Wednesday, May 19, 2010

RTGS: Real Time Gross Settlement

Trade in this world becoming more and more global and RTGS provides an efficient means for settlement of transactions. Fast paced trade cannot exist in this world without an updated and efficient RTGS system. But for all this as mentioned, the world requires and highly reliable, effective and efficient system and the financial crisis also highlighted the important of it.
Indian banking industry has survived through the financial crisis in the international scenario without much difficulties. But the crisis has shown how important it is to have interbank payment done real time and on gross basis. This helps in reducing the systematic risk in the banking industry. But the RTGS system offered should be reliable, state of the art and should be easy to maintain and also update without major changes in the basic solution offered. RBI has also made it mandatory for the participating firms to upgrade their RTGS system.
Omnitech has foreseen the requirement and has made partnership with the top brands to provide appropriate solution to the banking customers. With 22 years of experience in providing varied IT solutions to customers from different industrial sector, Omnitech has developed end to end solution for RTGS systems giving its banking customer, single point of contact for any emergency or changes in the solution.
Omnitech has proven track record of implementing over 20 RTGS solution to the customers, and has flexibility of providing different solution to different customers, based on their budget and requirement. Omnitech believes in acting as a partner to its clients helping them from the initial stage of planning for the RTGS systems to implementation stage and providing them with key inputs and feedbacks as and when required.

Some of the key advantages in choosing Omnitech for RTGS implementation and up gradation are
End to End Solution on RTGS/NDS (Hardware/Software/Services)
Proven track record (More than 20+ RTGS/NDS solution success stories)
Experience in different sectors and varied banks
State of the art technology
Strategic consulting on RTGS/NDS implementation
Unique delivery models suiting customer requirements and RBI standards
Customized and committed Service Level Agreements (SLA’s) with 24x7x365 support
Efficient reporting and review mechanism
Low cost and effective
More value and excellent customer service

More research into this aspect is awaited from my side…keep watching this space for more

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