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Multi-Geography Payments Modernization

U.S. Fedwire; international payments; payment engine

CLIENTLeading U.S. Bank
FOCUSPayments modernization
APPROACHInnovation · Integration · Implementation
01 / BUSINESS CHALLENGE

The challenge

  • Accelerate new capabilities and modernize infrastructure
  • Eliminate duplicated functions across product silos
  • Increase payment volume
  • Rapidly onboard new clients
02 / ENGINEERING RESPONSE

Our approach

  • Implemented payment engine for U.S. Fedwire and international payments
  • Introduced payment initiation channels
  • Established data access layer
SOLUTION ARCHITECTURE

Connected payment capabilities

Conceptual architecture — not a depiction of the client's actual production environment.

Payment channelsFiles & APIsPayment initiationExternal networks
→
Payment servicesValidation & enrichmentRouting & orchestrationISO 20022 transformationException handling
→
Enterprise systemsCore bankingPosting & accountingReconciliation & reporting
03 / BUSINESS IMPACT

Outcomes and opportunities

✓Improved straight-through processing
✓Opportunities for pension and payroll processing in Canada and the UK
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