Host- to- Host Integration (H2H)/corporate to bank connectivity solution makes it easy for banks to exchange data with their corporate clients. The solution supports high-volume data transfer(e.g. transfer and processing of thousands of salary payments) and gives banks the flexibility to adapt to their clients’ formats/systems in addition to their standard formats.
Here are the 5 key things that banks should consider while implementing host-to-host/corporate to bank integration:
Onboarding corporate customers faster
UI based configuration makes it easier and faster to onboard corporate customers with a few clicks. The solution needs to be capable of supporting several data formats out-of-the-box like XLS, CSV, delimited/fixed length formats, XML, JSON, few financial formats like ISO20022 XML formats, MT103, MT940, etc. Additionally, creating custom formats from scratch should be straightforward and easy.
Operational visibility at a BAU level
Scalability and flexibility
The solution should be able to overcome one of the key limitations of SFTP where the data being transferred is written on the disk in a DMZ and hence making it vulnerable for the time it is in the DMZ. One of the ways to overcome this is by leveraging two-way SSL or mutually authenticated HTTPS channels to deliver files to and from the bank. Using API security, trusted IPs, role-based access control further enhances data integrity.