Efficient transaction throughput
For transactions, two options are usually operated in parallel:
- A loose coupling in the form of a file-based interface remains useful and efficient for the exchange of large files (e.g. bulk payments).
- There is an increasing demand for real-time services, for instance to check the current balances/financial status or submit Instant Payments. These can be realized using the Transaction Data Connector. This interface consists of a standardized MQ-based connector via which XML messages are exchanged. If necessary, a bank-specific adapter can be implemented to match the concrete interfaces of the specific core banking system.
Intelligent format analysis and conversion of payments with UBIQCash
Frequently, corporate accounting and payment systems deliver a single central format, which UBIQCash then converts to the outgoing formats needed. In other cases, UBIQCash can be configured as a universal “format converter” for multiple in-bound and outbound formats.
Extendable service management
For information exchange, especially in the online banking context, the Service Data Connector supports the exchange of freely configurable information, allowing the bank to define the services it can provide, based on generic XML messages. Such new services can be onboarded and delivered to the clients quickly using smart forms and smart reports embedded in an automated end-to-end process. Typical examples from our user community include cards management, loan applications, handling of term deposits.
Specialist service – Automated Bundesbank Connection
Within the framework of the Deutsche Bundesbank’s Electronic Access (EÖ), banks and authorized corporates can manage their Bundesbank accounts electronically, collect statements and submit payments. An automated communication tool, MultiCash Transfer, can be implemented in the workflows to handle this exchange. Payment files and messages are received from the Bundesbank and immediately passed on to the client’s accounting package and / or Treasury Management package. In the same way, payment files generated by the accounting system are imported using an automated file interface and submitted to the Bundesbank. An on-screen report of all files received from or submitted to the Bundesbank is available, and full details of each file can also be consulted. The easy-to-operate administration functions enable the user to configure the system according to his individual needs.