SOLUTIONS > PAYMENT VERIFICATION HUB

SOLUTIONS >PAYMENT VERIFICATION HUB

Payment
verification hub

Automatic and immediate reconciliation
for all Instant Payments

Payment
verification hub

Automatic and immediate reconciliation for all Instant Payments

Client testimonials

Citazione Alberto Scavino 1Speed of execution, accuracy, platform usability have been very satisfactory, an additional benefit for our banking Group.

Fabio Stefanutti
Head of Synthesis Systems, Gruppo Bancario Cooperativo Iccrea

Among the subjects considered:

Irion Data Quality, Irion Data Reconciliation, Reporting, Data Quality, Reconciliation

Il Gruppo Bancario Cooperativo sceglie Irion
NEEDS, CHALLENGES, AND SOLUTION
Needs

The needs
Transparency, efficiency, and quality with minimized risks in Instant Payment​ verification

Engineering and automation

  Process engineering of data (balances and movements) collection by Bank of Italy​

  Automated Instant Payment verification with significant daily volumes

Getting rid of Excel sheets and the like

  Creating a solid system for centralizing all verification processes (active and future ones)

Result monitoring and management

  Manual verification

Suspense notifications to the responsible units

  Daily reports of suspense accounts for audit and regulatory purposes

La soluzione

The solution
Automated and traceable reconciliation of Instant Payments

Capabilities

Some of the Irion EDM features used:

  Orchestration & Automation Workflow Engine

  End-to-End Business Workflow & Collaboration

  Traceability and Automated audit

  Metadata-Driven Engine, Execution & Datastore

  Transformation & Rule Engine

  Dashboarding & Reporting

  Mail notifications

  Multi-Scope

Results achieved

  Generalized and dynamic reconciliation hub for verification process management with Bank of Italy accounts

  Fully automated daily processes, immediate input data availability

  Generalized system which makes it possible to activate further verification processes with only configuration activity

  The interface for reconciliation result management seen as manual check makes it possible to send notifications to the units involved

  Traceability and audit of all manual operations

  Periodic reports

Challenges

The challenges
Speed, automation, flexibility, and collaboration

Speed

Processing speed guarantees daily data availability for the user within a cut-off time

Process automation

Automatic shared and customizable rules (input files, filters, key fields, data to display) to automate data acquisition and verification

Process completely free from arbitrary elements

Flexibility

Parametic table configuration helps to activate new data verification processes

Collaboration and traceability

Notifications sent to the offices involved in the process

Traceability and audit of all manual operations

Speed

Processing speed guarantees daily data availability for the user within a cut-off time

Process automation

Automatic shared and customizable rules (input files, filters, key fields, data to display) to automate data acquisition and verification

Process completely free from arbitrary elements

Flexibility

Parametic table configuration helps to activate new data verification processes

Collaboration and traceability

Notifications sent to the offices involved in the process

Traceability and audit of all manual operations