Touchstone
What is the value proposition?
Touchstone will reduce your processing costs as soon as you go live and the ROI is extremely fast.
Swift estimates that STP rates on cross border transactions are approximately 35%. Touchstone will increase this to more than 80%, meaning that the cost of transaction repair and charge-backs from correspondents are immediately reduced.
Exceptions and Investigation time and costs will also be reduced significantly and customers will enjoy a greater level of service. The automation of the process internally within
the bank will also reduce transaction processing cost, allowing resources to be re-deployed and further enhance customer service levels.
The speed of integration also reduces the cost of delivery of the project, speeding up the ROI benefit and the fact that our services are subscription based means that we are able to ease the acquisition process by using the operating budget as opposed to the capital expenditure route.