Cross Border Payment Solutions
InstillX > Cross Border Payment Solutions

Cross Border Supply Chain Payments - B2B

An IT platform/ application for cross-border B2B enterprise grade blockchain payments technology that facilitates disbursements and acceptance among corporates, financial institutions and trade networks. The solution enables direct connectivity to the payment networks like SWIFT, cards processors and domestic networks including EFT and RTGS. With its ability to accept any-and-all message types, including ISO 20022, your business integration to the platform is seamless and quick.

The platform provides multiple integration models, connecting your business to partners around the globe through a suite of easy-to-use, powerful open APIs, file processors and ERP adapters. The technology provides significant speed, robust security, transparency and cost-savings. The comprehensive suite of processing capabilities includes transaction screening, message enrichment, validations, transformation, routing and reconciliation. While you focus on your core business the platform takes care of your payment needs

The platform is a suite of 0n-demand hosted and managed solutions, a cloud based customised and highly scalable payment solution using the blockchain integrated to extensive ser of payment services to deliver the market’s most comprehensive, flexible and efficient payment solutions.  The solution is designed to support various payment types and connects to various payment networks around the globe using SWIFT gateway or directly.  The solution has the following benefits

  • Unlimited expansion capabilities through a multi-bank and multi-currency application
  • Agile deployment and orchestration of payment flows for high-value, mass payments and instant payments
  • Integration with external bank applications including Cash Management and Treasury Management along with access to the applications suite
  • Improved straight-through processing with advanced error detection and auto repair functionality
  • Scalable architecture based on a distributed blockchain model bundled with an SOA enterprise service bus. Built using state-of-the-art technology platform driven by rules-based engine and best-of-breed infrastructure elements
  • Advanced technologies deliver an integrated and scalable blockchain platform to an AI-driven payment hub.
  • The solution provides access to a global network of banks and payment services.
  • Blockchain enables capabilities for faster payments and real-time settlement between accounts.
  • Reduces the total cost of payment disbursements and collections for every transaction, eliminating hidden costs and improving cash management.
  • Payment transactions are now tracked with end-to-end visibility, minimizing risks, unforeseen delays and disputes.
  • The platform uses smart contracts on the blockchain to manage any executable business contracts.