Capable of interfacing with all leading core banking systems
Tried and tested, readily available pluggable RTGS module
User-friendly GUI for RTGS message initiation and routing
Cost-effective and secure
Effective payments and settlement systems are vital for the development of the economy and especially the financial sector. UAE’s Central Bank is a crucial factor in the implementation, monitoring, and successful operation of numerous payment systems in the Middle Eastern region. UAE Funds Transfer System or UAEFTS is the basic Real Time Gross Settlement system or RTGS system that prevails in the United Arab Emirates. The Central Bank of Bahrain (CBB) also depends on the RTGS system as the basic norm for high volume cash payments.
This is due to the effectiveness of the advanced RTGS system in making larger fund transfers a faster and risk-free process. RTGS transfer system is widely used for processing large money transactions along with the exchange of inquiries and security measures through VPN and SWIFT networks. Therefore a highly advanced and hassle-free mode of RTGS transfer system has become an important requisite in all the banks to successfully operate high volume fund transfers.
The real time gross settlement system RTGS Pro by Unity is crafted perfectly with an exceptional routing capability for differentiating between the messages for local and foreign fund transfers. Adding to that, Unity’s RTGS transfer system is capable of automatic switching of messages between the SWIFT and VPN networks. The RTGS transfer system by Unity is perfectly designed to carry out large volumes of both international and domestic cash payments in a swift and risk-free manner. The real time gross settlement system can guarantee secured delivery of every payment order made to the Central Bank. The confirmation of the payments is instantly conveyed to participants. The modular architecture of this real time gross settlement system enables effective channel integration with multiple systems. Another salient feature of this unique real time gross settlement system from Unity is its user-friendly interface. The user- friendly interface of the real time gross settlement system enables banks and other financial institutions to make their reconciliation processes easier. One of the major advantages of using Unity’s RTGS system is that it can effectively get integrated into the core banking systems of all leading banks. All the payment transactions can be properly monitored, controlled, and reported through the centralized dashboards. The plugin adapters used for the host interface are readily available. Banks can efficiently carry out multi-currency cash transactions based on RTGS regulations. After verifying the authenticity, the real time gross settlement system queues up all the transaction requests for taking quick action.