Banking & Financial Services (BFS)

Payment Systems

ICCS Suite

Our Image Cheque Clearing System (ICCS) suite of solutions in collaboration with payment systems from Burroughs and Aperta helps banks work with Speed and agility. 

 

Providing end to end solutions for image based cheque clearing, the suite comes equipped with functionalities for all steps involved with image based clearing such as outward clearing, inward clearing, return of outward, return of inward, Postdated cheques, Onus cheques processing, Corporate cheque capture and reconciliation.

 

 

ICCS Connect suite of solutions is currently being used by over 40 leading banks in the UAE and includes:

 

Providing end to end solutions for image based cheque clearing, the suite comes equipped with functionalities for all steps involved with image based clearing such as outward clearing, inward clearing, return of outward, return of inward, Postdated cheques, Onus cheques processing, Corporate cheque capture and reconciliation.

 

ICCS Connect

 

Move away from paper-based workflows. 

 

Lead your business to image-based inward cheque clearing and returns processing. 

 

ICCS Connect covers all four cycles of cheque processing namely, outward and inward clearing and inward and outward returns.

 

ICCS - Clearing System

 

 

How will you benefit from ICCS Connect?

 

• Automate the posting to your core banking system

• Manage post dated cheques efficiently

• Provide referrals of inward clearing cheques to branches/relationship managers

• Secure the cheque processing workflow using the maker/checker concept

• Create and manage a centralized cheque image archive

• Increase efficiency of the signature verification process

• Reduce operational costs related to physical clearing of cheques, archiving, storing and transporting documents and MICR amount field encoding

• Give customers faster and easier access to their money by shortening clearing cycles

• Enhance traceability and consistency and counteract fraud

 

ICCS Connect.Net

 

Based on the experiences that we have gained over the years in image based cheque clearing and the research and development investments made, we have launched the state of the art web enabled version of our existing ICCS solution “ICCS Connect.Net”. The ICCS Connect.Net is a functional and technical re-engineering of Raqmiyat’s existing ICCS Connect application. 

 

Over the last few years since ICCS system was implemented in UAE, we have seen the system evolved in all these banks and taken their valuable feedback, studied it thoroughly and designed ICCS Connect.Net incorporating vast set of features, performance benefits and best practices of these banks into the ICCS Connect.Net solution

 

The CMMI Level practices are being followed from the base level in architecting the product, design, development and testing of ICCS Connect.Net solution. Automated testing tools are used for doing multiple testing enabling the solution to be more robust.  

 

The result is a comprehensive solution where all your future requirements like three digit bank codes and special clearing will be met in one solution giving you a multi fold experience in terms of operational efficiency, user friendliness, simplified deployment capability, management reporting and higher return on investment.

 

Helping banks streamline and address growing customer demand and achieve significant savings in IT support costs, this solution leverages our extensive experience from working with over 40 leading banks in the region.

 

Highlights

 

• Complete out-of-the-box cheque clearing solution

• Highly configurable and parameter driven

• Web based solution with innovative and intuitive dashboard

• Improves efficiencies – Reduction in manual process such as packaging & un-packaging of electronic envelopes through automation.

• Multi-Currency / Multi Country support - Proposed application can handle currencies other than AED and can be deployed in other countries.

• Compliant with latest CBUAE ICCS SSM changes like IBAN, Payer ID and Payer IBAN. 

• Built-in Auto FTP service for pushing and pulling electronic envelopes

• Built-in Active directory integration

• Comprehensive PDC processing module

 

ICCS Corporate

 

State of the art Web based solution extends ICCS Connect capabilities like cheque image capture and data correction to Corporates.

 

Upgrade version offers host of benefits to corporates including real time dashboards, Scanning postdated cheques and digitally warehousing these images until the date of cheque clearing, Withdrawal and date extension of post dated cheques.

 

Additionally, benefit from ICCS Corporate:

 

• Enables faster onboarding of new corporates

• Enables faster access to funds

• Reduces excessive consumption of resources and time- to improve efficiencies and cost.

• Enables faster presentment of cheques to Central Bank within a stipulated time frame.

 

ICCS Auto FTP

 

Fully automate the steps involved in the process of uploading and/or downloading of envelopes and acknowledgements from the Central Bank of the UAE.

 

Additionally, benefit from ICCS Auto FTP which:

 

• Is a multi-threaded application with the facility to allocate a separate thread for one or more file types

• Automates upload of outbound and inbound envelopes

• Has a definable user-ID, password and port for each file type

• Provides automatic/unmanned processing of incoming/outgoing files and acknowledgements

• Functions with minimum manual intervention

 

ICCS Recon

 

Reconcile physical cheques with the images in your ICCS solution.

