News!: Opus Technologies Launches FinGeniusAI Solutions – An Open Innovation Platform for Building Future-Ready Solutions.. Know More
News!: Opus Technologies Launches FinGeniusAI Solutions – An Open Innovation Platform for Building Future-Ready Solutions.. Know More

Real-Time Payments (RTP)

Modernizing Real-Time Payment (RTP) Solutions on a Global Scale

With our deep industry expertise in money movement — Opus designs, builds, and implements innovative real-time payment solutions that are secure, scalable, and configurable.

Key Challenges Faced by Banks, Credit Unions, and Solution Providers in Deploying Real-Time Payments
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Real Time payments processing infrastructure

Traditional rail infrastructure cannot keep up with customer demand for faster payments.

Increased statics of Real Time Payments

Monolithic architecture doesn't support configurability — this increases the time to market

ISO Standard

Complex integration with the latest technology upgrades, such as operating on ISO 20022 message formats and enabling value-added services

Dealing with complex integration Enterprise

Complex integrations with multiple enterprise systems like core banking, fraud, risk, sanctions, reconciliations, etc.

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Inability to innovate at the pace of disruptive FinTech startups

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Complicated customer journeys leading to inconsistent experiences and friction at the time of payment

Accelerating Innovation to Stay Ahead of the Curve

Fueled by the higher proliferation of mobiles and ever-increasing customer demand for almost real-time settlements, the global real-time payments market is expected to reach $193 billion by 2030. Given the pace of the market, it’s imperative for banks, financial institutions, and solution providers to innovate faster and opt for a digital-first approach. Opus excels at designing, building, and implementing digital-first RTP payment solutions. With years of deep industry experience in delivering integrated and data-rich solutions, Opus reduces time to market for customers and enables them to create differentiated offerings in collaboration with FinTechs and BigTechs.

Our Real-Time Payment Solutions Include

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Designing and building modern payment platforms with the agility to scale up and integrate seamlessly as per the business requirements

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Enabling customer-centric designs, process flow standardization, and workflow automation

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Innovative user journeys with ML-based predictive insights for personalization

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Focusing on a digital-first approach and enabling innovative product development lifecycles through better API exposure

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Simplifying integration with core processing systems such as core banking, fraud, risk systems, sanctions, reconciliations, etc

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Message enrichment through ISO 20022 native and domain-driven architecture design to ensure high availability

Opus Enables Seamless Delivery of Real-Time Payment Solutions

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Accelerates the time to market with highly configurable and scalable business services while ensuring a heavy focus on compliance

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Simplifies monetization with modern API management

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Delivers unique value-added services by collaborating with FinTechs and BigTechs

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Improves customer experience with simplified journeys, frictionless touchpoint interactions, and smart routing

Working on smart device for RTP payments

Enables differentiated use cases, such as bill payments, subscription payments, instant cross-border payments, batch instant payments for payrolls/disbursements, etc

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Offers higher STP rates with process standardization and payment orchestration

Recommended Resources To Explore

Frequently asked questions

Real-time payments (RTP) are made between the bank accounts of a payer and a payee. These payments are initiated, processed, and settled almost in real-time and are available 24 hours a day and 365 days a year.

Real-time payment as a service is evolving at a fast pace. As a result, the stakeholders are continuously pushing the boundaries and enhancing their capabilities. Some of the unique features of this solution are:

  1. Underlying infrastructure to initiate and settle payments instantaneously
  2. multi-layered security framework
  3. APIs for enabling extensible services
  4. Support multiple payment instruments.

Organizations use real-time payments for a range of reasons. One of the key reasons is that it satisfies the customer’s demand for instant access to funds. It enhances the operational efficiency of financial institutions, reduces the risk of fraud, and creates opportunities to offer value-added services.

RTGS, or real-time gross settlement, is a high-value real-time payment system. The underlying infrastructure for RTGS allows instantaneous electronic clearing and settlement of funds.