WIZZIT Smart ESB
The Challenge faced by CIO’s in the financial services industry has always been to balance stability and security with agility, to the extent that it seems that the roll-out of innovative customer products need to take a back seat to the changes required by the Compliance division. Systems stability is critical and the Support and Operations divisions are reluctant to change anything at all. This dilemma leads to reluctance to introduce innovative products, long test cycles and frustrated business owners.
The WIZZIT Smart ESB is a sophisticated connectivity and transaction management system that allows Banks and other Financial Service Providers to efficiently and quickly increase the functionality and reach of their Digital banking platform. The WIZZIT Smart ESB has been developed over the last 10 years utilizing WIZZIT's extensive experience in Digital Banking. We found that Banks do not want to make changes to their core banking systems to accommodate new functionality; WIZZIT Smart ESB allows integration to new products and services within days rather than months.
The WIZZIT Smart ESB connects to the Bank Channels used by the Bank to allow the customers to access their required services. This includes Internet Banking, all mobile channels as well as branches. The ESB then allows all these services to connect to the Value Added Services (VAS) provided by third parties or from within the banks own network.
The ESB Connects through the following interfaces:
|- ISO 8583 – BICISO, Postbridge and other.|
|EFT Systems/ Settlement system:|
|- SWIFT format files|
|- Local EFT formats|
|- Online EFT formats|
|Native Core Banking:|
|- Native interfaces into core banking system such as FlexCube, Terminos T24, SAP and others.|
|MOBILE NETWORK MOBILE MONEY SYSTEMS|
|Integration the following systems:|
|- Any XML or ISO 8583 or ISO 20022 can be done depending on the Mobile Money operators preference.|
|- MPesa interface|
CUSTOMER INTERFACE LAYER
- USSD – various formats including XML and SMPP are supported.
- Secure interface to App including the management of the security tokens.
- Internet banking XML interface from the Bank.
WIZZIT can also provide the Bank with the APP, USSD and Internet capability where required.
In addition to connectivity the ESB also manages the following:
- Transaction flow management, including the reversals where necessary.
|- The costing of transactions based on a customer profile as well as the originating channel of the transaction.|
The ESB also contains the WIZZIT Security Module ready to meet the Bank and PCI DSS security requirements.
Of all the market segments, the least serviced is the SME market – despite small business being the backbone of any economy. WIZZIT has developed a new tailor-made solution to address this gap.
Introducing the WIZZIT International Smart ESB. Developed over the last 10 years, it’s the ultimate solution for seamless integration with all existing and third party banking systems while maintaining complete security.
We can now offer an exciting range of end-to-end technology products for banks to service retailers and merchants in new ways.