Payment Processing

Innovate your Payments Infrastructure for the Digital Economy

Enable payments data and processing by using an agile, secure and scalable business integration platform, which can combine integration services to enable real­time payments, creates visibility, and provides a future ready agile infrastructure for digital transformation.
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Financial Services Industry

Core Banking Renewal

One product, vast capabilities. Connect your business strategy to your digital business with BIS for Financial Services.
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E-Invoicing Live Webcast

Time Is Money: Faster Payments and the Open Banking Revolution

New real-time payment schemes are rolling out around the globe. In an increasingly digital world, customers and regulators expect better, faster services to move the money efficiently and securely in real-time. Current payment infrastructures struggle to meet these needs.
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SEEBURGER – The Engine to Drive Your Digital Transformation

Implement Your IT Roadmap

Mitigate risk with a solid migration plan for customers and partners. Transform your bank with technology that supports your underlying business models with a strong risk strategy.
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SEEBURGER BIS API Solution

Planning a Real-Time Transaction Solution Utilizing APIs

Considerations for creating real-time transaction solutions.
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SEEBURGER – The Engine to Drive Your Digital Transformation

On-Boarding of Customers and Business Partners

Digital financial value chains need connections, format management and integration, and it starts with on-boarding.
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Compliance

Compliance and Regulation Concerns?

Major compliance and regulations we hope you didn’t miss!
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SEEBURGER Financial Services Solutions

SEEBURGER Business Integration Suite (BIS) is an agile single platform that can accommodate any format, standard, gateway, communication protocol and business partner with ease, your institution can focus on business growth and innovation in service delivery.

Provides Operational Efficiency

Helps modernizes and consolidates for productivity gains, enables and improves risk management

Improves Customer Experience

Pro-active alerts and notifications, through extended, technical and business activity monitoring, easy-to-use Interface

Enables Cost Reduction

Self-services providing value-adding technical and business services, simplified and efficient customer support services

We make it radically simple to connect your critical business systems.

Integrate, validate, translate, secure, share and monetize your data.
 

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Innovation Through Integration

Integration solutions are increasingly the go-to solution for solving business challenges. Technological innovations such as Blockchain or the utilization of APIs can improve business processes through software adoption.

Yet, legacy backend systems are hindering innovation adoption. Built-for-one-purpose, highly-specific, single requirement solutions and in-house customizations lack the flexibility to solve multiple use cases and cannot be adjusted to solve new challenges.

 

Drivers of the Integration Approach

Common drivers pushing IT projects in financial services include new compliance requirements, increased customers and the need to scale, onerous and time consuming onboarding, slow implementation of new projects, the need to deliver new services and products to remain competitive, and of course the challenges and opportunities faced in monetizing and securing data.

SEEBURGER provides the software and experience to address integration needs through Managed File Transfer (MFT)/Business-Business (B2B)/Enterprise Application Integration (EAI)/API ready-to-run payments integration packages for PSD2 including XS2A, SEPA, payment standardization based on ISO20022 as bridge between domestic and internal formats and more.

 

Improved Customer Experience

Deliver value-adding services to business users and customers with a fully interconnected backend, enabling comprehensive business activity monitoring, tailored alerting and notifications about specifically selected data. User-friendly front and backends empower business and technical users to deliver data to customer-facing products, providing improved customer services. Services such as track and trace, which provides transparent data flows of information such as payment and onboarding statuses, empower customers and lines of business alike.

Payment Integrations Hub for Real-Time Payments

Add ISO 20022 and other compliance capabilities, gain access to new markets, all the while creating new products and services with improved SSLs and reduced customer service time. The SEEBURGER Payments Integration Hub is a flexible solution that utilizes one product through a module approach to meet your banking needs.

From onboarding to adding transformation capabilities and integrating AML and improving reconciliation, the SEEBURER Payments Integration Hub enables real-time payments, creates visibility, and provides a future ready agile core banking technology.

 

The SEEBURGER Payments Integration Hub

Business and Technical Monitoring, Exception Management, Encryption/Decryption, Bulking/Debulking, Duplication Check, Charset Conversion, Antivirus/DLP Integration and more

The SEEBURGER Payments Integration Hub

 

One vendor for all core capabilities

BIS is capable of handling all of these requirements and more, without introducing inflexibly through customized scripting. The real question then becomes, what do you forfeit without a real integration platform?

