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SOA
for payments for SEPA compliance
The European Commission is putting high pressure on financial
institutions with SEPA realisation for 2010. Most of the
European banks have to re-engineer their payments applications
in order to merge Euro domestic and Euro Cross-border channels.
In the meantime the banks have to comply with SWIFTNet phase
II and to set their strategy regarding their direct or indirect
connectivity to TARGET 2 and the new Pan European ACH.
SOA
for payments is a Sterci platform which helps financial
institutions building their Enterprise Payments Hub Strategy.
The solution, scalable, robust and secure is built on the
BEA AquaLogic SOA infrastructure and is Powered by Sterci
STP business components. AquaLogic provides to payment applications
a set of Sterci interoperable, standards-based services
that can be combined and reused quickly to meet business
needs.
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| Why
a Service Oriented Architecture ?
A
Service-Oriented Architectural approach is increasingly being
utilized to meet the needs of rapidly changing business processes,
standards and regulation compliance. The ability to create
composite applications by combining multiple services offers
significant competitive advantages and cost savings to those
organizations deploying them. |
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Sterci
SOA payment services
The
Sterci solution, scalable, robust and secure, can be built on
BEA AquaLogic SOA infrastructure and includes the following
key services:
- SWIFT
connectivity FIN-FileAct-InterAct for easy
access to SEPA compliant payments market infrastructures
TARGET 2 and Pan European ACH.
- Bulking
– Unbulking of low-value payments for Corporates
to Bank as well as Bank to ACH file processing.
- RMA
SWIFTNet phase 2 relationship management application to
check the validity of the relation prior to issuing a payment.
- XML
ISO 20022 data mapping (payments, funds,
cash reporting, Exceptions & Investigations to easily
bridge legacy application to the new standards
- AML
filtering against black lists to comply with EU directives
- Reconciliation
of any transaction including payments, forex, money market,
securities
Those
re-usable services are delivered through SOA compliant Sterci
existing products in the BEA Enterprise Service Bus.
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