Payments Processing Monitoring
Real-time Visibility into Payment Operations with Complex Event Processing
In banking, each debit and credit payment must execute with complete accuracy and reliability. With the increasing speed of doing business, new regulations and constantly changing messaging standards, your payment processing system needs to offer greater visibility and flexibility than ever before.
With the Progress® Apama® Event Processing Platform, payments processing departments can utilize the power of complex event processing to gain real time visibility into payment operations. The Apama platform gives you the ability to define rules that seek out payment patterns of interest, as well as dashboards that can be easily adjusted as your payment processing rules evolve.
Based on your specific bank policies, you can detect payment exceptions, unwanted activity, errors or potentially fraudulent activity in the operation. You can also leverage complex event processing to prioritize how to handle different types of payments and be alert to anti-money laundering. And with the breadth of the Apama platform, you can employ visually intuitive dashboards that can monitor a payment from any angle, “in-flight" or not, with drill down capabilities. The Apama Event Processing Platform will help your bank achieve:
- Real-time corporate treasury payment visibility: Corporate treasurers get better real-time insight into their payments so they can spot exceptions, like an account going overdrawn or a significant payment being late. Banks, that host these services for their clients gain value-add in an increasingly commoditized market.
- Real-time electronic banking operational visibility: Banks can spot exceptions, prioritize important payments and more proactively deal with “severity 1” errors, important for large electronic banking systems where hundreds of thousands or even millions of payments are processed daily.
- Real-time cash management: Banks can minimize differences between the expected and actual positions at end of day, thus gaining immediate savings.
- Real-time fraud identification: High speed systems – particularly those crossing borders – increase the risk of fraud. Complex Event Processing allows you to spot potentially fraudulent activity and do anti-money laundering inspections in real-time, resulting in reduced losses, faster payments and increased customer satisfaction.
