It is abundantly clear that there are changes currently underway that are shaping the future of the whole banking industry. At the forefront are the profitability pressures on banks, and the increasing emphasis on their cost/income ratio.
Nowhere is this more apparent than in the payments business of the banks. In today’s global market, customers expect fast, accurate and continuous movement of funds - between accounts and across the world. At the same time, banks seek to expand their payments franchises without increasing costs - financial institutions must rationalize their back-office operations to gain peak efficiency.
ACI Money Transfer System is designed from implementation for efficiency and maximum Straight-Through-Processing (STP), and its integration capabilities with external enterprise systems (e.g. record of balance, FOREX server, etc.) can support in-flight/real time links, thus maximizing STP rates and providing some of the highest STP rates in the industry.
ACI Money Transfer System uses a series of tools, such as automated account information retrieval, real time funds availability checking and processing rules, each of which have made incremental improvements in the overall STP rates achievable.
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