Payments
Clearing and Settlements
With automated processes now the norm, retail banks struggle to meet the speed their clients expect while also producing quality results. When it comes to services such as payment processing and fund transfers, the quicker they are completed, the happier the client is. However, clearing and settlements activities must also follow the banking regulations and laws meant to guide them through the processes, and this can sometimes cause delays. Retail banks end up having to sacrifice quickness for correctness, and this can cause frustration amongst clients.
How OpenText Helps…
OpenText ECM can provide your bank with solutions that simplify the work involved in actions such as payment submissions and confirmations. Eliminating a lot of the manual data entry that usually needs to be done, OpenText automates many processes involved in clearings and settlements. This automation not only reduces errors made, but it also ensures that all compliance regulations and unique bank policies are followed. Errors and corrections are significantly reduced, and speed is no longer sacrificed.
| Business Challenge | Customer Case Study and Solution |
|---|---|
| How do you track and reduce multiple types of risk across core business processes? | Farm Credit Services |
| How do you enable immediate, transparent access to customer information at all employee touchpoints? | UBS AG |
| How do you ensure accuracy and high customer satisfaction with rapidly increasing document volumes? | MLP Finanzdienstleistungen AG |
Products for Reconciliations
- Archiving
- Case Management
- Records Management
- Process Management
- Transactional Content Management
