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INFORemittances | |
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InfoRemittance provides
an interface for managing funds transfer between customer accounts in the same or different banks and also at local or global levels. This interface helps in creation of new transfers, cancellation, revaluation and even matching of transfer instruments. Additional key parts of the functionality include the points discussed below: |
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| INSTRUMENTS | |||||
| Funds Transfer can be done
using both paper based as well as over the wire instruments, including: |
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| ENQUIRY SCREENS | |||||
| The system keeps track of the status of various
instruments e.g. Issued, Lost, Cancelled, Stopped, Stale, Outstanding, Matched. The user can check the status of an instrument by keying in the instrument number in the enquiry screen. Automatic Alerts are also generated in case a lost / stale instrument is presented for |
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| CUSTOMER RELATIONSHIP MANAGEMENT | |||||
| The Customer Information System which is common
across all the InfoSolutions modules captures and maintains relevant Customer Information to provide a detailed profile of the customers relationship with the bank and also keeps a record of the various accounts maintained by the customer with the bank. |
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| STANDARD SETTLEMENTS | |||||
| This module facilitates the reconciliation of the
balance and transactions in the Nostro account. It reconciles the mirror account with transactions reported by the correspondent bank in its statements. The internal data is gathered from the various transactions generated by the front end and matched with the external statement either received on SWIFT or entered into the module through the manual data entry forms. |
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| REPORT GENERATION | |||||
| The system generates a variety of registers and
listing reports that are required for management information. It also generates various customer and bank advices. Some of the key reports generated by the system are listed below: |
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