Financial Services Products
It’s all about the numbers. When it comes to transaction volumes, you want big ones, processed as fast as possible. In other cases, such as missed reporting deadlines or Herstatt risk, only a zero will do.
Our specialised financial services, Global Product Business, is built on decades of thinking about the issues involved in getting you the right numbers at the right time, first time.
Because we understand the sector, you get implementations that not only work technically but also take into account local considerations. That translates to great support and it’s one of the reasons why we’ve worked with 80 per cent of the world’s top 50 banks – and why they come back to us.
Payments - Logica All Payments Solution (LAPS) is both a framework that allows you to move towards an integrated payment services hub and a series of interlocking modules that allows you to start with one type of payment and then take on another, once you’ve seen an early return on investment.
Whether high value, low value, mass or regional payment applications (such as full SEPA) we have the right solutions and workflows to make it happen. One of our clients uses LAPS to deliver low-value payments in 15 countries, taking advantage of its certified 50 million payments-per-hour processing power.
Financial Crime - You have to check your transactions against sanctioned entities. That’s exactly what HotScan does for some of the world’s largest financial institutions. Our new Intelligent Self-Learning software improves the efficiency and effectiveness of existing scanning technologies significantly, driving down your false positives. Full Know Your Customer processing is also supported.
Risk and Regulation - We’ve been building reporting systems for the finance sector since 1986. Today we help more than 750 financial institutions worldwide to comply. We make it easy too.
Forex & money markets - Logica’s CLS Manager (LCM) currently processes more than 40% of the daily traffic through CLS. Our strategy makes us pioneers in the CLS market. We were there from day one in 2002. As CLS continues to expand, so do our capabilities.
Financial Messaging
- You need to be able to manage high value traffic so that it reaches the right destinations on time, every time, without duplication. Our high-end financial messaging hub, FASTWIRE Open, does just this.
In financial messaging, it’s unbeatable, 200 banks currently use our message switching and payment delivery systems worldwide. One bank alone moves more than the GDP of North America every two days with FASTWIRE Open.
Central Market Infrastructure – our Real-time gross settlement systems and security settlement systems set the standard for market infrastructure around the world.
These innovations have been built on a rich heritage, from being involved with SWIFT from the concept stage in 1969 and CHAPS in 1983, right up to delivering automated solutions for the latest liquidity reporting requirements.
So let’s talk numbers. You can reach us at globalproducts@logica.com
