Flux PayDirect NACH IndusInd Bank Case Study

Flux PayDirect

www.evolvussolutions.com

End to end platform for India NACH

Agenda

• About Evolvus• Credentials in payments• Overview of Flux Payment platform• NACH Requirement & process flow• Mandate Management• Flux PayDirect Features• IndusInd Bank Case Study with H2H

Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute2


3 Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute.

About Evolvuswww.evolvussolutions.com

Risk Management, Payment and Business Process Automation

COMBAT: Risk management framework for Fraud Detection, AML and KYC Screening, Payment Filtering, IP Scanning, Case Management and Regulatory Reporting.

Flux: Image and Non-Image based Payment hub compatible to SWIFT, RTGS, ACH systems, SEPA, Liquidity Management.

Mantle: Core Banking front-end suite

Solutions: Data Migration and transformation, Testing, Verification & Validation, Consulting

Solutions company focused on Risk, Payments and Process automation in Banking.

Healthy financials and profitable since inception.

Focus in Africa, Asia Pacific, Middle East & Europe

World HQ in Bangalore, India

75+ banking technology professionals

The Right PartnerOffering & Expertise Key Customers

Credentials



Hong Kong RTGS Migration (HKICL)Migration to new Technology Platform, Message format

Mantle Direct Debit Implemented 2009 with Mandate management, for National Electronic clearing system

Financial Inclusion Platform NFC based payment processing platform with RFID smart cards & integrated biometric authentication system

Combat Risk Management Platform EmiratesNBD and AL MASRAF benefit from Evolvus, Combat Risk Management Platform

Flux PayDirect for UAE Direct DebitsImplemented 2012, for UAEDDS – UAE Direct Debit

Flux PayDirect for India NACHImplemented 2013, for India ACH

Legacy Core Banking Migration Migration from EQ3 / FNS to Finacle 10.x- ENBD UAE, IndusInd Bank

Mantle ASBA IPO processing platform interfaced with stock exchanges in India, Implemented 9+ banks

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Flux PayDirectEnterprise platform for Integrated payment processing

Platform Overviewwww.evolvussolutions.com

Features - Enterprise Payment Processing Platform



Single platform enterprise to process Non Image / Image based payments.

Future Ready , support ISO20022 as native format

Multiple Gateway Enablement through plug in adapters RTGS, NEFT, ACH, IMPS , SEPA, SWIFT

Multiple Banking System interface CBS, Trade Finance, Treasury, Channels

Elastic scalability, SOA architecture and Straight Through Processing

Liquidity/Cash flow Monitoring / tracking real time

Cross channel view , ability to track messages status in real time

Automated exception handling / repair, Real time routing of exceptions.

Channel agnostic , centralization of payment processing on reusable workflow

Multiplatform compatible – Reduce TCO

Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute

Integrated Flux Reference Architecture

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ACH

NACH

ISO20022

Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute

Core Banking Interface options Availability

Web Service RPG Program Direct API calls MQ Socket based File based ISO /swift message based

Finacle 10x – IndusInd bank, ENBD

Flex Cube – Syndicate Bank, Karur vysya

Mysis EQ3 – Indusind Bank, ENBD UAE

Infrasoft – Nutan Nagarik sahakari bank, TJSB

Legacy systems – BOA ISO8583 based – AMCO bank T24 – MQ based, NBF UAE

Interface Options CBS Interfaced

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Advantage – Offline v/s Real Time

Automated STP process between NPCI and Bank

Work with single Class II certificate

Automatic encryption / decryption of files

File will be validated and directly posted to core banking system

Automatic management of return / confirmation process & related cutoff times.

High level of visibility of end to end file exchange process through Evolvus application.

High operational efficiency , security & greater control.

Manual Processes for: - Downloading & uploading of NPCI files - External tool to encrypt /Decrypt files

Multiple machines & machine specific encryption tooling

People dependent process , security risk

Requires Class II certificates per user High risk of downloading same file by multiple user at

multiple time.

Continuous checking /monitoring required for incoming files on website.

Manual management of mandate at Bank’s side

Ops has to manually ensure that response is provided to NPCI within predefined cutoff

Offline ACH H2H – Real time

Deployment for NACH

NACH

Mandate Capturing stations across the

branches

CBS – Finacle10

Iworks /DMS

Connect 24

Zafin Centralized Charging system

SVS

NACH Offline web Terminal

NPCINET

Exchange server

SMSCDigital Signature system

Flux PayDirect

Secure & Encrypted

DB Servers

Application/WebServer

H2H- SFTP

India NACH Requirement & Processing

Flux PayDirectwww.evolvussolutions.com

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Originator master data with Utility code

Originator account details

Originator specific Charges

Originator processing end to end

Originator specific Reporting

Outward Mandate capturing & processing

Inward mandate verification & processing

Mandate image management

Support NPCI Mandate form capturing (.jpg/.tiff)

Support ISO20022 messages for mandate processing

Mandate ProcessingOriginator ACH Payment Processing

Outward payment file processing

Inward payment file processing

Outward/ Inward Return processing

Support NPCI file formats for NACH DR/CR, ABPS, EBT

NACH Requirement

Mandate Management


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Our capabilities

Existing CTS can be used for mandate scanning

Flux PayDirect will be integrated with the existing signature system of the bank for mandate processing

Existing mandates from CBS can be migrated to the Flux mandate management and the vice versa is as well doable

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Mandate Processing Workflow - Individual

