OpenText Financial Hub
Gain automated, scalable payment processing with unmatched visibility
Overview
Benefits of OpenText Financial Hub
Discover the advantages of straight-through processing for financial services.
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Increase flexibility
Manage a wide range of processes from settlement and payment instructions to subscription/buy, redemption/sell, switch and transfer orders leveraging any data formats.
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Enhance control and security
Leverage a multilevel maker-checker workflow manager that supports multicurrency integrated processing in a flexible, secure, zero-footprint browser environment.
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Improve transparency and manage by exception
Enable operational teams and clients to quickly identify exceptions and take corrective actions with real-time access to transaction summary dashboards.
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Simplify software management
Leverage a Software-as-a-Service (SaaS) model, with no software to license, implement or maintain, via a monthly subscription.
Why OpenText Financial Hub?
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Trusted industry leader
Join the more than 300 leading companies relying on OpenText’s STP software for in-depth payment visibility and key insights.
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Seamless integration
Enjoy painless implementation as the payment processing system is integrated with existing infrastructure through whatever mechanisms best support organizational needs.
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Real-time monitoring
Allow users to display a variety of fields for each transaction with customizable blotters and enable filtering and quick viewing of transactions based on specific criteria.
Key features
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Wealth management and capital market capabilities
Provides straight-through processing with visibility from execution to settlement for trades of equities, fixed income, mutual funds, ETFs and alternative investments, and manages millions of transactions per month for more than 300 counterparties.
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Payments portal
Offers a web-based portal to augment payment messaging and files processing with a variety of client-enablement features, that establish self-service controls for value-limits, monitor transaction lifecycles and more.
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FX connectivity
Allows the FX desk to send and receive all their orders in one format (e.g., FIX), while providing flexibility for clients to connect in various formats, including file and SWIFT, to create a single payment processing system.
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Flexible reporting
Enables the production of standardized and customized reports, for one-time or recurrent use, that can be exported for download or scheduled for transmission via email, API, SFTP, CSV, XLSX, or other agreed format.
Accelerate the value of OpenText Financial Hub
Deployment
OpenText offers a flexible deployment option for OpenText Financial Hub.
- Leverage processes and technologies to manage B2B integration requirementsOpenText Private Cloud
Professional Services
OpenText Professional Services combines end-to-end solution implementation with comprehensive technology services to help improve systems.
- Get a trusted partner to guide your information management pathYour journey to success
- Propel your business into the future with modern solutionsNextGen Services
- Accelerate your information management journeyConsulting Services
- Unlock the full potential of your information management solutionCustomer Success Services
Training
OpenText Learning Services offers comprehensive enablement and learning programs to accelerate knowledge and skills.
- Meet the demands of all types of users for effective adoptionLearning Services
- Unlimited access to training with personalized tiers to fit your needsLearning Subscriptions
Communities
Explore our OpenText communities. Connect with individuals and companies to get insight and support. Get involved in the discussion.
- Explore ideas, join discussions, and networkOpenText’s forums
OpenText Financial Hub resources
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Straight-through processing (STP) is a type of automated process that is carried out through electronic transfers without the need for any manual processes. STP systems are commonly used for payment processing.
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The benefits of straight-through processing for financial services include speeding up transaction times, improving data accuracy and simplifying cross-border payments.
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An STP financial hub automates manual processes by replacing traditional paper-based transactions with electronic data transfers. This helps minimize errors and speed order processing, resulting in a more efficient payment transfer service.
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Straight-through processing minimizes manual processes and printed documentation. Traditional banking transactions require a payment initiator, data entry clerk, data supervisor and payment processor. STP software takes care of the latter three roles and digitizes all stages.
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STP software enables commercial lending services to streamline the initiation and settlement of payments, resulting in a faster, more reliable process. Payment process digitization also increases the speed, accuracy and flexibility of reporting and compliance tasks.
