NoviX Suite / Payments

CTS, NACH, RTGS/NEFT and IMPS on one payments hub.

Cheque clearing, mandates and fund transfers run straight through the core, and AI-assisted N-way reconciliation proves every entry before the day closes.

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In brief

The Payments group connects the bank to clearing and settlement networks and then proves that every entry agrees. Four payment products move the money and Reconciliation confirms it.

Built for

Operations, clearing and finance teams

Participation

Direct members and sponsor-bank routes

Works with

FinWiz or your existing core

Payment products

Four rails, handled end to end.

Each product manages the full cycle: initiation, files or messages, posting, returns and reporting.

CTS

Cheque truncation with continuous clearing

Handles the complete cheque lifecycle on images, for direct members and sub-members. Cheques are presented and settled in continuous cycles through the day, so customers receive funds sooner.

Outward clearing

Scanning with MICR and data capture
Image quality checks before presentment
Clearing file generation and submission
Tracking of each cheque to realisation

Inward clearing

Image-based technical verification
Signature and positive pay checks
Automatic posting to accounts
Return processing with reason codes

Continuous clearing

Cheques sent as they are scanned
Confirmation within the response window
Settlement through the day
Live status for branches and customers

NACH

H2H, E-NACH and mandate management

Manages recurring collections and payments at scale, from the first mandate to the last instalment, for both sponsor-bank and destination-bank roles.

Mandate management

Paper and electronic mandate registration
Amendment, suspension and cancellation
Acceptance and rejection workflows
Full mandate history for each customer

E-NACH

Online mandate authorisation by the customer
Net banking, debit card or Aadhaar authentication
Embedded in loan and onboarding journeys
Real-time mandate status

H2H processing

Host-to-host file exchange, no manual upload
Debit and credit presentation files
Automatic posting of responses
Returns and re-presentation handling

RTGS / NEFT

High-value and batch transfers

Customer and branch initiation, message exchange, real-time posting and automatic handling of returns, for direct members and sponsor-bank routes.

IMPS

Instant transfers, around the clock

Simple API integration with your sponsor bank, real-time debit and credit posting, and status checks and reversals handled automatically.

Reconciliation

N-way reconciliation, with AI doing the matching.

Most tools compare two files. Novillex Reconciliation matches any number of sources against each other in one pass, and uses machine learning to resolve the entries that rules alone cannot.

One engine for every payment rail, channel and account
Your team reviews exceptions, not transactions
Books proven and ready before the day closes

Core banking entriessource

Switch and channel logssource

Clearing and settlement filessource

Sponsor-bank statementssource

Rule-based and AI matchingmatched

Unmatched itemsexception queue

N-way matching

Reconciles two, three or many sources together, not in pairs.

Configurable rules

One-to-one, one-to-many and many-to-many rules set up without coding.

AI and ML assistance

Suggests matches for unclear entries and learns from how your team resolves them.

Any file format

Reads statements, network files and reports through configurable templates.

Exception workflow

Routes unmatched items to owners with ageing, notes and escalation.

Auto-adjustment

Proposes correcting entries and posts them after approval.

Dashboards

Shows match rates, open items and settlement positions at a glance.

Audit-ready

Keeps a full trail of every match, override and adjustment.

Benefits to your bank

Operations that close on time, every day.

Straight-through processing removes the manual steps where errors and delays begin.

Straight-through processing

Payments post without manual entry.

Faster day-end

Matching finishes before the day closes.

Fewer errors

Automated files and validations remove re-keying mistakes.

Clear audit trail

Every payment and match is recorded.

Lower operating cost

A small team manages high volumes.

Ready for new rails

The same framework extends to additional payment systems.

Also in the NoviX Suite

Close your books with nothing left to chase.

See a full clearing day posted and reconciled in the demo.

Book a Demo

See the NoviX Suite working on your own products.

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