BANKING
Management of financial flows
To meet the challenge of advances in clearing and settlement systems in Europe, CIBF developing a new payment platform based on an ESB infrastructure.
On the initiative of the EPC (European Payment Council), banks are stepping up their efforts to create a single euro payment area (SEPA). This process should lead to the harmonisation of payment instruments (intra-EU transfers, direct debits, debit/credit cards) and to develop clearing and settlement systems within the Euro zone: TARGET2, PE-ACH.
In this context, European banking and financial institutions will have to make choices about their handling of mass operations and high value operations. Moreover, they will choose to be connected (directly or via other banking/financial institutions) to a specific exchange system, depending on the size and nature of their activities, exchange volumes, costs, etc.
Whatever strategy and timetable they choose to adopt, these changes will certainly have an impact on aspects of organisation and processing (routing operations, complying with constraints of new networks, etc), and will prompt banks to review or gradually adapt their information systems. In any event, these institutions will favour simple and standard solutions.
In the face of these challenges, CIBF today is offering a new payment platform that manages Pan-European payment instruments and connects different clearing and settlement systems within the Euro zone.
- NEXUS is based on an integrated infrastructure that creates a true "Payment Service Bus"
- NEXUS is the backbone to accompany the transformation of payment information systems
- NEXUS focuses on using standards to adapt to different technical environments
Via "NEXUS for interbanking", CIBF can offer a specialised solution for interbank exchanges. "NEXUS for interbanking" is a platform that connects different european clearing and settlement systems within the Euro zone that are compatible with all payment applications.
CIBF’s CI-ARC+ application, which can manage all stages of domestic operations (Euro zone), is integrated into the NEXUS infrastructure through a connection to the application bus or the direct implementation of its payment services to cover the functions of banking production. |
