Key Features
- Enables financial institutions to securely transmit outgoing and receive incoming wires with very high rates of STP & minimal user intervention
- Single payment processing system for multi currency and multiple channels
- Message Parsing component allows configuration of multiple formats for different countries without any code change
- Queue based logic to identify payments based on criteria such as "Referral needed", "Pending Cover Match" etc
- Secure and flexible wholesale payments module can handle corporate file uploads having multiple message types with additional information such as invoice details to help a corporate reconcile its payables and receivables
- Ability to do OFAC and SDN checks on all parties in the payment ranging from remitter, to beneficiary to intermediary institutions using Intellect VIGIL (or via industry standard AML engines)
- Seamless integration with a Limits module to check customer limits (individual, group and complex hierarchical limits) before allowing a payment to pass through helps reduce settlement risk
- Enables banks to aggregate balances and limits, processing referrals and handling high value individual and high volume bulk / batch payments
- Rule based Straight through processing for various transactions
- Ability to launch payment products faster
Comprehensive product coverage ranging from Cash, Non Cash (Instrument), Card payments to domestic, cross-border payments and various Standing orders
"Intellect Payments was positioned as a strong candidate for Legacy Core Banking Transformational deals, with strong reference customers and Modular Approach - Intellect in Gartner’s Magic Quadrant for International Retail Core Banking Suites: Jun 09"