Payment Platforms and Payment Orchestration for Financial Institutions

Optimizing Flow: Payment Platforms and the Power of Payment Orchestration

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In the age of mandated instant transfers, leveraging modern Payment Platforms and Payment Orchestration is essential for cost control and competitive resilience. 

Legacy bank infrastructures often result in fragmented payment processing, where different systems handle domestic transfers, international wires, and mobile RTP payments separately. This fragmentation leads to inefficiency, high maintenance costs, and difficulty in achieving continuous IPR Compliance. 

The solution lies in adopting centralized Payment Platforms and layering on sophisticated Payment Orchestration technology. 

What are Modern Payment Platforms?

Modern Payment Platforms are centralized, unified systems designed to manage the routing, processing, and clearing of all payment types, from bulk credit transfers to instantaneous SEPA Instant transactions, through a single infrastructure. 

They offer a single, unified solution for payment processing, replacing the need for numerous, disparate systems. Key features include: 

  • Unified Data: A single source of truth for all transactional data, enhancing reporting and auditability. 
  • Modular Architecture: Designed with APIs to easily integrate with specialized services (e.g., fraud monitoring or sanctions screening). 
  • Global Reach: Capability to manage various domestic, regional, and international schemes (SEPA, SWIFT, etc.) through a single hub. 

The Power of Payment Orchestration

Payment Orchestration is the strategic software layer that sits above the physical processing systems and multiple payments gateway connections. Its role is to intelligently manage and optimize the flow of payments based on real-time factors. 

This technology is vital for RTP Implementation because it ensures maximum efficiency and success rates in a 24/7 environment. 

Key Benefits of Orchestration: 

  • Cost Optimization: The orchestration layer automatically routes payments to the most cost-effective and efficient path, minimizing transaction fees and saving money on processing. 
  • Increased Resilience: If one payments gateway or internal system fails or times out, the orchestration platform instantly reroutes the transaction to an available channel, ensuring business continuity and fulfilling the 24/7 availability mandate. 
  • Accelerated Compliance: By centralizing routing logic, new regulations (like IPR’s Verification of Payee rules) can be implemented once in the orchestration layer rather than in every separate processing system. 
  • Enhanced Speed: Optimized routing ensures the fastest possible path to settlement, helping meet the IPR’s critical 10-second processing window. 

For banks, moving to a centralized Payment Platform equipped with Payment Orchestration is how they turn IPR Compliance into a mechanism for long-term operational excellence and profitability. 

Is your payments infrastructure optimized for 24/7 RTP payments and cost control? Explore Samlink’s Advisory Services to design the right Payment Orchestration strategy for your bank. 

For the full strategic picture, read our core resource: The Complete Guide to IPR Compliance and Real-Time Payment Modernization for European Banks