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.