company profile - Logica

SEPA Solutions The European Parliament has now confirmed the deadline to change to the new schemes for SEPA Credit Transfers (SCT) and SEPA Direct Debits (SDD) as 1st February 2014. In non-Euro countries the deadline is 31st October 2016. This announcement finally removes market uncertainty over whether an end-date would be set. Doing nothing is not an option- time is running out for businesses to act.

The sweeping changes to the European payments landscape under SCT and SDD will present corporations with a complex set of challenges. But ultimately the move to standardise payments in the eurozone - as part of the Single Euro Payments Area (SEPA) initiative represents a huge opportunity for corporates to overhaul their cash management and collection processes and leverage their banking relationships.

We are uniquely well placed to support Banks & Corporates in meeting the challenges and opportunities of SEPA.

Our clients, being Bank or Corporate, are active leaders in the market, using our solutions to boost their dominance in the market. Today, our technology is used to process 15% of SDD transactions in Europe, surpassing any other provider in the market.

Please visit our new SEPA Microsite for everything you need to know about SEPA. Web: More about: SEPA Solutions Logica Mandate Management The Logica Mandate Management Service is a ready-made solution to this live business issue. Logica Mandate Management converts legacy electronic mandates into SDD compliant mandates and manages the full life cycle of SDDs. Paper mandates can be uploaded using our European scanning service, and mandate packs easily printed and sent cost effectively to your customers for signature. Alternatively you can opt to have your customers complete their mandates on-line, removing the need for paper completely. The service has been designed specifically to address all the challenges a corporate will face, enabling you to unlock the full potential offered by SDD.

With Logica Mandate Management, connecting to the service is simple, fast and highly automated:

• High volume scanning service to ease the bulk upload of paper mandates
• High volume mandate pack production in local language
• User friendly web access for customer services staff
• Secure physical and/or electronic archiving of mandates
• Ready-made training materials
• File transfer service supporting multiple formats
• Tailored European language support
• Short deployment time, typically no longer than one month
• Full end to end service delivered by Logica

Web: More about: Logica Mandate Management Intelligent Self Learning HotScan scrutinizes domestic and cross-border transactions in real-time. It alerts you to matches against watch lists and gathers information for risk assessments. HotScan supports you with online inquiry and batch filtering of names, addresses, and other biographical details. And, HotScan Intelligent Self Learning (ISL) provides sophisticated scanning with a self-learning algorithm to actively reduce false positives, manual intervention, and processing interruptions.

Ten quick facts about Logica's Hotscan ISL

• Reduces false positives by up to 50 per cent
• Improves overall efficiency of current filtering business process
• Integrates easily with current filtering infrastructure or host system
• Leverages innovative self-learning algorithm
• Independent of real-time message flow
• Retains current thresholds and/or compliance mandates
• Performs all processing with full transparency and an audit trail
• Affords short, easy implementation cycle
• Enables global deployments via full Unicode support
• Based on open platform with web browser architecture

Brochure: Intelligent_Self_learning.pdf 1.1 mb (PDF File) Web: More about: Intelligent Self Learning FastWire Open LAPS Financial Messaging (FASTWIRE Open) is our cutting-edge, high-end, network independent messaging platform, designed to meet the needs of major global banks, commercial and investment banks, global custodians and clearing houses. It has the highest proven throughput of any financial messaging solution on the market. Additionally through our partnership with TIBCO, combining with the powerful middleware capabilities of ActiveMatrix BusinessWorks we can enable smooth transition from existing legacy SWIFT infrastructure to a new functionally rich modern financial messaging architecture.
Email: GlobalProducts@logica.com Web: More about: FastWire Open LAPS - Logica All Payments Solution Financial institutions around the world are feeling the pressures of rising volumes of payments and tougher customer demands. They also need to meet stringent regulatory requirements and drive down risk. Their challenge is made even greater, as they need to address these issues with limited budgets, and limited resource. It seems there is no easy way of reducing costs, while fulfilling growth objectives. Banks are now weighing up their options. Does their existing system meet their evolving requirements? Will they need to upgrade their payments infrastructure?