 

"A payments hub is only as successful as it’s integration into your core banking ecosystem"

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Core capabilities of the SEEBURGER Payments Integration Hub

Automate and Speed Up: Ease migration and sped up onboarding of new and existing customers, self-services such as automated entitlements, enable new protocols or formats, empower lines of business with options like DocuSign contract signatures via API integration

Reduce Risk by increasing automated services: Automate validations, enjoy library of formats with upgrades populated across ecosystem, support for all countries , ISO20022 and many other payment standards including EDIFACT, SWIFT, ANSI X.12, ACH, NACHA, BAI, and BACS

Power up transformation: Any-to-any translation, mapping know-how included in product and consistently updated, mapping designer also available. All consumption channels are available (such as SFTP, API, Web Services, etc.) without having to recreate any mappings/validations.

Check Compliance: Dramatically reduce the amount of validations and mappings needed by completing the compliance check on the ISO 20022 canonical format. Perform various tasks such as duplication check, funds, limits and enable authorization and release.

Real-time overview and interaction: Take control over the processing of payments and the accompanying data for real-time insight.

Integrate and Share: Route information to AML and OFAC, or use API, webservices etc. to send information to where it needs to go at any point of payment transaction. All communication protocols of the business integration suite available (AS2, SFTP, SWIFT, API, etc.).

Create transparency through consolidated information flows: Utilize and monetize your data by generating reports for internal or external use, enable backend integration into in-house format and send it back out again for external use.

Enable reconciliation, create and distribute payment statements: Enrich messages, enable notifications and prepare message delivery, including functions such as bulk, debulk, and message delivery preparation.

The Real Rush for Real-Time Payments

Real facts on real-time

 

Solution TopicsMore Information
The demand to conduct business in instant or real-time continues to increase significantly, particularly in the context of financial transactions. For consumers and businesses, it is increasingly unacceptable to wait until the next day or longer to know that a transaction was successful. There are however, a number of considerations including how APIs are utilized.Considerations for creating real-time transaction solutions

Customer and Partner Onboarding

Throughout your digital business journey, integration with your customers and business partners plays a crucial role. Having the ability to accelerate the flow of information to and from customers or business partners can make or break the bank for your business model. Your partners and customers expect top notch, secure and collaborative channels to send and receive secure information.

The Community Management Application allows flexible modules for on-boarding and self-service

Payment Validation, Transformation and Compliance Check

The way money moves is undergoing radical change globally. In an increasingly digital world, customers and regulators expect better, faster services to move monies efficiently and securely in real-time, and current payment infrastructures struggle to meet these needs.
Take advantage of information that arrives with payments, giving business users real-time access to incoming and outgoing payments to better manage your cash on a global basis.

Innovate your Payments Infrastructure for the Digital Economy

Secure Information Movement

Implementing a payments hub successfully also requires aspects of core banking renewal to take advantage of open banking opportunities. Learn more about our MFT secure file transfer module.

Getting information where it needs to be securely.
BIS for Security and File Transfer
Support SEPA, OFAC and other compliance capabilities, and be prepared for regulatory changes.

Offer Customers More Services & Channels

Looking to provide a continuous user experience across various channels, or looking to provide mobile services, innovate your bank and attract new customers with tangible service value.

SEEBURGER solution for API Integration and API Management will help enable your customers with innovative flexible services.

Legacy Transformation

There is an opportunity cost to patch it up projects. Large infrastructure projects can be overwhelming to organize internally because of the number of teams involved and their different requirements.

SEEBURGER advocates an integration approach to modernization and consolidation. A focus on integration allows our customers to take full advantage of information flows while reducing system complexity. Over simplified approaches, which rely solely on a specific product or function upgrade using microservices and API solutions for integration, are only increasing financial costs in the future, and hinder opportunities for innovation, growth and scalability.

Instantaneously reflect changes across ecosystem: Reduced touch points for changes achieve simplification. When advantageous, a change made via one entry point can be automatically populated into others, such as mappings and protocols, or partner onboarding information. Central libraries for reusable content reduce the time it takes to input new changes, data input errors and the length of the onboarding process. From weeks to days and hours, the amount of time saved from the reduction of double-effort input generates tangible bottom-line savings, decreases the time-to-market for new customer projects and gets customers into the banking ecosystem faster.

Common legacy transformation projects include:

  • Consolidating technology partners for simplified upgrades and service delivery
  • Updating legacy gateways to handle increased volume, larger file sizes, new protocols
  • Replacing mainframes and other backend systems to increase flexibility
  • Payments Hub Replacement and Integration
  • Implementing standardized file validation, transformation and secure transfer systems
  • Opting for a single product solution for true integration

 

Solution TopicsMore Information

Consolidation & Migration
Today’s enterprises and organizations face a widening divergence between the IT infrastructure demanded by emerging business needs and the infrastructure they’ve built up over generations. The smart enterprise meets these challenges by replacing MFT/B2B legacy systems with digitally enabled, modernized, secure, trustworthy and scalable business integration applications.

