IMS Payments escalated to Central Payment Hub

A major bank that acquired IMS Payments for its Swift Payment Modules, later turned on RTGS and ACH Payments as well. Supporting modules like Cash Management, Reconciliation, Summarized data views and Reporting became automatically functional. Services assuring quality like Compliance check, Duplicate check and data validation were tuned-on as well.

The process flow includes integration with a series of source systems and external entities like Swift, Central Bank, Data vendors and various other counter-parties. The bank was able to retire a series of legacy systems that were incurring high operating costs and maintenance cost through frequent down-times.

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