Digital Payment Solution Implementation (ACH/RTGS)

Bayanat successfully implemented the world’s most recognized ACH and RTGS solutions by CMA at the International Islamic Arab Bank in Jordan.

 

The successful implementation by Bayanat and CMA teams covered their whole spectrum of Digital Payment offering services, including: design, development, supply, installation, configuration, testing, deployment and integration. In addition, Bayanat provided training and support services for the implemented solution.

 

The engagement reflected the high-quality solutions and accelerated service models provided by Bayanat. It also showcased Bayanat’s team extensive knowledge and experience in the Digital Payment Solutions field.

 

The solution provided the Bank with the most modern means to deliver a future-proof digital payment hub that offers seamless integration with the underlying core banking solutions and minimum customization of legacy Bank’s software, while providing the highest level of flexibility, security and visibility. 

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Recent Success Stories

  • Digital Payment Solution Implementation (ACH/RTGS)

    Bayanat successfully implemented the world’s most recognized ACH and RTGS solutions by CMA at the International Islamic Arab Bank in Jordan.

     

    The successful implementation by Bayanat and CMA teams covered their whole spectrum of Digital Payment offering services, including: design, development, supply, installation, configuration, testing, deployment and integration. In addition, Bayanat provided training and support services for the implemented solution.

     

    The engagement reflected the high-quality solutions and accelerated service models provided by Bayanat. It also showcased Bayanat’s team extensive knowledge and experience in the Digital Payment Solutions field.

     

    The solution provided the Bank with the most modern means to deliver a future-proof digital payment hub that offers seamless integration with the underlying core banking solutions and minimum customization of legacy Bank’s software, while providing the highest level of flexibility, security and visibility. 

    READ MORE
  • Digital Payment Solution Implementation (ACH/RTGS)

    As a key enabler of the Digital Transformation roadmap for the financial sector in Jordan, and in line with the CBJ directions and regulations; Bayanat implemented CMA’s most prestigious Digital Payment Solutions for ACH and RTGS at the Arab Bank – Jordan. 

     

    Bayanat / CMA implementation procedures covered the design, development, supply, installation, configuration, testing and support of the Digital Payment solutions at the Arab Bank site. 

     

    Responsibilities were aligned with the work streams within the Bayanat / CMA team and the Arab Bank team. The project was further divided into phases that included requirements analysis, testing and training. During all the different phases of the project, the Bayanat / CMA team worked very closely with their counterparts at Arab Bank site to deliver timely, compliant services.

     

    Bayanat Digital Payment Solutions provided the Bank with optimized digital payment and securities operations processing, liquidity and collateral management facilities, risk management and analytical tools in addition to support of wide set of specific cache operations.

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  • Digital Payment Solution Implementation (ACH/RTGS)

    In line with the Central Bank of Jordan’s directions to establish a compliant, secure Digital Payment platform on the national level; Bayanat have successfully completed the Digital Payment Solution implementation project at Cairo Amman Bank – Jordan. 

     

    The project included the implementation and integration of ACH and RTGS solutions by CMA – the world’s most recognized Digital Payment solution provider. By choosing Bayanat solution, CAB were able to seamlessly integrate and connect to the CBJ’s central CMA ACH and RTGS platforms and effortlessly comply with their regulations and technical requirements

     

    Bayanat team, in high coordination with CMA team, delivered design, development, supply, installation, configuration, testing, deployment and integration services based on CMA best practices. Bayanat also provided post implementation training and support services for the offered solution.

     

    Bayanat / CMA team worked very closely with Cairo Amman Bank team to guarantee project success and accelerated deliverables that meet the Bank’s requirements while complying with the latest national and global Digital Payments regulations.

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  • Digital Payment Solution Implementation (ACH/RTGS)

    A successful implementation of Bayanat Digital Payment Solutions at the Jordan Commercial Bank – Jordan. The ACH and RTGS solutions by CMA were delivered by Bayanat team in high coordination with CMA technical teams to guarantee delivery based on global standards and CMA best practices.
     

    Bayanat implementation procedures covered the design, development, supply, installation, configuration, testing and integration of the offered solution. Bayanat also provided post-implementation training and support services to Jordan Commercial Bank teams to guarantee smooth transition and proper change management. 
     

    The solution enables the Bank to provide secure ACH and RTGS services to their clients through the national Digital Payment platform that has been established and run by CBJ, in compliance with the national and global financial sectors’ regulations.