Uploads Mandate - Creation,

Update, Cancellation File

Flux PayDirect - Mandate

Management

STPHost to Host

STP- H2H Mandate

Acceptance ReportsValidation &

Generation of UMRN

Sponsor Bank

Branches Walkin –Mandate initiation

Originator

iWorks

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7Originator informed about the mandate creation by his customer

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9Acknowledgment of mandate sent back to Sponsor Bank

Mandate Processing Workflow - Bulk

Uploads Mandate - Creation, Update, Cancellation File

Flux PayDirect - Mandate Management

STPHost to Host

STP- H2H Mandate Acceptance

Reports

Validation & Generation of UMRN

Bulk Mandate initiation

Originator

Provides the bulk mandates to his bank

Mandate status report sent back to the originator

Sponsor Bank

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Response from NACH sent back to Sponsor Bank

Mandate Registration Workflow

Customer

Service Provider

Customer signups for the mandate registration with his service provider

Service Provider sends all the mandates to his Bank for processing

Bank sends process and validates all the mandates and sends them to NPCI

NPCI validates & Generates UMRN. Send the UMRN to the Payee Bank along with the mandate

Bank validates the customer name and account numbers and informs the customer about the mandate creation

Bank acknowledges the mandate and responds back to NPCI

NPCI sends the UMRN and the payee bank acknowledgement to the sponsor bank

Bank sends mandate status report back to the service provider

Service provider informs customer on the status of mandate registration

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Payee BankSponsor

Bank

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Customer confirms the mandate

Product Features


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• Web based • Multi Device browsing• Multi browser support

HTML5 compatible

• Future Ready• PACS / PAIN series for

payment & mandates• NACH / NGRTGS Ready

ISO20022 Ready

• Image based Mandate management

• User friendly Split UI • Multiple scanner

compatibility• Signature display

Mandate Management

• Real time monitoring -• Payment flow status• Cashflow Status• Liquidity status• Services status

Dashboards

• Authorisation workflow with maker /Checker

• Authorisation note history

• Multilevel authorisation

Authorisation

• Who?• When ?• What ?• Audit report payment

wise

Audit Control

• System Rule• Operation Rules – user• Rule based routing &

filtering• Payment hold / auto

return

Rule based Routing

• Selection of event for alerting

• SMS / Email template configuration

• SMS Alert • Email Alert / Advice

Event Based Alerting

Additional Product Key Features

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• For value dated transactions

• Auto storing and presentment

Warehouse processing

• Auto collection processing for ACH

• Loan/Finance / Card

Auto Collection Triggering

• Auto payment return• Based on validation

status• Auto reason code

mapping

Auto return Processing

• For ACH collection payments ,

• Return due to fund • Based on no

reattempt

Auto Reattempt

• Encryption / decryption across all channels /connections

• Class II /III certificate• SHA• ChecksumCrypto

• For all payment types

• Across origination host & getaways / settlements system

Reconciliation

• Charge maintenance• Auto charge

collection for payments

• Auto invoice generation

• Processing/Return charges Auto Billing

/Charging

• For ACH• Mandate status • ACH payment status • Statement / Invoices

Auto Origination reporting

• Reduce TCO• OS – AIX/Linux /

Windows• IBM WAS / Jbosss• Sql Server / Oracle /

DB2

Multi Platform compatibility

• Multiple Host interfaces

• Multiple gateway• SSO login ready• Any CMIS compliant

DMS• Any scanner• Web service enabledInterfacing

Product Key Features…….cont.

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• RTGS• NEFT• ACH• IMPS

ISO20022

• RTGS • NEFT • ACH /

Mandate

Typical Process Workflow

IndusInd Bank Case Study with H2H


IndusInd Deployment for NACH

NACH

Mandate Capturing stations across the

branches

CBS – Finacle10

Iworks /DMS

MCCC N.Point

Connect 24

Zafin Centralized Charging system

SVS

Loan CPU - Chennai

NACH Offline web Terminal

NPCINETH2H- SFTP

Exchange server

SMSCDigital Signature system

Flux PayDirectSecure & EncryptedOracle DB Server

Application/WebServer

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IndusInd Bank Key Integration & Project KPI

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Seamless operations across all 500+ Branches , CPU & Centralized Clearing Cell

Minimize cost by using existing scanning and document management infrastructure

Minimize effort towards branch training Automated and secure processing of mandates

and files Straight through transaction processing across

for our Corporate customers Significant saving in infrastructure & third

party cost

Core banking - Finacle Signature system – Finacle SVS Document management system & scanning

station across the branches Host to Host with NPCI Charging Engine Corporate banking – Direct Corporate Access

(to be done)

Key Integration set upIndusInd Project KPI

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Software Details Option 1 Option 2

Operating SystemWindows 2008 Enterprise Server or above

Unix/Linux/Sun Solaris

Application ServerJboss or Tomcat or Websphere 6.1 / higher

WebSphere 6.1 or higher

Database serverMS-SQL Server 2008 standard Edition / R2

Oracle 10g or higher / DB2

Hardware Parameters Minimum Specification

Processor Quad Core

Chipset Intel

Processor Speed 2.6GHz or above

Cache Memory Minimum 4 MB – 8 MB L2 Cache

RAM 16 GB upgradeable to 32 GB

Hard disk Drive Type SCSI

Hard Disk space 500 GB x 2

Infrastructure requirements

Thank You

www.evolvussolutions.com atos.net

Contact Us

Sanjay Bhoite - 9930182331Anish Thomas - 9885016017Karthik - 9845113289

http://www.atos.net/

Flux PayDirect NACH IndusInd Bank Case Study

Economy & Finance

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