Payments
Who would you prefer to operate on you? Your GP, a newly qualified surgeon or a consultant who has made a career out of treating your problem? Quite.
We see payments consultancy the same way. We’ve built our ClearView methodology on more than 40 years’ experience in financial services, which is why 20 banks and financial services companies have used it as part of their transformation process.
ClearView analyses where you are now, how your current processes work and interact and how new processes will fit in, getting you to the next stage in your process changes.
We’ll show how you can:
- Cut payment costs – on average, these account for 35 per cent of expenditure but only 25 per cent of income
- Develop new services with new revenue streams and increase volumes
- Increase your competitiveness in retail and wholesale markets, even though costs are rising and incomes falling
- Comply with new regulations from the Bank of England, the Financial Services Authority, SEPA and the Payments Services Directive
- Future-proof your IT investments
- Industrialise your payments capability and operations
Consolidation and standardisation are two issues that a payment service hub can help you to tackle. Our Logica All Payments Solution (LAPS) allows you to move towards a hub in your own time. As both a framework and a modular system, you can migrate different types of payment as and when you’re ready. You benefit from a fast return on investment as well.
Deutsche Bank used LAPS to replace multiple legacy payments systems and create a single, pan-European SEPA-compliant system handling 20 million transactions-an-hour. It also enabled them to grow an outsourced business. LAPS’ capacity has been certified at an expanded 50 million transactions-an-hour.
And Standard Bank South Africa are using LAPS to replace 17 systems over many countries. So when a change is needed – for example, in response to a new regulation – it needs to be done once, not 17 times.
When it comes to spotting money laundering and sanctions purposes, you need a system like HotScan, which does the job for some of the world’s largest financial institutions. Our new Intelligent Self-Learning software can dramatically increase the efficiency of your current scanning technology too, making it a lot faster and more effective.
From the business case to full implementation and support, we can help you to meet every specification, including SWIFT, SEPA, TARGET or CHAPS – just four of many systems we played a key role in delivering.
