Provider Category: Payments & Cards
Wise
Wise for Banks – Modernising your International Payments Experience.
A Customer-Centric International Payments Solution
Wise is a global technology company, building the best way for people, businesses and financial institutions to move money around the world. More than 10 million customers use Wise – whether sending money to another country or making and receiving international business payments, Wise is on a mission to save customers money.
Financial institutions can seamlessly tap into Wise’s infrastructure to power a remarkably fast, convenient and transparent cross-border payments service for their customers – natively within your banking app. Globally, financial institutions have partnered with Wise, leveraging its complete infrastructure to scale their own reach, improve customer experience and reduce their costs.
Overview
With Wise international payments are:
Global
Leverage Wise’s local connectivity across 80+ countries. Wise invests heavily in its local banking network, including direct integrations to payment schemes – building an alternative to traditional correspondent banking rails.
Cheaper
Wise’s investment in experience not only delivers a high NPS, but also has verifiable cost savings. Wise will continue to invest in its product to bring its costs down, passing this straight through to you and your customers.
Faster
Investing in the power of instant. Over 30 percent of all global transfers are delivered instantly, with over 50% delivered within the hour.
Easier
Best in class APIs and design documentation – a trusted, out-of-the-box and completely online solution available with minimal integration and ongoing maintenance effort.
More Transparent
Transparency is becoming the norm – regulators globally are assessing how foreign exchange pricing has been implemented. Wise’s service uses the real, mid-market exchange rate as seen on Google or Reuters.
Request a Demo
Unlock the full power of Open Banking with Salt Edge API
Salt Edge enables businesses to connect to end-customers’ bank accounts from across the globe, and supports them with instant payment initiation, data exchange and enrichment solutions.
Overview
The Global Data Aggregation API is the cornerstone of Salt Edge’s technology, with a coverage of over 3000 financial institutions in 60+ countries. It presents you with the end-customer’s transaction information in a clean and easy-to-understand format to offer a holistic overview of their financial wellness.
Aggregates end-customer account data from any EU bank via a single API gateway. By integrating just one API, you get access to thousands of bank connections. Salt Edge takes care of all the registration and technical connections to banks, helping you to focus on your core business.
Initiate payments on behalf of end-customers, with their consent, from any of their EU bank accounts, via Open Banking and PSD2 channels. Salt Edge API supports any payment types which are provided by each single bank: one-time, future dated, scheduled, bulk payments, etc.
Financial Institutions receive a set of Value-Added Services for conducting complex financial behavior analysis. Salt Edge empowers you to provide personalized services and conduct better risk assessments based on detailed customer spending patterns.
Resources
Global Data Aggregation
General presentation
Request a Demo
End-to-end Collection & Recovery Technology
QUALCO Collections & Recoveries helps banks manage high volumes of non-performing assets effectively and compliantly. The technology uses data-driven analytics to predict customer behaviour and optimise treatment strategies. It manages debt portfolios through the entire lifecycle, from performing accounts to early delinquency and recoveries. The solution supports all banking products, from unsecured debt to mortgages and SME loans and is used by creditors to manage accounts on both an in-house and outsourced basis.
Overview
The Perfect Fit for Temenos Tier 1 & 2 Banks
Our solution ideally fits to Temenos Tier 1 & 2 Banks size and business needs. Secures smooth T24 & Insight integration and evolution of the system.
A Highly Sophisticated Decisions Engine
A highly sophisticated Decisions Engine enables the originator to determine the resolution strategy to apply, and manage the flow of the portfolio throughout the various stages of the debt lifecycle.
Compliant with ECB Guidance for Npl Management
Set up workout units and allocate management. Reach a sustainable solution by considering disposable income and Net Present Value. Implement Going and Gone Concern approaches through user configurable workflows and configure restructuring products that offer a wide variety of options such as interest rate reduction, tenor extension, debt forgiveness, and split balance balloon payments.
Clarity on Performance
Clarity on performance, measurement and reporting. Monitor & improve productivity/financial performance through real-time reporting & analysis tools and built-in Data Warehouse.
Features
Advanced Segmentation, Customer Classification and Strategy Definition through the most sophisticated Decision Engine in the market incorporating scoring and decision that enables business decisions & automates treatment processes.
Customer Solutions functionality to configure, negotiate and offer affordable solutions to the customer with flexible repayment plans. Calculation of the NPV of affordable Solutions allows for ranked proposals to bank’s customers.
Financial Assessment functionality that identifies the disposable income of the client in order to choose the most appropriate solution and proper strategy re-shaping.
Collateral Management & Asset registry functionality for the management and maintenance of a detailed list of collaterals pledged by customers against their loan, with detailed information on their characteristics.
Legal Management and Process Set Up, through a fully configurable environment that supports end-to-end legal processes along with any related action taken to customers and accounts going under litigation.
“One Call to Customer approach”. Due to the Customer centric approach of Qualco Collections & Recoveries and the presentation of all Customer information in one screen, the system allows the agent to conduct “one call” managing the complete Debt relation with the Customer.
Customer relationships (e.g. main debtor, guarantors, joint cardholders, and other co-signers) between the account and customers of the Bank can be displayed and handled through the Collection Screen and various actions that allow different treatment for main owner and co –signers is supported.
Reporting at any management level through comprehensive and user-friendly out-of-the-box data warehouse, analytics environment & dashboard presentations.
Resources
United Bulgarian Bank case study
Vojvodjanska Banka case study
kbc case study
Stopanska Banka case study
ISV Assessments/Awards
ESG & Enterprise Readiness Assessment Scores for QUALCO conducted by The Disruption House
| Category | Award | Date |
| Business Resiliency Accreditation | Builder | February 2024 |
| Sustainability Accreditation | Builder | February 2024 |
Interested in the full QUALCO report? Click here to buy it now.