Solutions
Multi-Rail Cross-Border Payments
Solutions
Stay ahead of the evolving international payments landscape
Regulatory and geopolitical changes necessitate flexibility and may lead to the need for alternative cross-border rails. However, for banks, investing in new rails can be risky as there is no guarantee of return on investment for development. In addition, there is a possibility of technical debt if a rail does not gain traction.
Compliance changes and the need to provide additional reporting and audit trails also complicate the addition of new rails. However, there is a risk of losing revenue opportunities if you fail to innovate by adding new rails, with agile competitors taking advantage of the opportunities presented.
To this end, multi-rail cloud-native payments software that connects new rails to your core infrastructure through a single point of integration can be the solution.
Quickly add new rails at low cost and risk
Stay competitive
Get to market quickly when a new rail is commissioned.
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Affordable rail implementation
Reduce the cost of implementing new rails.
Rail optionality
Maintain agility and keep up with regulations by easily adopting and decommissioning rails as needed.
Bringing our winning low-value payments strategy into high-value payments
We are replicating our modern, future-fit experience in clearing house payments to the development of our high-value payments solution.
Electrum runs ISO 20022-compliant multi-scheme domestic low-value payment integrations for a leading bank.
Rapidly onboard new payment rails while reducing overhead and maximising control
Electrum is implementing a multi-rail solution built to ISO 20022 standards and designed for a single integration. With this future-fit solution, new rails can be added quickly and at reduced development cost.
The rails would not affect your core banking infrastructure and can be easily decommissioned. Due to the insulation from your core systems and multi-rail design, rails can be updated rapidly without any effort from your business, enabling modernised flexibility.
Single API integration supporting multiple rails with seamless expansion
Next-Generation Technology
Agility that enables speed to market
Reduced complexity and open connectivity
Resilient and efficient scalability
Keep up with the latest trends
Built with the agility to support emerging and existing transaction types, specifically with high straight-through processing rates. Don’t let your existing system hold you back!
