Payment Hub
The future of payments is completely digital, immediate, understandable, searchable, scalable, intelligent and currency agnostic.
Built for speed our Payment Hub is tested at 14,000 transactions per second. Also built for ease of use, it is seamless to integrate into most legacy systems.
Our core benefits
Real-Time Multi-Currency
Payment Hub provides unparalleled and highly configurable support for multi-currency transaction processing enabling:
- Single or multi-currency FX transaction conversion in real-time
- As of value date/transaction date support
- GL/Treasury management and position keeping
- Real-time Profit & Loss computation
- Multiple FX rate sources
- FX rate premium and discount spreads by currency
- Support point in time and time-series evaluation of transactions into defined currency list
Single or multi-currency FX transaction conversion in real-time
As of value date/transaction date support
GL/Treasury management and position keeping
Real-time Profit & Loss computation
Multiple FX rate sources
FX rate premium and discount spreads by currency
Support point in time and time-series evaluation of transactions into defined currency list
Interest Accrual
At the heart of any core banking system lies the ability to calculate interest. The Payment Hub like any established credible banking system provides the ability for sophisticated interest calculations.
Unlike many banking systems that were designed decades ago, Payment Hub represents the next generation of banking which supports traditional and modern interest and profit rate (shariah finance) calculation capabilities including:
- Rate hierarchies spanning product, customer, account and product plus account permutations
- Tiers / Ladders
- Fixed / flat rates
- Variable / floating rates
- Value Date and Transaction Date accounting
- Sophisticated tenor / term rate schedules comprising option for separate P+I holidays, schedules, rules and rates
- Configurable accounting rules
- Configurable accrual windows
- Support for average and actual balance calculations
- Scalable supporting tens of millions of customer accounts
- Real-time / continuous accrual
- Smart resilience
- Supports Blockchain, relational, NoSQL database architecture
- Base and Concurrent multi-currency calculations
Accrue and Apply or Immediate Apply mode processing flexibility
- Full transaction and calculation audit trail
- Certified sign-off
Rate hierarchies spanning product, customer, account and product plus account permutations
Tiers / Ladders
Fixed / flat rates
Variable / floating rates
Value Date and Transaction Date accounting
Sophisticated tenor / term rate schedules comprising option for separate P+I holidays, schedules, rules and rates
Configurable accounting rules
Configurable accrual windows
Support for average and actual balance calculations
Scalable supporting tens of millions of customer accounts
Real-time / continuous accrual
Smart resilience
Supports Blockchain, relational, NoSQL database architecture
Base and Concurrent multi-currency calculations
Accrue and Apply or Immediate Apply mode processing flexibility
Full transaction and calculation audit trail
Certified sign-off
Fees and Charges
Payment Hub supports a wide array of configurable products and services, which can be expressed in absolute or transaction linked % terms covering:
1
Fees & Charges for Services used by customers
2
Fees & Charges for Products at various stages in the product lifecycle from applying, through using and then closing
3
Fees & Charges can be expressed and levied in base or other configured currencies
Registration KYC AML Sanctions
At the heart of a digital solution for financial services sits a streamlined and configurable customer onboarding and registration capability. Payment Hub provides a highly efficient, fully digital and paperless means by which customers can register and as part of that registration process, comply with constantly evolving KYC, KYB, AML, PEP, Sanctions and other regulatory and financial-crime mitigation mechanisms.
The Payment Hub platform has been created to anticipate and respond quickly to ever changing regional and international policies and regulatory expectations. Banks, non-banks, startups and FinTech’s benefit from Payment Hub’s ability to support different national and customer segment requirements on one common platform.
PSD2/Open Banking
In a digital world where increasingly more and more services are becoming open via APIs, Payment Hub is a solution that embraces such initiatives and itself goes above and beyond what is required by regulations to enable open access to every feature, product and service that the technology offers.
Payment Hub can support a wide range of requirements spanning:
- PSD2 / 3 and beyond
- CMA 9
- Open Access
- Account Information Service Providers
- Payment Initiating Service Providers
E-Money Institution as a Service
Enginef is able to offer an e-money license across Europe and via partnerships elsewhere enabling companies and new digital banks / non-bank financial entities to receive, manage and disburse client money/funds.
The Payment Hub platform has been created to anticipate and respond quickly to ever changing regional and international policies and regulatory expectations.
Banks, non-banks, startups and FinTech’s benefit from Payment Hub’s ability to support different national and customer segment requirements on one common platform.
Security & Authentication
In a world of constant threats from Cyber security and financially motivated crime and account takeover threats, Enginef has invested in a number of measures to minimise / mitigate the inherent risks that the whole industry faces from cyber criminals and denial of service disruption.
Security measures have been implemented, in accordance with latest thinking and ISO standards to protect customer access, infrastructure and data coupled with ongoing testing and certification management.
Further details can be made available on request under security-specific enhanced NDA / contractual confidentiality provisions.