Tap Into New Revenue
Offer Payments-as-a-Service and guaranteed payments to corporates and merchants.
Veracious Payment Hub
Modular, API-first, in-memory, event-driven payment hub platform. A multi-country, multi-tenant, multi-instrument payment hub platform that consolidates domestic and cross-border instruments, catering from their point of acquisition, with inbuilt orchestration to final execution across the entire payment lifecycle.
Multi-country, multi-tenantMulti-instrument payment hub
Weeks per instrumentBusiness-first parameter configuration
Technoviti 2022Banking Frontiers
Overview
Veracious Payment Hub
Introducing GSS’ Veracious Payment Hub: the most comprehensive, simple-to-configure, low-code-enabled, all-in-one payments platform, designed to empower banks to consolidate both domestic and cross-border payment rails. It offers a choice from a list of preconfigured networks, with the ability to configure and enable compliance with additional central bank-driven or privately regulated payment rails.
With our business-first parameter configuration approach, we deliver modern, robust, reliable, feature-rich and secure payment solutions in a matter of weeks per instrument.
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Veracious Payment Hub
The banking sector continuously aims to
Banks today must continuously innovate, offering unique payment experiences in a guaranteed fashion across different interaction touchpoints, ensuring all customer segments and interaction hotspots are addressed.
Increase Existing Volumes
Offer more intuitive customer experiences through portals, apps and automation.
Address Regulatory Changes
Need to accurately address frequent changes with ease.
Personalized Experiences
Need more customized experiences to beat the competition in today’s world.
Increase Operational Efficiency
Operational overheads seep into operating margins.
Powering Digital Transformation in Banking & Payments
The Three Core Pillars of Our Payment Platform
Pillar 1
Transaction Acquisition
Banks strive to enhance customer experiences to drive transaction acquisition. Our Veracious Payments Hub provides a robust acquisition layer, enabling seamless integration with mobile banking, internet banking, direct ERP connections for corporates, and custom corporate portals. It also supports workflow automation and direct system integrations, embracing an API-first approach for maximum flexibility and efficiency.
- Omnichannel Integration
Connects with mobile banking, internet banking, and corporate ERP systems.
- Custom Corporate Portals
Tailored experiences to meet corporate banking needs.
- Workflow Automation
Streamlines approval and transaction processes.
- Integrate with Fintechs
Offer Payments-as-a-Service, empowering fintechs to go after a specific customer niche.
- API-First Approach
Ensures scalability, flexibility, and future-proof banking solutions.
Pillar 2
Transaction Orchestration
With growing volume and complexity, banks require intelligent routing, workflow automation, and advanced processing capabilities such as automatic transaction reversal, regeneration, message augmentation, and truncation to manage today’s payment flows efficiently. Our Veracious Transaction Orchestration Layer delivers these capabilities through an easily configurable, parameter-driven approach.
- Universal Routing Engine
Route transactions based on channel, customer, network and bank-specific parameters.
- Universal Exception Handling
Ability to handle automatic retry, manual exceptions and alternative routes.
- Automatic Transaction Handling
Manage reversals, regenerations, and retries efficiently.
- Charge and Fee Management
Offer detailed charge and fee management features across customer, network and instrument-specific parameters.
- GL & Settlement Account Management
Configure the account master setup and settlement account details for each payment process.
Pillar 3
Transaction Execution
The Veracious Payments Hub stands out with its advanced downstream payment execution systems, ensuring compliance with central bank and international payment network standards while offering seamless integration and automation.
- Regulatory Compliance
Adheres to central bank and global payment standards.
- Customizable Workflows
Define and automate operational processes.
- Standardized Group-Level Processing
Ensure consistency across banking operations.
- Message Configurator & Generator
Ensure adaptation to constant regulatory changes using the Message Configurator and Generator in payment flows.
- Automated Payment Initiation
Leverages the Acquisition and Orchestration layers for smooth execution.
Veracious Payment Hub
Universal Payment Hub Platform for all Payment Rails
A unified, low-code enabled, all-in-one payments platform that handles the payment lifecycle, real-time processing within the hub, and domain-rich, pre-built configurations.
Real-Time Dashboards
Track transactions, drill down on statuses, and gain operational insights.
Schema Validation Engine
All messages and schemas used across different payment networks are validated prior to sending, or on parsing inward flows.
Open Telemetry Enabled Tracking
The platform offers comprehensive OpenTelemetry-standard audit logs, audit trails and traces.
Comprehensive Archival Engine
An out-of-the-box archival engine is available with dedicated screens and functional flows.
Business Process Management
A comprehensive rule engine that allows you to define bank-defined, instrument-specific payment flows.
Dynamic Screen Generator
Add more screens and processes with ease.
Universal Notification Engine
Integrate SMS, email, Slack, Teams or custom notification updates to various channels and systems.
Investigation & Reconciliation
The platform offers the ability to track and reconcile transactions across the transaction journey.
Veracious Payment Hub
Platform Features
The composable architecture of the Veracious Payment Hub provides a competitive edge, allowing each modular application to be highly extensible through simple configuration. Each module follows an in-memory, event-driven microservices architecture coupled with business parameter configuration, enabling your organization to adapt and scale your payment solutions with ease.
API First
VPH by default offers APIs to expose functionality and can enable integration touch points to consume APIs at any point in the payment flow.
Cloud-Agnostic Deployment
Compatible with any cloud environment for maximum flexibility.
Kubernetes Orchestration
Ensures scalability, resilience, and efficient container management.
Composable & Modular Architecture
Loosely coupled applications enable seamless orchestration.
Most Advanced Real Time Architecture
In-memory, event-driven microservices architecture.
Organizational, Technical & Functional Mapping
Tailors solutions to specific business needs.
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