flux paydirect nach indusind bank case study
DESCRIPTION
Case study of Host to Host Complete NACH solution using Flux PayDirect from EvolvusTRANSCRIPT
Flux PayDirect
www.evolvussolutions.com
End to end platform for India NACH
Agenda
• About Evolvus• Credentials in payments• Overview of Flux Payment platform• NACH Requirement & process flow• Mandate Management• Flux PayDirect Features• IndusInd Bank Case Study with H2H
Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute2
www.evolvussolutions.com
3 Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute.
About Evolvuswww.evolvussolutions.com
Risk Management, Payment and Business Process Automation
COMBAT: Risk management framework for Fraud Detection, AML and KYC Screening, Payment Filtering, IP Scanning, Case Management and Regulatory Reporting.
Flux: Image and Non-Image based Payment hub compatible to SWIFT, RTGS, ACH systems, SEPA, Liquidity Management.
Mantle: Core Banking front-end suite
Solutions: Data Migration and transformation, Testing, Verification & Validation, Consulting
Solutions company focused on Risk, Payments and Process automation in Banking.
Healthy financials and profitable since inception.
Focus in Africa, Asia Pacific, Middle East & Europe
World HQ in Bangalore, India
75+ banking technology professionals
The Right PartnerOffering & Expertise Key Customers
Credentials
Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute4
www.evolvussolutions.com
Hong Kong RTGS Migration (HKICL)Migration to new Technology Platform, Message format
Mantle Direct Debit Implemented 2009 with Mandate management, for National Electronic clearing system
Financial Inclusion Platform NFC based payment processing platform with RFID smart cards & integrated biometric authentication system
Combat Risk Management Platform EmiratesNBD and AL MASRAF benefit from Evolvus, Combat Risk Management Platform
Flux PayDirect for UAE Direct DebitsImplemented 2012, for UAEDDS – UAE Direct Debit
Flux PayDirect for India NACHImplemented 2013, for India ACH
Legacy Core Banking Migration Migration from EQ3 / FNS to Finacle 10.x- ENBD UAE, IndusInd Bank
Mantle ASBA IPO processing platform interfaced with stock exchanges in India, Implemented 9+ banks
1
2
3
4
5
6
7
8
Flux PayDirectEnterprise platform for Integrated payment processing
Platform Overviewwww.evolvussolutions.com
Features - Enterprise Payment Processing Platform
Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute6
www.evolvussolutions.com
Single platform enterprise to process Non Image / Image based payments.
Future Ready , support ISO20022 as native format
Multiple Gateway Enablement through plug in adapters RTGS, NEFT, ACH, IMPS , SEPA, SWIFT
Multiple Banking System interface CBS, Trade Finance, Treasury, Channels
Elastic scalability, SOA architecture and Straight Through Processing
Liquidity/Cash flow Monitoring / tracking real time
Cross channel view , ability to track messages status in real time
Automated exception handling / repair, Real time routing of exceptions.
Channel agnostic , centralization of payment processing on reusable workflow
Multiplatform compatible – Reduce TCO
Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute
Integrated Flux Reference Architecture
7
www.evolvussolutions.com
ACH
NACH
ISO20022
Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute
Core Banking Interface options Availability
Web Service RPG Program Direct API calls MQ Socket based File based ISO /swift message based
Finacle 10x – IndusInd bank, ENBD
Flex Cube – Syndicate Bank, Karur vysya
Mysis EQ3 – Indusind Bank, ENBD UAE
Infrasoft – Nutan Nagarik sahakari bank, TJSB
Legacy systems – BOA ISO8583 based – AMCO bank T24 – MQ based, NBF UAE
Interface Options CBS Interfaced
11
Advantage – Offline v/s Real Time
Automated STP process between NPCI and Bank
Work with single Class II certificate
Automatic encryption / decryption of files
File will be validated and directly posted to core banking system
Automatic management of return / confirmation process & related cutoff times.
