Veracious Cross Border Payment Platform

Banks and FIs can offer access to numerous cross-border networks with ease.

SWIFT & NiumOut-of-the-box compliance

Multi-currencyReal-time exchange rate processing

Since 2006Veracious product line serving banks

Overview

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 and 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.

Payment Market Infrastructure Integration

Supports multiple PMI integrations, compliant out of the box with SWIFT & NIUM, and custom integrations for many more.

Network Compliance

GSS has compliance with the following networks

Veracious Cross Border Payment Platform can be configured for any cross-border network specification and compliance. GSS is constantly working to add more out-of-the-box networks.

SWIFTNiumCorrespondent Bank Relationships

Veracious platform

Cross Border Payment Platform Features

Correspondent Bank Management

Manage your list of correspondent banks, communication protocols and integration touch points from a single interface.

Message Engine

A Universal Payment Hub feature that allows you 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 APIs.

GL Account Management

A universal master setup to manage debit, credit, pool, settlement, charge and tax accounts.

Exception Processing

A universal payment hub feature that allows configuration of exception flows, automatic retry counts and manual processing.

STP Integration with Bank Ecosystem

All integrations, from channels to the core payment engine, internal bank landscape systems and payment networks, 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 with email and SMS gateways through APIs, and custom integrations with 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 the ability to integrate with third-party systems. LDAP and OpenID integration are 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 a maker/checker approval flow, and enabled with real-time sync to avoid downtime.

Scheduler Process Management

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

Rule Engine

A universal rule engine is applied to configure any business rules or workflow processes with ease.

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