Zylog Systems was called in by Bank of India when it realized a need to
interconnect its host applications such as Core Banking system, and treasury
mgmt system with Payment and Settlement depts, that is capable of sending and
receiving payment messages across the bank's host systems and settlement system.
In addition to interconnecting various systems, there was also a need for a
liquidity mgmt module to monitor liquidity in various settlement accounts of the
bank on a real time basis. Incidentally, the bank prior to the deployment was
running on a Finacle powered system along with a third-party e-treasury
management software.
Zylog's deployment is a comprehensive payment solution PayManager, which
includes an Intra-day Liquidity Manager (IDL) with centralized Payment Hub (PH)
that enables the bank to have a centralized release of 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. The centralized payment hub interconnects all
the branch hosts with a number of payment and settlement systems.
Project Head Sriram |
Project Specs |
Deployment Location: Mumbai Team Size: 15 Tech Used: Hardware: Software: Expected life: Not mentioned Implementation |