High level of visibility of end to end file exchange process through Evolvus application.
High operational efficiency , security & greater control.
Manual Processes for: - Downloading & uploading of NPCI files - External tool to encrypt /Decrypt files
Multiple machines & machine specific encryption tooling
People dependent process , security risk
Requires Class II certificates per user High risk of downloading same file by multiple user at
multiple time.
Continuous checking /monitoring required for incoming files on website.
Manual management of mandate at Bank’s side
Ops has to manually ensure that response is provided to NPCI within predefined cutoff
Offline ACH H2H – Real time
Deployment for NACH
NACH
Mandate Capturing stations across the
branches
CBS – Finacle10
Iworks /DMS
Connect 24
Zafin Centralized Charging system
SVS
NACH Offline web Terminal
NPCINET
Exchange server
SMSCDigital Signature system
Flux PayDirect
Secure & Encrypted
DB Servers
Application/WebServer
H2H- SFTP
India NACH Requirement & Processing
Flux PayDirectwww.evolvussolutions.com
14
Originator master data with Utility code
Originator account details
Originator specific Charges
Originator processing end to end
Originator specific Reporting
Outward Mandate capturing & processing
Inward mandate verification & processing
Mandate image management
Support NPCI Mandate form capturing (.jpg/.tiff)
Support ISO20022 messages for mandate processing
Mandate ProcessingOriginator ACH Payment Processing
Outward payment file processing
Inward payment file processing
Outward/ Inward Return processing
Support NPCI file formats for NACH DR/CR, ABPS, EBT
NACH Requirement
Mandate Management
Flux PayDirectwww.evolvussolutions.com
16
Our capabilities
Existing CTS can be used for mandate scanning
Flux PayDirect will be integrated with the existing signature system of the bank for mandate processing
Existing mandates from CBS can be migrated to the Flux mandate management and the vice versa is as well doable
2
1
3
Mandate Processing Workflow - Individual
Uploads Mandate - Creation,
Update, Cancellation File
Flux PayDirect - Mandate
Management
STPHost to Host
STP- H2H Mandate
Acceptance ReportsValidation &
Generation of UMRN
Sponsor Bank
Branches Walkin –Mandate initiation
Originator
iWorks
1
2
34
5
6
7Originator informed about the mandate creation by his customer
8
9Acknowledgment of mandate sent back to Sponsor Bank
Mandate Processing Workflow - Bulk
Uploads Mandate - Creation, Update, Cancellation File
Flux PayDirect - Mandate Management
STPHost to Host
STP- H2H Mandate Acceptance
Reports
Validation & Generation of UMRN
Bulk Mandate initiation
Originator
Provides the bulk mandates to his bank
Mandate status report sent back to the originator
Sponsor Bank
1
23
4
5
6
7
89
Response from NACH sent back to Sponsor Bank
Mandate Registration Workflow
Customer
Service Provider
Customer signups for the mandate registration with his service provider
Service Provider sends all the mandates to his Bank for processing
Bank sends process and validates all the mandates and sends them to NPCI
NPCI validates & Generates UMRN. Send the UMRN to the Payee Bank along with the mandate
Bank validates the customer name and account numbers and informs the customer about the mandate creation
Bank acknowledges the mandate and responds back to NPCI
NPCI sends the UMRN and the payee bank acknowledgement to the sponsor bank
Bank sends mandate status report back to the service provider
Service provider informs customer on the status of mandate registration
1
10
2
34
7 8
9
Payee BankSponsor
Bank
5
6
Customer confirms the mandate
Product Features
Flux PayDirectwww.evolvussolutions.com
21
• Web based • Multi Device browsing• Multi browser support
HTML5 compatible
