We have created Services (FRM) and enable technology for our customers (industry stakeholders) to build or partner with Fintech to build and deliver Services – to enable value-add and opportunity for additional revenue streams (enable Fintech innovation).
We enable digital payment Infrastructure for stakeholders who need to create an ecosystem of digital payments value chain.
Our Digital Assets deliver next-gen payment requirements across value-chain
RS Accelerators –Frameworks, Software Components, Knowledge Repository, and Digital Assets span SDLC for delivering solutions across the value-chain impacted by Payment Modernization
RS Software has always focused on tracking market trends, assimilating market information, curating them for use case fitments and using this distilled information to keep our products and platforms at the forefront of market evolution. The RS Payments Innovation Lab was set up in 2010 to explore new technologies that were impacting the payments domain. The first area of exploration was geo-fencing of mobile payments that we leveraged for a US based organization. We also built expertise in distributed data management (Hadoop) and developed a cost effective yet faster solution for data transformation and loading. The solution was later deployed for reducing the monthly processing time for one of the largest schemes (Visa) to 25% of the time taken earlier. In the years that followed, we have experimented with various devices and distributed technologies.
The hyper-scale architecture and API-first approach that we had explored using microservices were used to build UPI, the real-time payments for India in 2016, that is now doing billion transactions a month. The RS IntelliEdge™ product that we built for fraud and risk management was implemented in 2019 and is now protecting payment fraud for the entire nation across all electronic channels including real-time payments. To address the soaring demand for real-time payments and bill payments we have built the RS RTPS™ and RS BillAbhi™ product suites. All these products started as business use case solutions nurtured in our Innovation Lab. Very recently, the RS BillAbhi™ solution was presented and received considerable appreciation from Europe and US prospects. RS RTPS™ is being evaluated as a prospective solution for Canada real-time rails.
The goal of RS School of Payments is to bridge the domain knowledge gap of the resources that join the organization. Courses are offered on payments domain and these courses are categorised into 100-Level, Introductory; 200-Level, which is Payment Stakeholder Focused – like Issuer, Acquirer, Network, …; and 300-Level, Specific and Focused – like Tokenization, 3DS2, ACH, ….
Anyone who joins RS Software must attend the Introductory Courses. Based on which project the resource is assigned to work, Payment Stakeholder Focused courses are imparted. At certain interval Payment Stakeholder Focused courses are held and resources across the organisation can attend to gain knowledge. 300-Level courses are typically conducted for specific project engagement as the members need to understand the domain specific nuances as they architect and develop.
Besides conducting courses, RS School of Payments published articles on contemporary market aspects for both payments domain related topics as well as application of specific technology in payments domain.
RS School of Payments also organises knowledge harness and dissemination programs, named Knowledge Share, by organising selecting webinars from payments community at large and also from projects to build a higher degree of awareness in the organisation.
The RS School of Payments maximizes productivity and minimizes learning curves leveraging a best-in-class, time-tested and proven knowledge management system that accelerates learning by focusing on the business functions, technologies and strategies specific to the payments industry.
