.png)
Governments across the EU have set goals to make all low-value
payments digital by 2023. However...
By the end of 2023 ISO 20022 will account for:
ISO 20022 New Payments Architecture is a necessary improvement to existing payment architectures, however it requires the implementation of a suite of new requirements that older architecture can't often support.
This means payment systems and previous infrastructure may need to be re-oriented towards ISO compliant models, and without guidance this can be a serious and costly challenge.
Ultim8's guidance can help you retain your previous framework, whilst adapting to new ISO standards, allowing your organisation to work as it always has, while evolving to meet new regulations.
We enable banks to focus on competitive differentiation by reducing the costs of non-revenue generating compliance. Utilising the best of new cloud technologies and delivery methods to implement efficient change.
Able to implement global payment standards for real-time and batch schemes, internal transfers & FX
Complete transaction record, traceable and recoverable, RTO & RPO < 1sec, shadows existing core systems, multi-currency
Active-Active resilience across public cloud(s)or on-prem, RTO/RPO < 1minute,secure by design
Customer (Party) information for all Products connected to payments flows
Interface specification and test synthetic data service virtualisation services for connected systems. World-class encryption and security to control access. Malware and Ransomware protection technology
Public and internal APIs (APIM) aligned with standards, with customer Identity & Access Management (IAM) integration and Consent management
Mapping existing interfaces, using synthetic service virtualisation to test integration points. Integration with your deployment pipelines and DevSecOps practices. Providing experience in operating schemes in parallel operations
Payments change impacts clients, business, technology and technology functions. We provide SaFE Agile methods for adopting bringing stakeholders along the journey, changing incrementally and creating value
Migration event planning, managing the change impact and reconciliation, with Fin and Op Reconciliation. For the first event and all following scheme changes
Material workloads in multiple cloud environments need additional monitoring intelligence. Overlay Services will continue to be required by the Regulators and to compete with SaaS integrations