Perago originated from the world of central banking. A small team of people decided to form Perago in 1999 to use their know how and experience to build a commercial enterprise focused on financial infrastructure.

Perago is the global leader in financial infrastructure transformation through its central bank expertise, suite of business applications, implementation capabilities and value-added services.

Perago's trademark is its collaborative approach, ideally suited to multi-stakeholder initiatives such as banking industry transformation and regional initiatives.

Competencies

The Perago team has an extensive business and technical understanding of financial infrastructure, including:

• The payment and settlement systems domain, specifically relating to central bank operations, the inter-bank settlement domain and the national payment system in its entirety.
• The financial instrument settlement systems domain, including the business and technical issues that need to be resolved, in order to introduce electronic trading and settlement into the financial markets.
• The complexities of achieving delivery versus payment, which is ensuring that the delivery of goods and the payment thereof takes place without risk to either the purchaser or the seller.
• Central Bank functions, systems and operations, including settlement systems, accounting, foreign exchange dealing, money market operations, economic data manipulation and research, banking supervision, exchange control, bank note and coin management, human resource management, information technology management and administration.
• The legal and regulatory environment, that is knowledge of the legal environment applicable to banking, payments and settlement.
• International best practice relating to payment systems, bank supervision, international payment system models, inter-bank clearing and settlement and electronic money.
• Regional payment system and financial system modernisation initiatives, for example, in SADC.

 

Products & Services

Perago offers highly specialised software products that cover not only the RTGS requirements but also clearing, securities and risk management systems and tools.

perago:rtgs
World’s leading RTGS solution, in terms of functionality, modularity and sophistication.

perago:csd
A Central Securities Depository (CSD) system is a key component of a modern financial infrastructure. Applied to government securities, such a book-entry system becomes an important tool in the hands of the central bank to administer the issuing of government securities and central bank instruments and to support credit extension in the RTGS against eligible collateral.

perago:paygov
Central banks play multiple roles in the national payment system including settlement services provider, overseer, settlement bank, banker of Government and participant. It is in its role as banker of Government that Perago:paygov aims to support the central bank.

perago:clear
Two of the main problems in the retail payments domain worldwide are the reliance on cash and cheques to make retail payments. Changing customer demands for electronic payment alternatives and the efficiencies of “straight through processing” have spearheaded the gradual worldwide move, also in emerging markets, from cash and cheques to electronic payments such as credit transfers and direct debits.