11th October, 2016 (Frankfurt, Germany): Dion Global Solutions (Dion | BSE: 526927) announced the launch of its Real Time Payment Engine (RTPE) solution – a smarter way for instant payments.
The revised European Payment Services Directive (PSD2) requires banks to open customer accounts for third party providers. Customers are demanding instant payment options. Banks are now facing a new wave of challenge where they are required to credit a payment within seconds.
Dion’s new solution, RTPE, will allow banks to comply with the regulatory directive and also meet increasing demands of their customers. RTPE is a modular payment hub that will support processing of real time payments and will help banks to become compliant with new European regulation, PSD2, which becomes effective in 2018. A multi-channel solution, RTPE will allow banks to connect to their customers easily via corporate banking, internet banking, mobile banking, or branch banking; allowing banks to provide better and more efficient services to their customers. The solution supports ISO20022 based “Common Global ImplementationMarket Praxis” (CGI-MP) standard for customer connectivity.
Developed on Dion’s SEPA Gateway solution platform, RTPE’s architecture provides a 24x7 availability that supports existing SEPA workflows along with foreign currency and domestic payments as well.
Andreas Wagner, Chief Technology Officer, Dion Global Solutions says, “The PSD2 directive requires banks to rework the payment processing cycle and implement a far more efficient and quicker method. Using Dion´s messaging technology X-Gen, our RTPE application is a real time payment hub that will support banks to comply with the upcoming payment initiatives. We provide a cost efficient solution as it embeds into the existing application and process landscape. Due to its modularity customers can select only what they really need to improve process efficiency.”
Dion is hosting a Payments seminar on 12th October in Frankfurt, Germany, to discuss the directive and possible solutions. Visit payments-in-action to read more about the seminar.
Dion Global Solutions
Dion Global Solutions is a trusted global financial technology company with expertise in building solutions for wealth management & asset administration; retail & institutional trading and settlements; FATCA, CRS & other tax compliances; real time payments; bank connectivity & case management; data lifecycle management platform; and GRC audit. With presence in over 17 cities across 12 countries for over two decades, company has built in-depth global fintech expertise to serve the specific and localised needs of financial services firms across the globe. Dion has over 500 clients in more than 85 countries supported by a worldwide staff of nearly 500, including more than 250 in product development. For more information, visit dionglobal.com
Dion Global Solutions
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