Cheque Digitization

The Future Clearing Scheme under HM Treasury and UK legislation required paper cheques to be processed within 2 days instead of 5. Calsoft was engaged to implement a Message Orchestration system to interact with the banking Central Infrastructure (external) and internal systems to meet this requirement.

The engagement primarily involved:
Setting up digital delivery of cheques
Reducing the cheque clearing time for customers
Ensuring compliance with FCS legislation

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