Logica Launches Logica Q-NG - The Payment Hub

Logica, a leading business and technology service company, has launched ‘Logica Q-NG’- a comprehensive solution to ease the complexities that banks deal with multiple and disparate systems. It is based on the unique and proprietary Logica HUT model of payments that is capable of processing tens of millions of transactions per hour. Logica Q-NG simplifies payments across the organisation and makes it easier and simpler to manage payments, irrespective of their type.

Flexibility of the payment hub and its interoperability with the enterprise, which typically has a blend of legacy and the newer generation systems such as mobile banking channel, is of utmost importance to the bank. Logica Q-NG, with its state-of-the-art enterprise service bus, is well equipped with this capability.

Logica Q-NG enables the processing of every payment type, both current and future, using the most optimal routing and processing methodology. Because of its hub based framework, minimal effort is required in setting up new payment types which can then be easily integrated into the system.

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“The payment ecosystem is evolving rapidly and banks need robust systems in place that can deal with growing volume and complexities.” said GBS Bindra, Global Director of Innovation & Managing Director – Logica India. “Logica Q-NG is such an innovation that not only addresses the complexities of Indian Payment landscape but also possesses capability of responding faster to client demands,” said Bindra.

Logica Q-NG will capacitate the banks to have a competent payment hub to cater to all kinds of payments viz. batch payments, high care payments and high speed payments while supporting high volume processing. It also provides best in class business intelligence to give range of insights, centralised application lifecycle and fraud management.