A single business integration platform tailored for financial services. Achieve modernization using simplified Migration Best Practices.
Transfer Large, Confidential Files Quickly and Safely
Gain competitive edge through the secure and traceable exchange of business-critical data.
Managed File Transfer (MFT)
5 Ways Secure Managed File Transfer can Improve your Business.

Compliance, RegTech & FinTech

Often a driver of new IT projects, compliance regulations require flexible solutions for ever-changing requirements. An integration approach to compliance focuses on integrating RegTech and FinTech solutions to realize the benefits of these technologies by upgrading legacy systems, replacing inflexible in-house solutions, and modernizing and consolidating exisiting technologies.

Get Compliant, Minimize Risk, Increase Security: Increase the accuracy of compliance measures through automation and free up compliance officers for value adding tasks to reduce risk. From effective role management for monitoring and end-to-end visibility to speeding up onboarding and implementing ISO2022 and PSD2, ensure your solution is well integrated into your KYC and AML initiatives. New protocols, new file formats, transformation requirements and backend integration, secure file management – all of these needs can be accomplished with one product, simplifying compliance changes through one entry point that populates your entire ecosystem.

 

From PDS2 to ISO 20022 to role management and security compliance, we’ve got you covered.

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Solution TopicMore Information

Security, Visibility, Reporting, Auditing, Provisioning
Information has never been at higher risk for exposure or malicious interception. The risk for financial institutions has escalated dramatically, resulting in higher scrutiny and increasing regulatory mandates.

BIS for Security and File Transfer
Support SEPA, OFAC and other compliance capabilities, and be prepared for regulatory changes.

The PSD2 Revolution and the Open Banking Era in Financial Services

SEEBURGERs agile, secure and scalable Business Integration Platform (BIS), can combine integration services such as managed file transfer (MFT), traditional application integration, and API integration together with end-to-end monitoring and business visibility.
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General Data Protection Regulation (GDPR) and Managed File Transfer
What is GDPR and how can SEEBURGER help?

The General Data Protection Regulation (GDPR), agreed upon by the European Parliament and Council in April 2016, will replace the Data Protection Directive 95/46/ec in Spring 2018 as the primary law regulating how companies protect EU citizens' personal data.
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Security for Compliance; ISO20022, PSD2, GDPR, and Regulatory Compliance
Fines from industry regulators show the reputational and financial risks of an unsecured system. Guard your data and prove its safety with audit trails and reporting. Don’t let regulatory compliance be a tsunami. Keep calm and compliance on.

In 2007 the Payment Service Providers Directive (PSD), which sought to create a single payment market in the European Union to promote innovation, competition and efficiency in the EU. In 2013, the European Commission proposed an amendment (that’s where the 2 comes from in PSD2), which aimed to enhance these objectives. It seeks to level the playing field among countries and among payment service providers, putting consumers in a better position, as they will benefit from increased competition. It also hopes to normalize new payment methods like online and mobile payments.
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Core Banking Renewal

It is tempting to solve challenges in IT ecosystems by adding a new vendor to solve particular scenarios and use cases. But, over time, it becomes increasingly evident that a solution which encompasses all current use cases and inherently enables future changes through simple integration technology is needed to improve the overall capabilities of the banking infrastructure – in short, to shop patching up holes in a sinking boat and to invest in a new one.

Core banking renewal is a large undertaking, and a successful project does not minimize the complexity of teams and requirements involved. Instead, a consultation approach successfully incorporates the needs of customers, business users and the technical team, clarifying the complexity. Often use cases in certain departments overlap with needs in others, and the technology behind the seemingly specific requirements of one customer or department are easily met with a flexibility technology, which keeps all avenues open for utilizing data.

The simplification obtained through the removal of multiple solutions reduces the complexity in making changes to your products and services, internally and externally.

 

Solution TopicMore Information

Connect Internal Systems (API and EAI)
Get your systems talking to each other, have files automatically ready for processes between programs, databases and more.

Connecting information in a backend system between databases or programs, also known as Enterprise Application Integration (EAI), enables financial institutions to integrate applications, designed to work independently, to work with one another to accomplish business objectives.

Improve Data Security
Prevent data leakage/loss by preventing unauthorized data transfers at the source (employees) and integrating with Data Loss Prevention (DLP) solutions.

BIS for Data Exchange
Financial services providers must also be able to apply comprehensive monitoring and tracking and compliance alerts to reduce the opportunity for fraudulent activity.

