Payments & Cash Management, Swift

Digital transformation, stronger regulations, cost pressure – if you want to be successful in dynamic and international markets, you need efficient, innovative concepts and solutions.

Whether in cash or liquidity management, payment transactions or electronic banking – reliable and successful business models require experience and a long-term commitment.

With a wealth of expertise, years of experience and solid methodologies, we support successful and sustainable business transformations and provide you with high-quality solutions.

Our expertise

Together with the R&L AG’s range of services, we cover the entire spectrum from planning to implementation and production support. We master both functional and technical challenges and serve our customers as a competent partner in the following areas:

• Cash & Liquidity Management
• SWIFT (including definition of the SWIFTNet strategy, selection of the appropriate SWIFTNet solutions and messaging services, selection, integration and operation of the appropriate interface software and connectivity, expansion of SWIFTNet infrastructures, as well as integration into EAI and BackOffice systems; Implementation of integrated bank information and accounting networks)
• Payments (including the definition of holistic payment strategies, third-party providers, strategy and implementation of bank-based payment services, support and conceptualization when dealing with regulatory requirements, and innovation-driven process transformation)
• Governance, Risk and Compliance

We also offer assistance in the implementation of compliance and security requirements, e.g. with the R&L AG’s safeX product family for efficient, effective finance and information management.

Cash Management

Efficient liquidity management and effective financial planning are more important than ever for any company’s success. This affects both financial institutions as well as their clients. It is, however, becoming increasingly difficult to implement these aspects efficiently and to provide suitable services. Globalization, regulatory requirements and new standards such as SEPA increasingly demand robust cash management.

Our expertise

Cash Management is highly dependent on other processes of financial management. Therefore, complex structures of processes should almost always be considered when any changes are made in the process sequences. Consequently, cash and liquidity planning are used not only to determine short-, medium- and long-term liquidity requirements, but also to plan long-term financing and lending strategies. By optimizing collateral, netting and cash pooling, liquidity can be managed more efficiently. Cost savings can be achieved by creating economies of scale effects through centralizing payments in a payment factory, or by avoiding cross-border payments.

We can assist you in defining and transforming processes. Many years of experiences in customer projects and our knowledge of the current IT systems ensure that we can support you in the best way imaginable.

Our services in the field of cash management

• Strategy definition for cash and treasury management
• Optimisation of Collateral Management
• Preparation of preliminary studies, feasibility studies and specialist concepts for the introduction and processing of cash management, liquidity management and risk management
• Implementation of legal frameworks
• Process analysis and optimisation (cash pooling, netting, virtual accounting)
  Selection and integration of IT systems

Payments

Digitization, real-time payments, security, and Target2-Securities are just a few new challenges that businesses and institutions face following the introduction of SEPA, which greatly affects today’s payment transactions. Particularly, the new Payment Services Directive (PSD2), real-time payments (Instant Payments) and Personal Finance Management are becoming increasingly prominent. The adjustment of existing business models and customers’ changing requirements combined with technological changes present a big challenge for financial service providers.

Our expertise

Payments

We support and work with our customers on topics of national and international payment transactions, mechanisms and regulations, risk management, clearing and settlement. We cover both the technical and implementation aspects by helping our customers to transform the core businesses.

The successful and sustainable integration of the current and future developments (such as Instant Payments, Blockchain, PSD2 etc.) into the customers’ payments strategies ensures compliance and profitability.

SWIFT

Banks and corporates trust us when it comes to SWIFT. We have extensive know-how and many years of expertise in all aspects of the SWIFT environment. Our experts will advise you not only in all strategic aspects of SWIFT, but also in all functional, technical and related areas of the SWIFT world. With the R&L’s product family safeX, we support you in the fields of security and compliance, as well as STP and reconciliation.

Our services in Payments

• Definition of holistic payment strategies with the involvement of third parties
• Strategy and implementation of a bank’s payment system
• Preparation of preliminary studies, feasibility studies, specialist concepts, cost/benefit calculations, and risk assessments
• Support and conceptualization related to regulatory requirements
• Monitoring and implementation of solutions
• Innovation-driven process transformation and optimization
• Support of IT infrastructures and migration
• System development with state-of-the-art technologies

Our services in the field SWIFT

• Definition of the SWIFTNet strategy
• Preparation of preliminary studies, feasibility studies and specialist concepts
• Selection of the appropriate SWIFTNet Solutions (SWIFTNet Corporates, SWIFTNet Funds, SWIFTNet Cash Reporting, SWIFTNet FIX) and Messaging Services (FIN, InterAct, FileAct, Browse)
• Selection, integration and operation of the appropriate software interfaces and connectivity
• Expansion of SWIFTNet infrastructures and integration into EAI and BackOffice systems
• Strategy and implementation to integrate banking information and settlement networks
• Migration of MERVA
• System development with state-of-the-art technologies
• Production introduction, user support and production assurance
• Integration and migration planning for SWIFTNet messaging services
• Upgrades for outdated SWIFT services
• Maintenance and support of FTM (Financial Transaction Manager) and WBI-FN

Your benefits:

We together with the R&L AG will support you to succeed in transforming your businesses.

• Strong business knowledge and understanding of the industry, latest trends, drivers and opportunities
• In depth know-how on technologies and application architectures, extensive design and development skills
• Proven expertise in project and test management processes through effective application of methodologies