We've developed the Logica All Payments Solution (LAPS) specifically to provide a modern, flexible and scalable payments services hub. One that is proven to deliver tangible business benefits, and support your long-term roadmap.

But LAPS is more than just technology, more than just a framework. LAPS empowers you to move to a centralised model. The intuitive workflow can be quickly configured to accommodate market changes. It is easily integrated with other solutions and it gives you full transparency across your operations. LAPS also includes solutions that deliver business benefit in watch list filtering, liquidity management and financial messaging. It comes with Logica's expertise in professional services and it's delivered by a company that believes that the supply of the best overall solution is only achieved through a partnership approach.

Summary of Key Benefits:

• Centralised management and tracking of both single and batch payments based upon required service levels
• A global, internationalised solution - Full multi-entity, multi-currency, multi-time zone, multi-lingual, support for complex deployment models with corresponding functional and data segregation
• Configurable workflow with autonomous business components provides simple deployment options and ongoing maintenance
• Rules based and agile business components encapsulate the domain-specific functionality; with the ability to respond rapidly to changes in operating models. Rules are easily constructed and conceptually simple leading to faster time to market
• Improved STP through payment qualification and enrichment
• Business and operational oversight through highly responsive Business Application Monitoring and Management (BAMM)
• Easy integration with Clearing and Settlement Mechanisms (CSMs) and other bank applications through standard Gateways and adapters
• Designed for Progressive Renovation the bank migrates and evolves the solution in a timeframe which fits its business drivers
• Proven high performance and scalability to meet the demands of mergers and acquisition activity

For more information contact us at GlobalProducts@logica.com Web: More about: LAPS - Logica All Payments Solution IBRA Our Insurance and Banking Reporting Architecture (IBRA) is the solution for financial institutions facing the increased frequency and complexity of the reporting demanded today by regulators.

We know as well as you do that dealing with different regulatory environments in different countries and across a range of complex financial products is a difficult and on-going problem. However, our experience has also been that tougher regulations can be turned to your advantage - the consolidated data necessary for regulatory compliance is also a goldmine for improved decision-making and business agility.

IBRA has an innovative architecture that sees the framework product, which has the common functionality needed for a regulatory reporting solution, separated from the delivery of discrete reporting functionality which is supplied as meta data. The meta data configures and 'drives' the behaviour of the framework product, delivering user-specific reports to the desktop.

IBRA's methodology and toolset enables Logica to create and deliver cost-effective global, European and country-specific regulatory reporting solutions, reducing time to market and minimising your maintenance costs.

• Multi-jurisdictional solution for delivering regulatory returns for any market or regulator
• Fully-automated workflow with intelligent exception-handling capabilities
• Innovative architecture enables faster responses to reporting changes and simplifying implementations
• High performance & scalability - capable of processing over 100 million transactions per day
• Full traceability of processing steps and transparency of intermediate results to give users complete confidence
• Available as an independent system in your datacentre or integrated with existing applications as a regulatory reporting engine, and also via SaaS and ASP

Web: More about: IBRA HotScan We take financial crime seriously at Logica. That is why we created HotScan our automated transaction filtering and scanning software. HotScan scrutinises domestic and cross-border transactions in real-time and alerts the institution to matches against watch lists.

By providing online enquiry and batch filtering of names, addresses and other biographical details, HotScan also supports you with account opening and Know Your Customer (KYC) procedures. This means you can carry out risk assessments against terrorist lists, sanctioned entities, politically exposed people and other risk groups.

HotScan is designed to reduce your risk by:

• Thoroughly checking all data in every transaction against the configured watch lists
• Automatically scanning all types of payment and administrative messages, including SWIFT, Fedwire, CHIPS, CHAPS and Telex
• Searching all data to highlight deliberate attempts to disguise matches using finely tuned algorithms
• Ignoring insignificant common words when assessing a match, thereby improving accuracy and reducing false-positives
• Easily integrating with different host systems, meaning minimal interruption to message flow while performing effective scanning. It is a certified plugin to SWIFTAlliance Access, has MQ and TCP/IP interfaces
• Providing added security with a complete audit trail on each message, together with 4-eye verification and supervisory approvals.

Web: More about: HotScan