Speridian Technologies Interview Questions, Process, and Tips

NEFT and RTGS messages are of two types: Customer Transfer and Interbank Transfer.

• NEFT messages can be of two types: Customer Transfer and Interbank Transfer.

• RTGS messages can also be of two types: Customer Transfer and Interbank Transfer.

• Customer Transfer messages are used for transferring funds between accounts of different banks for a customer.

• Interbank Transfer messages are used for transferring funds between accou...read more

Correspondent Party refers to a bank or financial institution that provides services to another bank or financial institution.

• Correspondent parties facilitate international transactions between banks

• They provide services such as wire transfers, foreign currency exchange, and clearinghouse services

• For example, Bank A in the US may use Bank B in Japan as a correspondent party to facilitate a transaction with Bank C in Ja

Payments refer to the transfer of money from one party to another for goods or services rendered.

• Payments can be made through various channels such as credit/debit cards, online banking, mobile wallets, etc.

• The architecture of payments involves multiple layers such as payment gateway, acquiring bank, issuing bank, and card networks.

• Payment architecture also includes security measures such as encryption, tokenization, a...read more

Cut off is used to define the end of a transaction.

• Cut off is a point in time after which any transaction will be considered for the next day's processing.

• It is used to ensure that all transactions are processed in a timely manner.

• For example, a bank may have a cut off time of 5 pm for processing transactions for the day.

• Any transaction made after 5 pm will be processed on the next business day.

Finding a subset of k elements from an array and generating permutations of a string.

• Use a combination algorithm to find all possible subsets of k elements from the array.

• Use a permutation algorithm to generate all possible permutations of the selected string.

• Combine the two algorithms to generate all possible permutations of k elements from the array.

• Ensure that the array contains only strings before generating permut