About Payment Services Bureau
ECS Fin’s SWIFT Service Bureau (SSB) helps SWIFT members outsource their requirements of a fully managed connectivity platform and get reliable and secure connections to beneficiary banks, correspondent banks, trading partners and its customers on one side while establishing STP with internal applications of the enterprise on the other side. Connecting to SWIFT via a Service Bureau, ECS Fin manages the connectivity and administrative requirements as a service, thus achieving lower total cost of ownership for financial institutions, as well as lower administration and operational costs compared to an on-premises solution.
Financial institutions can benefit from plug-and-play connectivity to the platform using various channels and send/receive financial messages either domestic or cross-border, and route payments and post-trade processing settlement instructions to their banking and trading partners with seamless integration.
An interoperable platform that helps financial institutions get access to their own data in their own datacenter and get standardized reporting and consolidated view of their statements across all their correspondent banks.
ECS Fin’s SSB is embedded with SWIFT connectivity and has the most comprehensive approach to financial messaging which supports built-in functionality for data validation, duplicate checks, compliance checks, and AML filters and with back-office systems.
Service Features
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