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Payments
Payments
is a traditional domain for STP Toolkit. STP Toolkit works on
ALL message types in ALL message formats. This includes SWIFT,
Fax, Telex, EDIFACT, Email, Paper and Custom message/formats.
It uses advanced AI based technology to increase STP rates beyond
those achievable by traditional technology and customer education.
It works equally well for inbound and outbound messages. STP Toolkit
essentially eliminates errors by using advanced message repair
techniques.
Drivers...
Securities
The
need for STP has not been felt harder than in the Securities industry.
Within the next several years alone, the industry will extend
trading hours and demand next day settlement (T+1). With the securities
industry consolidating and the coordinated efforts for STP by
participants crystallizing into an Industry-wide phenomenon, STP
Toolkit has carved out a unique proposition for itself by providing
outstanding capabilities to further augment end- to- end STP.
Drivers...
EAI
Enterprise
Application Integration (EAI) has become all the more relevant
in recent years due to globalization of business and the attendant
need to handle multifarious data and data formats. Organizations
have to increasingly deal with different formats and standards
to be able to indulge in the lucrative cross-border business.
To be able to handle the various formats, the options available
are expensive inefficient manual intervention or an automated
approach that has proven to be be far more efficient and effective.
Drivers...
Anti-Money
Laundering
A
burden has been placed on financial institutions The growth in
global terrorism has further burdened financial institutions as
Governments world-wide have increased their surveillance of financial
transactions in order to track monies being transmitted for drug
trafficking, tax evasion and global terrorism. While the letter
of the law may differ between countries, the spirit of regulatory
intervention is uniform: To hold financial institutions responsible
and accountable if they have been a party, however unwittingly
to a criminal transaction or terrorist activity.
Drivers...
FAX
and Free-form Messaging
While
the industry is gearing up to develop a consensual messaging standard,
there is still the processing challenge for unstructured messages
like free-form fax and telexes that take up over 20% of message
volume. Fax Assistant by ACE effectively converts free-form Fax,
Telex, Email, etc. to structured SWIFT, EDIFACT, FIX, etc. message
formats thus enabling automatic processing of unstructured messages.
Drivers...
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