65% faster payment processing     |     100% Adherence to ISO 20022 Standards     |     40% Reduction in Manual Effort    |    30% Increase in Transaction Throughput     |     | 99.5% Accuracy in Payment Processing     |     65% faster payment processing     |     100% Adherence to ISO 20022 Standards     |     40% Reduction in Manual Effort    |    30% Increase in Transaction Throughput     |     | 99.5% Accuracy in Payment Processing     |     65% faster payment processing     |     100% Adherence to ISO 20022 Standards     |     40% Reduction in Manual Effort    |    30% Increase in Transaction Throughput     |     | 99.5% Accuracy in Payment Processing     |     65% faster payment processing     |     100% Adherence to ISO 20022 Standards     |     40% Reduction in Manual Effort    |    30% Increase in Transaction Throughput     |     | 99.5% Accuracy in Payment Processing     |     65% faster payment processing     |     100% Adherence to ISO 20022 Standards     |     40% Reduction in Manual Effort    |    30% Increase in Transaction Throughput     |     | 99.5% Accuracy in Payment Processing     |     65% faster payment processing     |     100% Adherence to ISO 20022 Standards     |     40% Reduction in Manual Effort    |    30% Increase in Transaction Throughput     |     | 99.5% Accuracy in Payment Processing     |    

“Implementing Newgen’s Payments Hub has transformed our payment processes, delivered 60% faster payment processing while lowering operational costs and ensuring compliance with global standards and transaction accuracy to boost overall efficiency.”

Head of Payments, Leading Global Bank

Learn what Newgen’s Payments Hub Solution can do for you

Comprehensive Payment Processing

Digitizing manual work, AI-led end-to-end journey automation and centralizing all payment types – domestic, cross-border, and cover payments, with omnichannel support to facilitate payment initiation through various channels such as SWIFT MQ, branch walk-ins, online banking, mobile banking, emails, bulk uploads, and third-party applications.

AI-driven routing in remittance uses AI models to identify the most efficient and cost-effective way to process international money transfers. The AI model dynamically selects the optimal route by analyzing transaction costs, processing times, success rates, and real-time network conditions.

Enhanced Compliance and Monitoring

Newgen platform streamlines local and cross-border payments, supporting systems like ACH, NEFT, and RTGS. SWIFT-compliant and ISO 20022-ready, it integrates with SWIFT GPI, ACH, Nacha, FedNow, and SWIFT gateways. The platform ensures secure transactions with pre-payment checks, including document verification, authorization, AML checks, and duplicate detection. AI-driven fraud detection based on demography further enhances security, mitigating risks in real-time credit card transactions.

Operational Efficiency

Enhance STP rates with AI-powered automation, enabling real-time transaction processing through intelligent SWIFT message parsing. Newgen platform leverages AI-driven document verification, classification, and data extraction to streamline processing further while seamlessly integrating with core banking, treasury systems, AML solutions, and other financial ecosystems, ensuring frictionless operations with improved accuracy and compliance.

Scalability and Flexibility

Built on a low-code framework, it combines AI-driven automation with configurable agility, enabling financial institutions to adapt seamlessly to evolving payment landscapes and regulatory changes. Leveraging GenAI enhances customer engagement by generating leads through value-added services, driving business growth and personalized experiences.

Comprehensive Payment Processing

Digitizing manual work, AI-led end-to-end journey automation and centralizing all payment types – domestic, cross-border, and cover payments, with omnichannel support to facilitate payment initiation through various channels such as SWIFT MQ, branch walk-ins, online banking, mobile banking, emails, bulk uploads, and third-party applications.

AI-driven routing in remittance uses AI models to identify the most efficient and cost-effective way to process international money transfers. The AI model dynamically selects the optimal route by analyzing transaction costs, processing times, success rates, and real-time network conditions.

Enhanced Compliance and Monitoring

Newgen platform streamlines local and cross-border payments, supporting systems like ACH, NEFT, and RTGS. SWIFT-compliant and ISO 20022-ready, it integrates with SWIFT GPI, ACH, Nacha, FedNow, and SWIFT gateways. The platform ensures secure transactions with pre-payment checks, including document verification, authorization, AML checks, and duplicate detection. AI-driven fraud detection based on demography further enhances security, mitigating risks in real-time credit card transactions.

Operational Efficiency

Enhance STP rates with AI-powered automation, enabling real-time transaction processing through intelligent SWIFT message parsing. Newgen platform leverages AI-driven document verification, classification, and data extraction to streamline processing further while seamlessly integrating with core banking, treasury systems, AML solutions, and other financial ecosystems, ensuring frictionless operations with improved accuracy and compliance.

Scalability and Flexibility

Built on a low-code framework, it combines AI-driven automation with configurable agility, enabling financial institutions to adapt seamlessly to evolving payment landscapes and regulatory changes. Leveraging GenAI enhances customer engagement by generating leads through value-added services, driving business growth and personalized experiences.

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Benefits of Newgen’s Payment Hub Solution

  • Unified interface that delivers a seamless user experience by bridging front-end processes with legacy core systems, simplifying operations through a single interface.
  • ISO 20022 compliance & payment system support that ensures adherence to global standards like ISO 20022 and supports key payment systems such as ACH, Nacha, FedNow, and SWIFT gateways for smooth and efficient payment processing.
  • Omnichannel payment initiation that facilitates payment initiation across multiple channels, including SWIFT MQ, Branch Walk-ins, Online Banking, Mobile Banking, Emails, Bulk Uploads, and Third-Party Applications, offering enhanced convenience and accessibility.
  • Automated STP & N-STP Processing that automates straight-through processing (STP) and non-STP (N-STP) cases via real-time integration with core banking, treasury, AML, and other systems, leveraging SWIFT message parsing for smooth transaction management.
  • AI-driven transaction routing utilizes an AI-powered routing mechanism that dynamically selects the most cost-effective path for each payment, optimizing transaction efficiency.
  • Generative AI for lead generation that leverages Generative AI to drive customer engagement by generating leads with pre-qualified offers on customer behaviour through value-added services, enhancing business growth.
  • AI-powered fraud detection that enhances security through real-time fraud detection powered by AI, analyzing factors like demographic discrepancies to mitigate risks in payment transactions.
  • AI-led STP enhancement for consistently learning using AI & ML to enhance the STP rates in remittances
  • Robust reporting capabilities that provide powerful Report Designer tools to create and view KPI reports, user/role-specific reports, MIS, and dashboards for better decision-making and performance tracking.
  • Real-time customer notification to offer customizable, real-time notifications to ensure complete transparency and keep customers informed about their payment transactions.
  • Integrated back-end processes that integrate back-end processes streamline transaction movement across functions, reducing manual effort and minimizing closure times.
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