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Here is why Australian Settlements Limited uses IBM Cloud in Preparation for New Payments Platform




I have a pleasure to recall that, Australian Settlements Limited (ASL) provides members, including building societies, credit unions and mutual banks, efficient settlement and transaction processing services. The New Payments Platform (NPP) is an industry-wide initiative to develop new national infrastructure for payments in Australia.
(ASL) Australian Settlements Limited selected a hybrid cloud solution from IBM that leveraged IBM PureApplication Systems as well as IBM expertise to help build the New Payments Platform (NPP) solution.
As a result, the IBM hybrid cloud team designed the IBM NPP Accelerator to deliver the pre-requisite IBM Middleware, third party packaged payments application and Society for Worldwide Interbank Financial Telecommunication (SWIFT) supplied software componentry for secure financial messaging.
One can also observe that, the solution also comprises IBM MQ messaging software, IBM Websphere Application Server to underpin the payments applications and IBM Hardware Platform in the form of the PureApplication Systems delivering compute, network, storage and the pattern engine which enables the full NPP production software stack to be deployed in under 60 minutes.
The SWIFT NPP Basic Infrastructure will deliver a greater connectivity between NPP participants and control over processing the flows of payments and settlements.

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