
TEMENOS