Veracious
Real Time Gross Settlement

Execute High Value Payments in a Business friendly configuration approach
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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 Payment Hub and RTGS modules can be configured for any country regulatory specification

GSS has Central Bank specification compliance in the following countries

Veracious RTGS serving banks since 2018

India

UAE

Kenya

Uganda

Tanzania

Rwanda

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 parsing on inward flows

Open Telemetry enabled tracking

Platform offers comprehensive open telemetry standard audit logs, audit trails and traces

Comprehensive Archival Engine

Out of the box Archival engine available with dedicated screens and functional flows

Business Process Management

Comprehensive Rule engine that allows 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

Features

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

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

 

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

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

Real Time Domestic Payment Platform Features

Message Engine

Universal Payment Hub feature that allows 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 API's. RTGS is primarily a domestic scheme - however in some countries multiple currencies such as USD and lcoal currency are accepted

GL Account Management

Universal Master Setup to manage Debit, Credit, Pool, Settlement, Charge,Tax Accounts

Intelligent Routing

Rule based routing considering Customer, Network and Bank specific conditions

Exception Processing

Universal payment hub feature that allows for configuration of exception flows, automatic retry counts, manual processing

STP Integration with Bank Ecosystem

All integrations from Channels, to Core Payment Engine to internal Bank landscape systems and Payment Network 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

Universal Rule engine is applied to configure any business rules / workflow processes with ease.

Communication Setup

Integration to Email, SMS Gateways through API's and custom integrations to 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

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

User Role Management

Comprehensive Role based privileges with ability to integrate to third party systems. LDAP, Open ID integration supported

Business Parameter Real Time Sync Configuration

All Business process specific parameters can be configured by business users with Maker / Checker approval flow and enabled with Real Time Sync to avoid downtime.

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