We handle all clearing and switching through NIBSS.
The fast-paced world of inter-bank transactions, like cheques and electronic transfers, demands a modern clearing system. PFS deployed the excellent ACH switch to the Nigeria Inter bank system (NIBSS) in 2017 which has ensured that the system has speeded up how banks process these transactions, reducing the time it takes to complete them. It also offers extra services like providing information to banks and their customers. This ultimately improves efficiency and customer satisfaction in banking operations.
We deliver strategic, transformative, and simple solutions that empower our clients to thrive both today and in the future.
- Value Chain
Switching Technology [Local and International]
Facilitate processing of both single and bulk payment transactions, instantly.
Ensure value delivery to both bulk and single transaction beneficiaries, real-time.
Enable value availability for institutional and private payment customers, 24/7.
Eliminate clearing house related payment fraud by 100%.
Offer the citizens a payment solution that can be trusted as cash.
- Client success in Risk Management and Compliance
Expected loss reduction
We assisted a leading commercial bank with risk management and compliance, resulting in reduced exposure, lower pilferages, and increased profitability. After consultation and deployment of automation tools, we successfully reduced the client’s exposure by over one-third and mitigated expected losses by approximately 85%.
Uplift
A global bank partnered with us to enhance its accounts reconciliation process, which improved its asset and liability management operating models and liquidity. Through this transformational engagement, we revised the client’s behavioural models and reporting strategy.
Banks
We designed and implemented a global integrity and compliance process for banking operations that has improved customer satisfaction. The program focused on implementing processes and deploying simple automation tools in bank branches, thus strengthening process compliance through a connected network architecture. Through diverse communication, training, and enablement initiatives, we engaged all employees on the path to achieving sustainable culture change.
Client results
Explore our success stories to see how we have helped businesses like yours overcome challenges and achieve tangible results.
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