Veracious Cross Border Payment Platform

Banks and FI's can offer access to numerous cross Border networks with ease.
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Holistic Payments platform enabling compliance with multiple Cross Border Networks

The Veracious Cross-Border Payment Platform is designed to streamline international fund transfers for both individuals and businesses, offering a cost-effective, secure, and efficient way to move money across countries. It supports multi-currency payments, real-time exchange rate processing, and integrates with global banking networks and payment corridors to facilitate seamless international transactions. 

The platform is optimized to handle the complexities of international compliance, FX conversion, and settlement rules, while offering a user-friendly interface for banks and their customers. 

International Fund Transfers

Enables users to send and receive money across borders, supporting both B2B and P2P transactions.

Multi-Currency Management

Automatically converts currencies at competitive exchange rates and allows transfers in the beneficiary’s local currency.

FX Conversion and Rate Locking

Provides real-time foreign exchange rates, with optional rate locking to minimize risk during transfers.

Banking Network Integration

Interfaces with SWIFT, correspondent banks, payment gateways, and central banks where applicable.

Network Compliance

Veracious Cross Border Payment Platform can be configured for any cross border network specification and compliance.

GSS has compliance to the following networks

Veracious Product Line serving Banks since 2006

GSS is constantly working to add more out-of-the-box networks.

SWIFT

Nium

Correspondent Bank Relationships

Cross Border Payment Platform Features

Correspondent Bank Management

Manage all your list of Correspondent Banks, Communication protocols, Integration touch points from a single interface

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

GL Account Management

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

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

Intelligent Routing

Rule based routing considering Customer, Network and Bank specific conditions

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

User Role Management

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

Integration Management

Extensive Setup for all Integration endpoints

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.

Scheduler Process Management

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

Rule Engine

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

Instant Payment Platform

Cheque Truncation System

Mandate Management System 

Standing Order Management

Real Time Gross Settlement 

Electronic Fund Transfer Debit 

Electronic Fund Transfer Credit

Cross Border Payment Platform

MT-MX Converter 

Salary Engine

Document Management System