MGPS for Bank

Banks and financial institutions wanting to lead the market or increase their revenue in the payment industry need to adapt to the new market trend.

The market is continually changing:
• convergence in the payment mode 
• Global or country-specific regulations 
• New bank or even non-bank players in the game. 
• Pressure from Corporate Customers 
• Obsolescence of legacy systems 
• Reputation risks 
• Operational risks
 
The payment processing function is on its way to becoming a commodity. Revenues per transaction are shrinking, payments technology costs are increasing. Actual bank infrastructures, often in silos, are an obstacle to changes and to lower payment processing cost.
 
Financial institutions that create an enterprise view of their payments and implement a service-oriented architecture (SOA) culture in operations and technology will increase their payment volume and revenue by offering convergence and value-added services.The Expertus Response : MGPS

Monetis Global Payment Solutions (MGPS) is a platform for domestic and international payments. Multiple interrelated modules support the full payment life cycle. MGPS will reduce costs and increase revenues. It is designed specifically to enable banks to centralize and consolidate their global payment processes in a modular approach. A full solution that can be deployed step by step or module by module depending on your short-, mid- and long-term needs.

Keeping a payment system technical platform up and running in an effective and efficient manner requires expensive human resources, controls and support mechanism. Expertus is able to provide to its clients those key elements at a low costs because of the sheer volume processed via its SB.
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Banks and corporations benefit from E&I in their ability to provide a new level of service to their customers: faster resolution, formalized and automated resolution processes, and guaranteed message delivery. E&I solutions, manual or integrated with payment and case management systems, are not developed by SWIFT but by third parties.

The Expertus solution, described in this document, fully supports the SWIFT solution and builds on its existing MGPS platform.

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SWIFTNet FileAct allows a secure and reliable transfer of files and is typically used to exchange batches of structured financial messages and large reports. Expertus' solution, described in this document, fully supports the SWIFT solution and builds on its existing MGPS platform.
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People move faster, money moves faster and information has to follow the pace. As businesses' treasury have to comply with more regulations than ever before (SAX, Basel 2.), appropriated tools - robust, flexible and secure - are required. SWIFT has been working hand in hand with banks and corporate to develop new standards paving the way for revolutionary solutions in the Payments area. Real-time Cash Reporting is now available on the market and Expertus is ready to offer the SWIFT community a proven and tested solution of Monetis that com.
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Import lists of payment instruction for approval and accounting as bulk or singles. Produces bulk payment files from approved transactions in CPA and UNIFY (ISO 20022) formats.
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Supports the aggregation of activities in order to support regulatory reporting as it relates to the inflow/outflow of currency in a country. 
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MGPST Payment bridges between the back-end systems (accounting, BI, DWH, etc) and the SWIFT financial network.
It provides for automatic flow of information, and integrates seamlessly with other MGPST modules.
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Keeping a payment system technical platform up and running in an effective and efficient manner requires expensive human resources, controls and support mechanism. Expertus is able to provide to its clients those key elements at a low costs because of the sheer volume processed via its SB.
View Full Description   »

Banks and corporations benefit from E&I in their ability to provide a new level of service to their customers: faster resolution, formalized and automated resolution processes, and guaranteed message delivery. E&I solutions, manual or integrated with payment and case management systems, are not developed by SWIFT but by third parties.
View Full Description   »