Business Intelligence for an Improved Customer Offering
With all the B2B/file transfer gateway functions needed for payment platform consolidation, receivables management, integrated payables and secure transmission of large files and images, business processes are automated, improved, and streamlined.

Gain new insights using SEEBURGER Business Integration Suite.

Open Banking, APIs and Data Monetization

Open Banking require easy access to the banking ecosystem to share data through webservices and APIs to partners and customers.

From self-service onboarding, to global payment services, monitoring and SEPA testing – open banking must empower you to utilize your business intelligence to provide access to customers, products and sources of revenue.

Financial Services Industry – API for Open Banking

An integration approach to API management: Integration is key to a simplified onboarding process and direct integration into ecosystem. Deliver specific benefits to particular communities at a faster rate. Offer seamless experiences to customers via APIs to your customer front end. Create applications faster and easier with a software development kit (SDK) that has documentation to enable the consumption of data.

APIs for Open Banking: Our API integration enables financial services providers to access information and enable it to flow in and out of their core banking system. We support functionality for:

 

  • Implementing APIs as a technical strategy to solve business requirements such as improve overall time to market for new projects, drive down integration costs and increase agility
  • Onboarding customers and automating entitlement by allow customers to connect and perform self-testing against the imported FSI content E.g. New file format or protocol
  • Automation of payment validations
  • Integrating Blockchain for balance checks
  • Connecting  Cloud applications
  • Exposing data points for Fintech partners
  • Connecting to analytics tools, AML applications, mobile phones, notification systems
  • Integrating IoT functionality
  • Funnelling deep insight data for Artificial Intelligence
  • Incorporating web services and increasing speed of data transfer to improve micro services
  • Importing SEEBURGER ready-made FSI content: payment file formats, protocols, transformation and validation testing data
  • Importing publically available data such as FX reports

 

Solution TopicsMore Information

Business Transformation in Your Customer Network
Enable data and information by using an agile, secure and scalable business integration platform, which can combine integration services such as managed file transfer, traditional application integration, and API integration together with end-to-end monitoring and business visibility.

The SEEBURGER solutions for API integration and management, together with Business Integration Suite services for business integration, internal or external, enables the bank or the financial service provider with a solution for Open Banking.

One Partner, One Product, One Project

 

Solution TopicsMore Information

Accelerate Financial Flows
With all the B2B/file transfer gateway functions needed for payment platform consolidation, receivables management, integrated payables and secure transmission of large files and images, business processes are automated, improved, and streamlined.

Simplify your IT environment using SEEBURGER BIS for FSI.

Gain Flexibility and Agility with a Private or Public Cloud
Let the cloud be your trusted source for data storage, while allowing a cost effective way to integrate with other businesses and parties.

Move your Bank to the Cloud
Full Service Business Integration in the Cloud.

SEEBURGER Business Integration Suite Customers Report These Benefits

Operational Efficiency

Enjoy productivity and financial gains with a modern and consolidated core platform. Managing the challenges associated with securing, transforming, and transferring information are simplified. With BIS, banks are able to provide superior customer-facing SLAs.

Improved Customer Experience

Deliver value-adding services to business users and customers with a fully interconnected backend, enabling comprehensive business activity monitoring, tailored alerting and notifications about specifically selected data. A user-friendly frontend and backend empowers business and technical users to deliver data to customer-facing products, providing improved customer services. Services such as track and trace with transparent data flows of for example payment and onboarding statuses empower customers and lines of business alike.

Cost Reduction & Profit Gains

Attract new customers with new services and product offerings. With an integrated core banking approach, IT is easily able to execute projects and focus on core business demands. Reducing the complexity of backend core banking systems creates a faster time-to-market deliverable allowing business cases to be built around how to monetize data for customer facing interfaces. 

Learn More in Our Blog Articles


Creating an Agile Payment Ecosystem in 2019

Respond to the technological shift by preparing your payments ecosystem with innovative solutions that leverage value-adding and profit-generating services to reduce TTM, enable flexibility and abate non-compliance risks. As a main generator of banking income, upgrading payment hubs are at the top of the list for many financial services organizations as a key digital relationship strategy with customers.

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Modernize or Else?

Legacy modernization is a constant attempt for companies to improve their services and to provide the quickest access to information. Similar to 2018, CIO, CSO’s, CTO’s and others will have infrastructure modernization at the top of their agenda for the 2019 year.

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API’s a Driving Force in Social Media Companies Payment Service Offerings

There are many types of transactions in the world of payments, including those made between individuals and companies and conversely, between companies, between governments, and between private individuals.

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Adopting New Technology Is Only as Successful as It’s Integration into Your Core Banking Ecosystem