Built to handle the money side of SuperStream messaging, the Banking Gateway will ultimately enable near real-time matching of money and data by leveraging the Swift network.
The gateway will eliminate the substantial lag that currently exists between matching money and data.
The Banking Gateway links on-premises Accounting and Ledger systems directly to the Banking system, transferring ISO 20022 messages bi-directionally using the AS2 transport protocol.
As the New Payments Platform (NPP) is rolled out, the Banking Gateway will move Bank Statements and Payments from overnight batch files to event driven near real-time processing.
The Banking Gateway automates what is currently a highly manual process.