What We Do
Since 1989, Bottomline has been modernizing global business payments with connected solutions for more than 800,000 financial institutions and businesses in 92 countries.
Securely and efficiently manage funds disbursements
For Businesses
Streamline the collection and management of single and recurring payments
Direct submission and processing of your UK bank payments for payables and receivables
Centralize and automate all your payment creation, controls, and submissions
Comprehensive connectivity to Swift and other domestic and global financial messaging networks
For Banks & Financial Institutions
Convert legacy financial message formats to modern message standards
Easily view analytics of financial messages with central repository
Reduce fraud and errors through digital account verification
For Banks & Financial Institutions For Businesses
Efficiently screen transactions to identify and manage sanctions risk
Stop payment fraud before it happens. Detect, investigate, and protect against internal and external threats.
View, optimize, and forecast your cash position with all accounts connected in one solution
Who We Serve
Our Company
To provide the marketplace with a state-of-the-art proposition, Bottomline has developed a new API-enabled SaaS platform, relying on modern technologies to future-proof access to SIC Instant Payments (SIC IP) and, by extension, to other payment schemes.
Instant Payment (IP) initiatives are developing everywhere. Whether it is a renewal of an existing infrastructure or a brand-new rail, almost all regions across the world are moving to new Instant Payments facilities. For instance, this is the case in Switzerland with SIC Instant Payments, in Europe with SEPA Inst, and in the UK with the New Payments Architecture.
With 24/7 availability, SIC Instant Payments offer numerous benefits, including improved liquidity management, immediate fund availability, enhanced transparency, and reduced settlement risk. SIC IP is transforming the Swiss financial system, making it more efficient, customer-centric, and competitive.
The implementation of SIC IP is not only about coping with a processing time of 10 seconds; it also has ramifications across the whole ecosystem, affecting many areas such as end-user experience, non-stop availability, sanctions screening, balance check, reporting, storage, and flow orchestration.
Operating costs must also be included in the remit since the 24x7x365 requirement will create new SLAs with partners and customers that have the potential to turn into additional commitments.
Built on a solid and future-proofed architectural framework, Universal Aggregator can deliver speed-to-market for new payment and financial rails like SIC IP, along with other traditional networks such as SIC RTGS, Swift, SECOM, and many others.
Manage messages end-to-end, with provision to monitor the full payment cycle, including individual messages. Drill down into each message and create a full audit trail with links for the associated payment.
Complement the solution with additional overlay services, such as long-term storage of SIC IP messages in Message Vault, sanctions screening of SIC IP messages, and Clearing and Settlement functions, to enable a sponsor bank to act as a clearer between indirect players.
Native SIC IP connectivity to meet mandate requirements.
Via Bottomline’s API, using a Rest gateway or MQ.
For searching and monitoring, including message entry and repair.
Native support for ISO 20022 messages, including full end-to-end message management.
Ensured stringent connectivity and messaging availability requirements.
Guaranteed to meet the processing time of 10 seconds.
Speak to one of our experts today.
