Home          Products        RTGS PayManager

Zylog Systems is technology driven company comprising industry professionals and innovators. For over eight years, Zylog has developed and successfully implemented Banking and Financial Solutions. RTGS PayManager is an exhaustive liquidity management product that Zylog has successfully implemented, which offers the bank the ability to regulate funds effectively.

Zylog is able to deliver and complete mission critical projects on time and within budget based on our experience in handling large projects that involves many financial institutions and authorities.

Introduction
RTGS PayManager is a Intra-day Liquidity Manager (IDL) with Centralised Payment Hub (PH) that enables the bank to have a centralised release of RTGS payment instructions and to intervene when necessary before a stipulated cut-off time to transmit the instructions on a timely basis. It provides real-time position for all incoming and outgoing payment instructions.

Objectives
RTGS PayManager provides facility to help the bank to monitor any incoming and outgoing RTGS transactions and at the same time, it provides real-time bank position for all incoming and outgoing payment instructions. The incoming transactions will then be routed to the respective host systems for processing. Likewise, this would apply for all acknowledgement received from the Payment gateway.

RTGS PayManager also provides a centralized Payment HUB inter-connecting all the Banks Hosts with number of Payment and Settlement Systems, financial networks and correspondent Bank hosts, sending and receiving payment messages without any manual intervention.

RTGS PayManager provides a common interface to the various host applications within the bank, which allows centralised release of messages to Payment Gateway. The protocol used to interface with the various hosts is MQ Series, a messaging middleware where MQ guarantees of message delivery.

Essentially RTGS PayManager offers the Bank the capability to better regulate and optimise funds for RTGS transaction before releasing the transaction to Central Bank.

High Level Solution Architecture

RTGS PayManager is built on an open, J2EE technologies and MVC framework. The solution is also built using component-based model that facilitates the reusability of modules and its functions. Platform independence allows for flexibility in the choice of operating systems and scalability maximizes cost-effectiveness. RTGS PayManager provides bank with the flexibility to expand or modify the functionalities in the future.

Key Features of RTGS PayManager

Liquidity Management Module

• Displays actual liquidity available taking into account, balance in various settlement accounts in different currencies.
• Automatically matches payments with predictions, however it has the flexibility to manually match.
• Rule based mechanism to schedule/prioritise both outward and inward payments based on BIC, currency, amount, beneficiary and time.
• Reserved fund allocation for high priority messages or expected debit.
• Graphical and tabular display of active fund status, predicted vs. actual at any given point of time
• Forecasting Net Position of day-end, based on known payments and receipts at day-begin or any time during the day at Bank’s option.
• Facility to monitor the balances in various settlement accounts, with a facility to drill down to the various sub group of messages, individual message and message fields there under
• Broadcast or receive messages to/from any of the bank’s braches or host systems.
• Comprehensive reports System Interface Module
• Interface to various application systems
• Seamless integration with STP
• Custom Adapters for systems using file formats
• Provides routing mechanism of any incoming messages and acknowledgement SFMS Message Management Module
• Single Message and Batch Message Processing
• Manual Construct of Swift/SFMS Messages
• Cancellation of Swift/SFMS Messages
• Re-prioritisation of Messages System Administration Module
• RTGS System Release Management
• Reconciliation
• Contingency
• User Management

Reports

• Transaction Report
• Settlement Report
• Reconciliation Report
• Ad-hoc Reports