Veracious Real Time Gross Settlement

Execute high-value payments with a business-friendly configuration approach.

Since 2018Serving banks

6 countriesCentral bank spec compliance

Real-time & high-valueProduct family

Overview

Parameter-Driven Real Time Payment Engine

Veracious Real-Time Gross Settlement is a high-speed payment processing solution that enables instant, individual fund transfers between banks, without batching. Each transaction is settled in real time and on a gross basis, meaning it’s processed one at a time, not grouped with others. Once processed, the payment is final and irrevocable, making it ideal for high-value, time-sensitive transactions.

RTGS is commonly used by financial institutions for interbank transfers, corporate payments, and urgent settlements, ensuring immediate liquidity and settlement certainty.

Real-Time Fund Transfer

Processes payment instructions instantly upon receipt, with no waiting for batch cycles.

Gross Settlement

Each transaction is settled individually (not netted), ensuring complete traceability.

Finality & Irreversibility

Once a transaction is settled, it cannot be reversed, enhancing security and trust.

High-Value Payment Handling

Optimized for large-value payments that require immediate processing (e.g., treasury settlements, government disbursements).

Geographical Compliance

GSS has Central Bank specification compliance in the following countries

GSS Payment Hub and RTGS modules can be configured for any country regulatory specification. Veracious RTGS has been serving banks since 2018.

India

UAE

Kenya

Uganda

Tanzania

Rwanda

Real Time Gross Settlement

Features

Instant & Final Settlement

Process payments in real time with immediate settlement, ensuring transactions are final, irrevocable, and legally binding upon execution.

Independent Transaction Handling

Each payment is processed individually, not in batches, allowing for precise control, instant feedback, and real-time visibility into high-value transactions.

Enterprise-Grade Security & Compliance

Built with strong encryption, authentication, and full regulatory adherence, the platform ensures every transfer meets compliance and audit standards.

Optimized for High-Value Transfers

Designed to support corporate, government, and interbank transactions, making it ideal for mission-critical, large-volume financial operations.

Veracious RTGS

Veracious RTGS inherits core Payment Hub functionality

Veracious RTGS can be configured to meet country-specific payment flows and also address non-payment-related message interactions.

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.

Reconciliation

Internal reconciliation between different internal systems at the bank.

Veracious platform

Real Time Domestic Payment Platform Features

Message Engine

A Universal Payment Hub feature that allows you to design and interface with every type of payment network, coupled with schema and message validation capabilities.

Forex Currency Conversion

Real-time ability to request, lock and hold forex currency by integrating with core, treasury and custom network APIs. RTGS is primarily a domestic scheme; however, in some countries multiple currencies, such as USD and the local currency, are accepted.

GL Account Management

A universal master setup to manage debit, credit, pool, settlement, charge and tax accounts.

Intelligent Routing

Rule-based routing considering customer, network and bank-specific conditions.

Exception Processing

A universal payment hub feature that allows configuration of exception flows, automatic retry counts and manual processing.

STP Integration with Bank Ecosystem

All integrations, from channels to the core payment engine, internal bank landscape systems and payment networks, are integrated via straight-through processing and straight-through exception handling, eliminating manual processes wherever possible.

Integration Management

Extensive setup for all integration endpoints.

Rule Engine

A universal rule engine is applied to configure any business rules or workflow processes with ease.

Communication Setup

Integration with email and SMS gateways through APIs, and custom integrations with Kafka streams for internal system updates, are all possible; there is no restriction. Each notification can be configured based on any event.

Scheduler Process Management

The scheduler enables us to run scheduled jobs by marking the frequency, event and action to be performed.

User Role Management

Comprehensive role-based privileges with the ability to integrate with third-party systems. LDAP and OpenID integration are supported.

Business Parameter Real Time Sync Configuration

All business process-specific parameters can be configured by business users with a maker/checker approval flow, and enabled with real-time sync to avoid downtime.

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