Banking, Financial Services & Insurance
Roll Out Package Implementation Accelerators for Core Insurance Processes
Principal HCL Insurance Practice
Are you looking for -
20% reduction in IT cost 20% improvement in IT performance 20x increased visibility into your IT operations Tune into the webinar and learn how a leading P&C insurance firm in the US- Reduced cycle time for claims processing
- Launched web-based access to policyholders and eco-system partners
- Deployed a customizable business rules engine to improve the ability to respond to change
- Enhanced efficiency in handling claims
SEPA Direct Debit Testing Framework
Operations Director - Financial Services
HCL Technologies
Senior Project Manager - Independent Verification and Validation Services, HCL Technologies
Are you SEPA Ready?
Amongst a host of Regulatory & Compliance Requirements, Financial Institutions (typically Banks) in the European Union Region must mandatorily perform specific Tests to their Payment Systems, to ensure compliance in the Exchange of ISO 20022, Payment & Clearing System (PACS), Messages with Designated Clearing House(s) STEP2. The Implementation Timeline to do so is November 2009.
HCL's SEPA Direct Debit Test Tool has been created based on the Core Compliance Guidelines, Rules Books & Implementation Specifications issued by the European Banks Association. Mandatory Test requirements have been identified, studied, analyzed and translated into a Test Tool comprising of Business Scenarios & ready to use Test Components.
Benefits of the Tool:
- Upfront savings due the ready to use test artifacts, that are application agonistic and reduces time to market
- Enablement of estimation of time, cost & resources necessary for Test pack preparation effort & Test execution effort
- Ready deployment in a standalone Testing cycle mode and also in parallel across Development & Testing Life Cycles
- The impact, scope and implementation challenges of the SEPA Direct Debit Directive.
- HCL’s Direct Debit test tool creation and implementation approach.
- How the Direct Debit Testing Framework helps clients achieve
- Improve time to market to adhere to the timelines mandated by regulations
- Quantifiable savings in the range of 60% -70% in SEPA testing initiatives
- 50 – 70% reduction in person- weeks effort of test case preparation effort
Misys Message Manager and the Impact on Bank Messaging and Payment Systems
Global Solutions Manager,
Payments and Messaging - Misys
Financial Services Solution Partner
HCL Technologies
Is the Banking and Finance community ready for architecture changes to their payment systems to cope with SEPA and standards change?
A joint podcast between HCL Technologies and Misys Plc on the Misys Message Manager Payments tool.
Logon anytime to listen to the 20 minute discussion between John Nightingale and Barry Kislingbury on:
- The impact on payment systems that are being bought about by regulatory changes in the market - (SEPA / Payment Services Directive) plus changes to payment standards (ISO / SWIFT)
- How HCL assists Misys and Misys clients in bringing new products to market quicker by having a strategic partner
- How Misys Message Manager helped transform the payments landscape of a leading bank by delivering:
- 50% reduction in staff costs
- 65% reduction in time to market
- 95% increase in STP
- 70% reduction in operating costs
