Announcing IBAS CV – Payment Cover Matching System. IBAS CV makes it possible for IBAS User Banks to monitor, check and match payment instructions awaiting cover, in real-time.
Determined by predefined rules, payment instructions can either be automatically held by the IBAS PWH - Payments Warehouse System ‘pending cover’ queue whilst awaiting verification that cover has been matched, or routed for manual processing. This automated workflow drives down risk and reduces the delays typically associated with payments moving across regions, countries and currencies. IBAS CV further automates the payments operation and helps IBAS User Banks to increase transparency, both in the back office and in communications with their counterparties and customers.
For further information about IBAS CV and the IBAS GBF suite of product solutions, please contact your CBA representative.
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