"AccessPay enables Imperial College London to save upwards of £50,000 per year with a cross-border host-to-host bank connection."
Optimising financial operations begins with Bank Connectivity
AccessPay is the universal integrator for your financial ecosystem, bringing you true interoperability.
Why Bank Connectivity?
Bank Connectivity for Financial Services
Efficient and secure financial operations are crucial for organisations in the Financial Services industry; forming the foundation of their customer offerings.
But achieving efficiency through streamlined processes and automated payments is a complex undertaking. AccessPay is the perfect partner to enhance your customers’ experience:
- Streamline data exchange for faster and more accurate payment processing
- Automate manual processes, such as logging into bank portals, to reduce security risks and human error
- Implement robust fraud and error measures across your existing processes through our Fraud & Error prevention suite
- Unlock true cash visibility through Automated Bank Feeds
- Gain deeper insights and improved analytics into to your financial data, allowing you to provide a more tailored offering to your customer base
Bank Connectivity for Corporates
Driving efficiencies in financial operations can be time-consuming and resource heavy. The lack of connectivity between back-office systems and your banks makes manual processes all but inevitable.
The alternative: Working with a trusted solution provider who acts as a strategic partner in connecting your financial ecosystem. AccessPay delivers efficiency and interoperability to your teams with minimal disruption.
- Consolidate siloed datasets and streamline data exchange for fast payments and accurate processing
- Automate manual processes, such as logging into bank portals, to reduce security risks and human error
- Integrate payment controls, user permissions and security measures with our Fraud & Error prevention suite to aide compliance and prevent fraud
- Speed up your bank statement retrieval process with Automated Bank Feeds so you can make faster, more informed strategic decisions with your cash
Rob Leech
Financial Systems Manager at Imperial College London
Working with AccessPay
Bespoke offering
Partners in ensuring compliance & mitigating risk
Optimise existing tech stack
Work with trusted partners
Bespoke offering
At AccessPay, we offer more than just software. Our consultants deliver a solution that best fits your financial tech stack and banking estate.
We recognise the importance of financial operations that can grow and scale as your company does. AccessPay is your strategic partner, taking you from workflow automation to seamless interoperability.
Partners in ensuring compliance & mitigating risk
With emerging regulatory requirements and the prevalent threat of financial fraud, it has never been more critical for finance teams to have appropriate compliance and fraud prevention measures in place.
AccessPay are at the forefront when it comes to payment fraud prevention, risk mitigation, compliance, and evolutions in financial messaging standards.
Achieve efficiency through streamlined processes and automated payments with Bank Connectivity
Optimise existing tech stack
Choosing and implementing financial technology is complex and resource intensive. AccessPay work to optimise your tech stack rather than simply adding to it.
Through advanced data transformation, bank connectivity solutions, and bespoke workflows, we help make sure your systems are working collaboratively and you have a connected banking estate.
Work with trusted partners
AccessPay are leading experts in payment automation & bank data transformation in the UK. With backgrounds in banking, FinTech and payments, our team are truly experts in the ins and outs of financial messaging and banking.
All our customers work with a dedicated implementation consultant who will scope out the project. After onboarding, you’ll also benefit from a Customer Success Manager as your partner in ensuring you continuously drive value from the AccessPay platform.
Integrations
We seamlessly integrate your financial tech stack with your banking estate, delivering true connectivity and automation.
How we integrate
Most finance applications do not integrate readily with banks. Payments and statement file formats and their readability by various back-office systems vary greatly.
Building secure connections to banks and payment schemes requires your finance systems team to manage various systems, banking relationships, and payment types. This can be especially challenging when multiple back-office systems and different banks are involved.
Here’s how we help:
Connecting to BACS and SWIFT
As an accredited software provider we integrate your ERP and back-office systems for streamlined BACS (domestic payments) and SWIFT (international payments) payments processing.
Connecting via the SWIFT or BACS networks allows for a ‘bank-agnostic’ connection with access to 10,000+ financial institutions.
Host-to-Host (H2H)
AccessPay’s Host-to-Host (H2) service establishes a connection with your bank(s) to allow direct transmission of payment instruction files and retrieval of payments status reports and statements, securely over the internet using the Secure File Transfer Protocol (SFTP).
AccessPay’s H2H enhances your payments and statement processing pipeline and enables straight-through processing and automation.
API
True bank connectivity should allow customers to seamlessly transfer data, and that is exactly what our API does. AccessPay’s API allows users to send and receive payments and statements in file and JSON format, acting as a conduit though which we can feed you payment and statement data.
Regardless of how we receive the data from your banks, our API allows us to feed it through to your ERP or back-office systems so you can configure the data in a way that makes sense to you.
"We’re looking to move all of our processes to cloud-based solutions by 2025; and AccessPay aligns with our company objectives, plus we don’t have to worry about future transaction fees, it scales with us."
Chris Allison
Project Manager at Admiral Insurance
Frequently Asked Questions
Which payment file formats is AccessPay compatible with?
AccessPay is compatible with any payment file format due to our in-built file transformation engine; which can process any common format like CSV, Standard18 & PAIN files alongside less common formats.
Which banks does AccessPay connect to?
AccessPay can connect to any SWIFT member bank and supports direct connections to all tier 1 and 2 banks capable of supporting a host-to-host connectivity service.
We currently support host-to-host connectivity projects with Barclays, HSBC, JPMorgan, Citi, RBS, Societe Generale, Lloyds, Standard Chartered and many more.
What are the costs involved?
AccessPay doesn’t charge transaction fees. Instead, we operate on a flat, annual subscription model, plus a one-time professional services fee of 25% to cover initial set up costs.
Your bank will also charge separate fees for initial set up and maintenance on their end.
What payment controls does AccessPay support?
- Automatic upload and transformation of payment files
- Automatic validation and authentication of payment files
- Customisable approval workflows and strict user access management controls
- Automatic file encryption and data masking
- Real-time visibility over payment file statuses alerts specified users to files that require attention
How many banks can AccessPay connect to in one instance?
There isn’t a limit on the number of connections we can manage for you.
If you require multiple bank connections, we will work with you to scope out a phased project plan that meets your timescales and requirements.
How does AccessPay connect to my back-office applications?
AccessPay can connect to all of the finance applications you use to generate payment files or input transaction data in to via a choice of sFTP or API.
Access to our API documentation is available on request.
Ready to begin optimising your financial operations with Bank Connectivity?
Partner with AccessPay now to connect your financial ecosystem and enhance your customers’ experience.