Over the last fifteen years, the bank-company relationship has changed little : thanks to their banking communication platforms, companies have communicated with their banks via classic protocols: secure FTP, SWIFT, ETEBAC then EBICS.
The rule laid down by the second Payment Services Directive (PSD2), which entered into force in September 2019, has changed this landscape: it requires banks to provide open APIs, to authorize access to account information and initiate payments . NEOFI Payment proposes , the banking communication platform must exploit this new secure communication channel without denying the old ones. Companies therefore remain free to choose the most easily accessible channel to connect to their various banks. Depending on the wealth of open APIs, this channel provides greater speed and fluidity, both during its deployment and in its daily use.
The banking communication platform is interfaced with business applications (accounting ERP, IS-HR, expense report management application, etc.) from which it receives payment and direct debit files and to which it transmits transaction notices, intradays, account statements. It provides security, centralization and auditability essential for managing these sensitive flows. However, the most recent of them now offer the possibility of exchanging via APIs, making exchanges more secure and more finely controllable. Thus, as is the case in NEOFI Payment , the banking communication platform must offer all modes of exchange, from the most recent to the oldest, and must even ensure that each of its actions (control, validation, signature , etc) can be called by web services; this new mode of exchange therefore has a bright future ahead of it!
The fluidity of exchanges enabled by APIs is not the only characteristic of a banking communication strategy . To this new mode of information exchange and data collection, NEOFI adds a business intelligence (BI) module, which renews its compilation and analysis potential. Collecting data is good, being able to analyze it is even better. Often criticized for its complexity, BI software is designed to be easily configurable. We are no longer content with extracting illegible data in a table or displaying its evolution on curves or graphs, it is now a question of offering an informed and clearly presented reading of the information linked to the inspection of every little cell of data!
New features that we will have the opportunity to present more completely in a future article...
