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Lynex®
Payment Solution is an integrated cheques processing
solution using the state-of-the-technology and design. In conjunction
with Panini S.P.A in Italy, the solution is built on a Visual
Studio.net and C++ platform, and it is customised to suit the
specific needs of the clients.
It is built to deliver maximum efficiency and performance at
both branches and Centres
The Capture System is built on Datlex Platform and uses a robust
relational database (SQL/Oracle) as the backbone for data Storage.
Lynex® is an end-to-end (e2e) seamless data capture Solution.
Has capacity for Distributed and Centre Capture, Image Capture
, Remittance Processing, and Archival system.
Our Lynex® version 3.2 is designed to allow you take full
advantage of the regulatory One-day-Clearing system.
Unlike other payment Solutions, Lynex® is built from the
background knowledge of the Nigerian Clearing System.
With our experience of servicing 3 of the mega bank of the 24
banks in Nigeria, Lynex® will help you meet the challenges
of today’s cheques clearing.
:: Our Solution
Capabilities
» Fraud detector
»
Image Capture
» Exception handling
» Reconciliation
» Return Cheque Processing
» Reject Repair,
Inquiry Research & adjustment.
» Image Storage
» CD Delivery
» Report (MIS) Management and
Regulatory
:: Solution Benefits
» Reduce Cost of Cheque Clearing.
» Increased
access integration to Core Banking Application- Flexcube.
» Comply with industry standard for archival.
»
Highly Scalable.
» Simple Architectural design. Client/Server
» Facilitate Data transmission is to be performed on secured
network over SSL, with industry standard encryption.
»
It is a multi-user system
:: CURRENT ISSUES
& CHALLENGES
There are wide range of problems relating to
the clearing process: -
» Cheque alteration and
Counterfeiting.
» Cheque theft, Conversion and substitution.
» Volume issues. High volume of transactions cannot
be processed manually;
» Long list of Unreconciled
items resulting in very Laborious reconciliation process .
» Several unexplained outstanding items; Aged/Bad figures
are written down from profit.
» Inability to place
reliance on clearing data;
» Management’s inability
to effectively control the Cash Position at CBN.
»
The investment side of the Treasury is seriously affected-Almost
in all the big Banks.
» Complex overly process flow.
Duplicate/Unnecessary process
» Bad float management.
A bank could take advantage of float days, usually between when
we received our cheques and when we are debited by the CBNs.
» Missing and dropped
» Functional limitation
of Core banking application.
» Use of wrong Payment
Solution.
» Late closing and over night shift.
» Bad Clearing Centre org Structure.
» CBN has
raised the bar for Cheque Clearing and Settlement/Inability
of Banks to automate in-clearing into Core Banking Application.
» Industry standard demands a Central Clearing System.
This where Lynex comes handy for a
» Big Bank like the Big, Strong, reliable Bank.
[ CLICK
TO DOWNLOAD ABOUT LYNEX PAYMENT SOLUTION ]
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