Standard Chartered Bank : Cheque Truncation System

With the aim of developing and implementing a system to cater to the core
processing requirements of Standard Chartered Bank, Zylog Systems has devised a
system to change the cheque clearing process spanning across the vital clearing
operations like Outward, Inward, Outward Return, and Inward Return. The Cheque
Truncation System is expected to support image based and physical clearing
procedures.

There were two key challenges in this deployment. One was the implemention of
an Image Quality Analyzer (IQA) at the participating bank's system as per the
mandate by RBI. The other was lack of availability of hardware for integrating
HSM at the customer's end. Zylog has successfully implemented the system as two
distinct processes: NCR CTS, which caters to Delhi/NCR and incorporates vital
banking functions like Outward Capture and Data Entry. A Non Truncated CTS was
deployed in other cities, w hich features a scaled down version of the NCR CTS.


Due to this system, the bank's business has moved up 10 fold, since electronic
images are being used for payment processing. Plus, the images will be preserved
for eight years. In the future, the company plans to add more modules to this
system.