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  • Digital Payment Solution Implementation (ACH / RTGS / IPS)

    In compliance with the CBJ requirements and regulations, and in-line with JoPACC standard direction to streamline secure digital payment processes on the national level; Bank of Jordan – in partnership with Bayanat successfully completed the implementation and integration of their Digital Payment Platforms by CMA. 

     

    The project included the implementation of CMA’s ACH and RTGS solutions, to seamlessly integrate them with the CBJ central ACH and RTGS platforms. It also included the deployment of CliQ - the latest Instant Payment Solution (IPS) platform provided and regulated by JoPACC – to facilitate secure and reliable instant payment and fund transaction services through a regulated national platform. 

     

    The implemented solutions enabled BoJ to provide their clients with a secure, flexible and reliable platforms to facilitate automatic check clearing, securities transfer, instant payments and fund transactions; modern digital banking services that have definitely helped the bank achieve higher customer retention, market share growth and better branding of their banking services.

     

    Bayanat and CMA were chosen to provide and deploy BoJ Digital Payment Solutions for the successful track record they have registered in this area. By choosing Bayanat Solutions through CMA; BoJ were able to natively integrate and connect to the CBJ and JoPACC CliQ central solutions and effortlessly comply with their regulations and technical requirements.

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  • Digital Payment Solution Implementation (ACH/RTGS)

    In compliance with the CBJ requirements and regulations; the Arab Jordan Investment Bank aimed to implement the latest Digital Payment solutions and provide full-fledged functionality to support the Bank’s branch level operations related to RTGS and ACH. 

     

    Bayanat was chosen to provide CMA ACH and RTGS Solutions for the successful track record they have registered in this area. By choosing Bayanat CMA Solutions, AJIB were able to seamlessly integrate and connect to the CBJ’s central CMA ACH and RTGS solutions and effortlessly comply with their regulations and technical requirements, utilizing the continuous flow of knowledge and expertise that have originally deployed the CBJ central solution in the first place.

     

    Bayanat / CMA team worked very closely with AJIB Bank team to guarantee project success and accelerate delivery based on industry standards and CMA best practices.

     

    With Bayanat solution the Bank was able to provide a future-proof digital payment platform that facilitate and accelerate the execution of numerous – yet low-value - debit and credit money

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  • Oracle Applications Consulting Services (EBS, SCM, HCM)

    Bayanat was chosen by APICORP to perform comprehensive Oracle Applications Consulting Services on their current Oracle EBS, Oracle SCM and Oracle HCM solutions.
     

    APICORP main objective in this project was to optimize their services and maximize investment on their current resources. APICORP partnered with Bayanat to assess and enhance the existing Oracle EBS implementation and raise the ceiling of solution utilization in their two main locations in Dammam and Bahrain.

     

    Scope of the Engagement
     

    • Oracle Financials and Supply Chain updates and optimization.

    • Full utilization of General Ledger Budget

    • Create new reports.

    • Set Year-End closure procedures.

    • Activation of Barcoding functionality.

    • Creating a separate Fixed Assets Book for Bahrain subsidiary.

    • Oracle HCM functional tweaks and automated forms generation.

    • Oracle iProcurement implementation.

     

    Bayanat services included the initial assessment of the existing modules to identify performance gaps, submitting a road map to overcome those gaps, and executing the agreed-on enhancement plan as well as training users on industry best practices. 
     

    In less than four months, APICORP could evolve their ERP processes and extend the value of their existing systems, with a significant increase in their operational efficiency and business agility.

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  • Oracle Applications Consulting Services

    Bayanat was proudly chosen by Bank Al-Etihad to provide Oracle Applications Consulting and Extension Services to complete, enhance and extend their current Oracle Fusion Cloud HCM solution. 

     

    Bank Al-Etihad decision to complete and optimize their current Oracle Fusion Cloud implementation came in-line with their direction to optimize their back-end operations, empower their employees and better orchestrate the overall Employee Journey at the Bank.  

     

    Through this partnership, Bayanat were able to provide the Bank with quick fixes that offer no business disruption at any point in time; reliable, simplified assessments, pre-tested enhancement procedures and tailored extensions, together with aligned employee proficiency enrichment programs. 

     

    The project included the full stack of Bayanat Consulting Service Offering, starting with Assessment, Enhancement, Extension all the way through Training and Support. The team’s efforts were geared up towards completing and operating the current Oracle Fusion Cloud HCM implementation while applying best practices for optimized processes. In addition, the solution was extended through implementing Oracle Fusion Cloud Goal and Performance to further complement the Bank’s HCM operation. 

     

    Scope of the Engagement

     

    • Core Human Resources.

