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-Nakul joshi

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Agenda Overview

Encryption Mechanism

Routing feature Benefits of solution

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Solution Entities & relations

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Overview

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Process Flow

Payment Saved InOracle

Actual PaymentProcess In centralbank

BankEnvironmentPayment FileValidation

Acknowledgement

/NegativeAcknowledgementReport from bank

ConcurrentProgram generates.csv File

Payment ApprovalEngine Process

End of the dayStatus Report

View PaymentReport in Oracle

Payment sentto bank

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Payment Approval Engine Oracle does not provide the approval process for

payments.

All approval process is manual Proposed solution replaces manual processes

Custom Approval workflow process can be configuredas per clients requirement

Payment processes can be tracked accurately

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Payment Approval Engine ProcessApproval engine triggers when payment is saved in

oracle

An approve/reject notification is sent to the approvers Subsequent FYI notifications are sent to approval

engine participants

Payments can be approved rejected at any level

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File GenerationAfter the approval of payments, a concurrent program

generates the specific file.

Concurrent program checks for data validations andgenerates file in system.

File contains payment standards as specified by centralbank.

Validation process avoid false data entry into banksystem.

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File Transfer to bank File is transferred to bank using SFTP protocol

SFTP(Simple File Transfer Protocol) is the most secure

file transfer activity and is highly followed in transfermechanism

File is transferred as an encrypted file

Encryption typically is of PGP(Pretty Good Privacy)

Protocol PGP is an OS level protocol and is suggested by most

of the banks

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Payment File Validation Bank receives the file through SFTP

Bank performs initial validations as per norms

mentioned by central bank If payments passes through validations then an

acknowledgement file is sent to oracle within halfhour.

If payments fail the validation then a negativeacknowledgement is sent accordingly

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End of the day Report Payment is then sent to central bank after initial

validation

An end of the day status report is sent back to oracleafter payment processing hours

The report contains detail analysis of the paymentincluding the current processing status, amount

transferred, beneficiary details etc. Process compeletes.

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Beauty of H2H process No manual Intervention.

Fully automated system.

High level security standards. Reduction in paper work.

Better tracking of payments.

Most important, very quick payments with sound

accuracy.