FMS.next Payments

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.

Overview

FMS.next Payments is the complete payments solution, developed by Profile Software which supports multiple networks including users, payment channels and interbank networks through a secure environment for payment transactions. It covers all major payments instruments (credit transfers, direct debits, corporate payments) and can be deployed as stand-alone or as part of the FMS.next Core Banking platform.

FMS.next Payments facilitates domestic and international fund transfers, automates and monitors the full cycle of payments and efficiently ensures compliance to the business workflows.

Key Features

Extended multi-currency support

Fully regulatory compliance (SWIFT, SCT & SDD SEPA, other payment networks)

Centralised administration of all payments

Straight Through Processing (STP) that increases throughput, reduces transaction time, eliminates human errors and ensures validity

Process standardization: well-defined and optimised payments process flows

Format independent Payments Message Processing

Open architecture

  • Secure, public, online API provision towards compliance with PSD2 directive
  • Integration with legacy core banking systems
  • Automated interfaces with external payment systems (SWIFT, SEPA Participant systems, etc.)
  • Native integration with the FMS.next Core Banking system

Transformation, routing and consolidation services

Scalability through parallel processing or by using load balancing

Key Benefits

Optimises payment flows

Reduces transactional and operational costs

Minimises human intervention

Increases capacity and facilitates growth

Enales full control over the payments routing

Creates value-added payment services for clients

Completes life cycle trace (audit trail), including any configuration or parameterisation changes

Customises with user-defined business rules

Media

Brochures