Finbank is implementing an End-to-End image based truncation solution quickly by adhering all quality standards, security standards, time schedules, and time windows as per BRB’s requirements.
Clearing Solution Key benefits are:
- Same day nationwide clearing / one day clearing cycle;
- No transportation costs of physical paper;
- Minimal human intervention;
- The settlement process is fully automated;
- A Reduction in float levels;
- A scalable API platform is provided to integrate additional planned electronic payment settlement services (multi-transaction streams, EFT’s, ATM, Point of Sales and Cards…etc.);
- Risk is reduced and fraud minimized within the payment systems;
- Improve Customer Service Levels.