Systar's industry-leading BAM payment product will be integrated by Clear2Pay into its Open Payment Framework (OPF) environment, enabling Clear2Pay customers to gain the real-time performance insight required to pro-actively mitigate operational risk.

The BAM solution will allow customers to increase the level of STP across payment silos in a proactive manner by identifying and addressing issues such as cut-off risk, consistency risk, performance issues and unexpected activity prior to impacting the payments cut-off. This will give end users added benefits such as greater end-to-end transparency on all individual payments. For payment operations, the solution offers higher efficiency: teams can assess emerging risks and predict risk of missing cut-off with estimated time to complete evaluation, identify abnormal situations and more importantly, understand impact and plan resources accordingly.

The initial BAM solution will be focused on intraday performance for high value payments. It will monitor the end-to-end payment process and provide an early warning if payments are projected to finish near to or after the settlement deadline.

As an example, the solution will recognize the profile for a given day in terms of volume and specific customer activity and will determine if there is missing work that would be typical for the time of day or if activity levels may require different staffing levels.

Systar and Clear2Pay will also collaborate on additional BAM solutions to address crisis management, intraday liquidity, and client service management.

"Financial institutions can no longer afford to investigate and address payments issues after the fact," said Systar President Bertrand Bouhour. "This enhanced partnership will deliver seamless integration between Systar's BAM and Clear2Pay's proven Open Payment Framework, enabling customers to proactively monitor operational performance and mitigate risks across all payment types."<"

Warren Gardiner, Chief Product and Strategy Officer at Clear2Pay, concludes: "Modern payment hub based operations hugely benefit from higher levels of STP across all payment products. Proactive monitoring not only helps to prevent and quickly resolve exceptions of all kinds, it also provides management teams more insight into their payments processing centres, their clients and the quality of their service levels. Systar's BAM, as part of our Open Payment Framework is a truly value added service that will give payment operations an instant, quick and lasting win."