Payment Hub
The future of payments is completely digital, immediate, understandable, searchable, scalable, intelligent and currency agnostic.
Built for speed our Payment Hub is tested at 14,000 transactions per second. Also built for ease of use, it is seamless to integrate into most legacy systems.
Payment Hub core benefits
Real-Time Multi-Currency
Banking Hub provides unparalleled and highly configurable support for multi-currency transaction processing enabling:
Interest Accural
At the heart of any core banking system lies the ability to calculate interest. The Banking Hub like any established credible banking system provides the ability for sophisticated interest calculations.
Unlike many banking systems that were designed decades ago, Banking Hub represents the next generation of banking which supports traditional and modern interest and profit rate (shariah finance) calculation capabilities including:
Fees and Charges
Payment Hub supports a wide array of configurable products and services, which can be expressed in absolute or transaction linked % terms covering:
1
Fees & Charges for Services used by customers
2
Fees & Charges for Products at various stages in the product lifecycle from applying, through using and then closing
3
Fees & Charges can be expressed and levied in base or other configured currencies
Registration KYC AML Sanctions
At the heart of a digital solution for financial services sits a streamlined and configurable customer on boarding and registration capability. Payment Hub provides a highly efficient, fully digital and paperless means by which customers can register and as part of that registration process, comply with constantly evolving KYC, KYB, AML, PEP, Sanctions and other regulatory and financial-crime mitigation mechanisms.
The Payment Hub platform has been created to anticipate and respond quickly to ever changing regional and international policies and regulatory expectations. Banks, non-banks, startups and FinTech’s benefit from Payment Hub’s ability to support different national and customer segment requirements on one common platform.
PSD2/Open Banking
In a digital world where increasingly more and more services are becoming open via APIs, Payment Hub is a solution that embraces such initiatives and itself goes above and beyond what is required by regulations to enable open access to every feature, product and service that the technology offers.
Payment Hub can support a wide range of requirements spanning:
E-Money Institution as a Service
Enginef is able to offer an e-money license across Europe and via partnerships elsewhere enabling companies and new digital banks / non-bank financial entities to receive, manage and disburse client money/funds.
The Payment Hub platform has been created to anticipate and respond quickly to ever changing regional and international policies and regulatory expectations.
Banks, non-banks, startups and FinTech’s benefit from Payment Hub’s ability to support different national and customer segment requirements on one common platform.
Security & Authentication
In a world of constant threats from Cyber security and financially motivated crime and account takeover threats, Enginef has invested in a number of measures to minimise / mitigate the inherent risks that the whole industry faces from cyber criminals and denial of service disruption.
Security measures have been implemented, in accordance with latest thinking and ISO standards to protect customer access, infrastructure and data coupled with ongoing testing and certification management.
Further details can be made available on request under security-specific enhanced NDA / contractual confidentiality provisions.