Financial services company CGI has revealed that its BESS All Payments solutions and HotScan risk screening product suite are now available on Microsoft Azure.
BESS All Payments is a global payments hub and engine, providing users with a modular and scalable technology solution.
The hub now includes a Single Euro Payment Area (SEPA) Instant Payments offering via Azure, running at speeds of up to 8,000 SEPA Instant Credit Transfer payments per second.
Fully compliant with SEPA standards, BESS All Payments will allow financial institution to reimagine the infrastructure around payments moving forward.
Furthermore, HotScan from CGI, which helps prevent and tackle financial crime, is also now available on Azure. As a cloud-based solution, HotScan will better prepare users to meet regulatory obligations.
“With the upcoming payment advances in Europe and the US, banking customers expect to make and receive payments instantly,” said Cheryl Gurz, director of CGI’s Payments Solutions. “As the volume of these transactions expands, banks need configurable, flexible payment solutions. Using CGI’s BESS All Payments solution on the Microsoft Azure cloud, banks and financial institutions can meet their customers’ service expectations, comply with regulatory mandates, and lower the cost of payment system ownership and service.”
The news was unveiled at this week’s Sibos event in Toronto, Canada.
“We’re thrilled CGI has selected Microsoft Azure to help drive innovation in payments technology and combat financial crime,” said Janet Lewis, vice president of Worldwide Financial Services at Microsoft. “With Azure, CGI and its top tier banking customers will realise the scale, speed and economic benefits the cloud provides, underscored by Microsoft’s investments in security, transparency and regulatory compliance.”