 

Automate the physical reconciliation of outbound and inbound cheques.

 

Also benefit from schedule and tracer generation along with the functionality to keep track of the status of items.

 

This software in combination with the Burroughs NDP Quantum series system with multiple pockets will help you in the sorting and reconciliation of cheques. These systems are available at speeds of 200, 300 and 600 documents per minute.

 

ICCS Dot Recon

 

The ICCS DOT (Day One-Two) RECON module is a separate module within the ICCS Connect suite which caters to the reconciliation of the files received from the Central Bank at the end of every settlement date against the data available in the ICCS Connect application at the member bank.

 

Applicable to outward and inward clearing cheques, it provides banks with a host of reconciliation reports and an accurate update of all processed cheques for the four cycles and a comparison with the data provided by the Central Bank.

 

ICCS PDC Module

 

Benefit from:

Lodgment of PDC’s - Capture and store items in the system

Withdrawal – Withdraw items previously lodged

Deferment – Change presentment dates

Presentment – Generate movement of items to DUE status

Returns processing

Sorting (additional infrastructure required)

Foreclosure

WPS Connect

State of the art Web based solution allows the banks, exchange houses and financial institutions to act as Employer’s Bank / Employee’s Bank to provide a safe, secure, efficient and robust mechanism to streamline the timely payment of wages.

 

 

Key cycles covered:

 

1. Funding of the Wages – Employer /Bank 

2. Payment of the Wages - Agent

3. Employer Initiated Refund – Employer /Bank/Agent

4. Agent Initiated Refund – Agent/ Bank/Employer

 

 

The benefits from WPS Connect are:

 

• Interface to  Central Bank based on WPS  file formats 

• Covers all the cycles of WPS 

• Pre-Processor Utility to convert customer SIF files to expected format

• Rule engine to Validate all CB Files

• NAK Processing Utility

• Automatic File Transfer

• Automatic DB Update for acknowledgement processing

• Disbursement Approval  Summary Screen

• DIF Confirmation Screen

• Disbursement Advise Printing 

• Generation of all Key Reports

• Inbuilt Interfaces to Core bank and various back end systems

• Extensive Audit Trail

• User Security / Role Administration

 

FTS Connect

 

FTS Connect enables the financial institutions to act as Originating/Beneficiary Banks to consolidate all SWIFT/ messages for local remittances at a single location.

 

Key functions of the system include:

 

1. Origination

2. Credit

3. Refunds

 

The benefits from FTS Connect are as follows:

 

• Straight through Processing (STP) from Banks’ Hosts System(s) to Central bank and back, through our FTS Connect System. Multiple Interfaces.

• Convert SWIFT/ messages into the specific message format mandated by Central Bank.

• Receives and process inward messages from Central Bank, convert these messages into SWIFT format

• Automatic File Transfer

• Automatic DB Updates for acknowledgement processing

• Generation of all Key Reports

• Inbuilt Interfaces to Core bank and various back end systems

• Extensive Audit Trail

• User Security / Role Administration

 

Inbuilt Interfaces available in FTS Connect:

 

• CSV Adaptor

• Standard SWIFT File adaptor

• File generation adaptor 

• Automatic File transfer Adaptor (AutoFTP)

• Standard UAEFTS to SWIFT Adaptor

 

Backend systems integrated in FTS Connect:

 

• Finacle

• Flexcube

• TCON

• EBS

• Equation

• Silverlake

DDS Mubasher

 

DDS Mubasher solution enables the financial institutions to act as Sponsoring/Paying Banks for presentment and settlement of Direct Debit Payments.
 
Key Functions of the system are:
 
1. Originator Administration
2. DDA Administration
3. DDS Payments
4. EOD Reconciliation
 
Benefits from DDS Mubasher are as follows:
 
• Straight through Processing (STP) from Banks’ Hosts / Credit Card  / Loan / Internet Banking System(s) to Central bank and back, through our DDS Mubasher System. 
• Inbuilt Framework for Multiple Interfaces.
• Multi-Channel notification for Payers and Originators
• Auto Alerts to System Administrators
• Automatic File Transfer
• Automatic DB Updates for CB files processing
• Generation of all Key Reports
• Inbuilt Interfaces to Core bank and various back end systems
• Graphical Charts based Dashboards & Drill down reports for Higher Management
• Service Indicator Dashboards for System Administrators
• Extensive Audit Trail
• User Security / Role Administration
• Comprehensive solution covering Originator Administration, Direct Debit Authority Administration, Payments / Claims processing, Reports and EOD reconciliation.