• Future Ready• PACS / PAIN series for
payment & mandates• NACH / NGRTGS Ready
ISO20022 Ready
• Image based Mandate management
• User friendly Split UI • Multiple scanner
compatibility• Signature display
Mandate Management
• Real time monitoring -• Payment flow status• Cashflow Status• Liquidity status• Services status
Dashboards
• Authorisation workflow with maker /Checker
• Authorisation note history
• Multilevel authorisation
Authorisation
• Who?• When ?• What ?• Audit report payment
wise
Audit Control
• System Rule• Operation Rules – user• Rule based routing &
filtering• Payment hold / auto
return
Rule based Routing
• Selection of event for alerting
• SMS / Email template configuration
• SMS Alert • Email Alert / Advice
Event Based Alerting
Additional Product Key Features
22
• For value dated transactions
• Auto storing and presentment
Warehouse processing
• Auto collection processing for ACH
• Loan/Finance / Card
Auto Collection Triggering
• Auto payment return• Based on validation
status• Auto reason code
mapping
Auto return Processing
• For ACH collection payments ,
• Return due to fund • Based on no
reattempt
Auto Reattempt
• Encryption / decryption across all channels /connections
• Class II /III certificate• SHA• ChecksumCrypto
• For all payment types
• Across origination host & getaways / settlements system
Reconciliation
• Charge maintenance• Auto charge
collection for payments
• Auto invoice generation
• Processing/Return charges Auto Billing
/Charging
• For ACH• Mandate status • ACH payment status • Statement / Invoices
Auto Origination reporting
• Reduce TCO• OS – AIX/Linux /
Windows• IBM WAS / Jbosss• Sql Server / Oracle /
DB2
Multi Platform compatibility
• Multiple Host interfaces
• Multiple gateway• SSO login ready• Any CMIS compliant
DMS• Any scanner• Web service enabledInterfacing
Product Key Features…….cont.
23
www.evolvussolutions.com
• RTGS• NEFT• ACH• IMPS
ISO20022
• RTGS • NEFT • ACH /
Mandate
Typical Process Workflow
IndusInd Bank Case Study with H2H
Flux PayDirectwww.evolvussolutions.com
IndusInd Deployment for NACH
NACH
Mandate Capturing stations across the
branches
CBS – Finacle10
Iworks /DMS
MCCC N.Point
Connect 24
Zafin Centralized Charging system
SVS
Loan CPU - Chennai
NACH Offline web Terminal
NPCINETH2H- SFTP
Exchange server
SMSCDigital Signature system
Flux PayDirectSecure & EncryptedOracle DB Server
Application/WebServer
26
IndusInd Bank Key Integration & Project KPI
26
Seamless operations across all 500+ Branches , CPU & Centralized Clearing Cell
Minimize cost by using existing scanning and document management infrastructure
Minimize effort towards branch training Automated and secure processing of mandates
and files Straight through transaction processing across
for our Corporate customers Significant saving in infrastructure & third
party cost
Core banking - Finacle Signature system – Finacle SVS Document management system & scanning
station across the branches Host to Host with NPCI Charging Engine Corporate banking – Direct Corporate Access
(to be done)
Key Integration set upIndusInd Project KPI
27
Software Details Option 1 Option 2
Operating SystemWindows 2008 Enterprise Server or above
Unix/Linux/Sun Solaris
Application ServerJboss or Tomcat or Websphere 6.1 / higher
WebSphere 6.1 or higher
Database serverMS-SQL Server 2008 standard Edition / R2
Oracle 10g or higher / DB2
Hardware Parameters Minimum Specification
Processor Quad Core
Chipset Intel
Processor Speed 2.6GHz or above
Cache Memory Minimum 4 MB – 8 MB L2 Cache
RAM 16 GB upgradeable to 32 GB
Hard disk Drive Type SCSI
Hard Disk space 500 GB x 2
Infrastructure requirements
Thank You
www.evolvussolutions.com atos.net
Contact Us
Sanjay Bhoite - 9930182331Anish Thomas - 9885016017Karthik - 9845113289