    • Fusion Goal Management Cloud Service.

    • Fusion Performance Management Cloud Service.

    • Fusion Time & Labor

    • Oracle Payroll 

     

    The engagement resulted in a significant enhancement of the Bank’s daily operations, which reflected immediately on the quality of their services to the public across the region.

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  • Oracle Fusion Cloud CX

    Bayanat successfully implemented and customized Oracle Fusion Cloud CX for Bank of Jordan, where the Bank were looking for a comprehensive, integrated Customer Experience platform to offer their customers a more personalized, collaborative experience that caters for their rather intelligent, high-tech demands. 

     

    The Solution was aimed at enhancing the Bank’s market position while applying the latest technologies to support their ambitious Digital Transformation vision and meet their business goals.

     

    In addition to implementing Oracle CX different modules for Sales, Marketing and Services, Bayanat also performed back-end integration services, in addition to deploying their customized Oracle CX Extensions for Banks to even expand more on the potential of the platform and better enrich their Customer Experience at all levels. 

     

    Scope of the Engagement

     

    • Oracle Eloqua Marketing Cloud 

    • Oracle Sales Cloud

    • Oracle Service Cloud

    • Oracle Customer Management

    • Oracle Policy Automation

    • Oracle Integration Cloud Service

    • Oracle OKE

     

    Bayanat services also included the following: 

     

    • Extension: Development and deployment of Bayanat Banking 360, SMS/WhatsApp for Eloqua and SMS for CX.

    • Integration: with backend systems to capture customer data, or execute actions for services

     

    With Oracle Fusions Cloud CX and Bayanat extensions, BoJ were able to differentiate their brands, well-orchestrate their customer experience, and better engage with their customers through personalized, innovative offerings and intelligent services. 

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  • Oracle Fusion Cloud HCM and Talent Management Solution

    In line with Bank of Jordan’s Digital Transformation roadmap, and in compliance with the Banking Sector latest technology standards and regulations, it was the BoJ’s direction to install and operate Oracle Fusion Cloud HCM and Talent Management in Jordan & Palestine to have a complete solution connecting every human resource process from hire to retire.

     

    The key objective of this project was to enable BoJ to upgrade and improve their HCM operations by implementing Oracle Cloud HCM and Talent Management while applying the latest technologies to offer their human resources a more enhanced, well-orchestrate and empowering Employee Experience.

     

    Scope of the Engagement

    Oracle Fusion Talent Management

     

    • Fusion Goal Management Cloud Service 

    • Fusion Performance Management Cloud Service 

    • Fusion Succession Planning Cloud Service 

    • Oracle Taleo Learn Cloud Service

    • Oracle Taleo Acquisition 

     

    Bayanat was chosen to apply Oracle Fusion Talent Management extensions and integrate with the existing Oracle HCM Solution in means to help the Bank achieve their goals based on Oracle best practices, and comply with the CBJ requirements; as well as leverage the current resources and maximize the return on investment (RoI) on a more reliable, secure and connected platform.

     

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LATEST NEWS

Bayanat Launch Bayanat Embrace, a Turn-Key Customer Experience Solution for Corporate and SME Banks.

Bayanat, a leading Digital Transformation Solutions Provider for the Financial Sector announce the launch of Bayanat Embrace - An out-of-the-box, vertical 360-View Customer Experience Solution that is uniquely designed and developed for SME and Corporate Banking. 

 

The launch came as a direct response to a crucial and immediate need for an integrated, Corporate-Oriented Customer Experience model that connects systems to deliver a complete, end-to-end services to commercial clients without compromising the data security or integrity.

 

It was evident that, for SME and Corporate banks, the digital customer experience is under served; as corporate clients are engaging in a rather slow, inefficient process that reveals a disconnected flow of information and defragmented environment within the bank systems. This of course reflects on the Relation Managers efficiency and function optimization.

 

Built on Oracle Cloud CX Platform, Bayanat Embrace provides an enriched, well-orchestrated Customer Experience for Banks’ commercial clients through streamlined, end-to-end processes that are integrated with other banking solutions, topped with effective analytics layer that facilitate a more informative decision-making process. 

 

Bayanat Embrace provides a modular platform that encompasses tightly integrated components that are built on high-end technologies, including Customer Experience Module (CX), Relations Manager Experience (RMS), Anti Counterfeit QR Module (ACQR) and Analytics Layer. 

 

With Bayanat Embrace, Banks will be able to lower operational cost, optimize resources, increase market acquisition and achieve excellence. 

 

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