IBank®

REMITTANCES

IBank® Remittances

IBank-Remittances is an advanced automation solution designed specifically for financial institutions. It is developed utilizing the latest available technologies. Our products is designed to allow for STP processing of inward / outward remittances (including RTGS) requirements of Banks of all sizes.

IBank-Remittances significantly improves the processing functionality for banks by providing flexible customizable operational workflow. Whether operating in a “Centralized” or “Distributed” environment, IBank-Remittances allows the banks to highly automate the approval and control process via advanced business rule based processing based on local requirements. The entire module is configurable via a visual easy-to-use “Business Process Execution Workflow” through which banks can graphically define a multitude of customizable workflows based on business rules for transactions routing.

Overview

Fully SWIFT and RTGS compliant. IBank-Remittances automatically generates appropriate outgoing SWIFT and RTGS messages via an integrated built in SWIFT message generator. Incoming SWIFT and RTGS messages are processed in a Straight-Through-Process customizable workflow.

“SWIFT Direct FileAct” is utilized product to provide powerful and flexible integration capabilities for back office applications that need to exchange FileAct files with SWIFT’s Alliance Access. It allows the back office application to leverage the RMA functionality for FileAct.

Advanced Security & Administration: IBank® security and administration functionality is available in two modes, “Active Directory Integration Mode” and “Native Mode”. Both modes are available within our application and can be utilized interchangeably.

Business Process Execution Workflow (BPEW): IBank® REMITTANCES module embeds a proprietary built in multi-level workflow process for authorization and approval of “Business Logic Centric Tasks. Suspicious transactions tagging and case follow up are simplified. A complete historical workflow of all test cases is stored for future reference.

Multi-Layered / Multi-Site Security: A multi-layered security protocol insuring properly authorized access. Multi-Group participation is provided for back office personnel.

Benefits

• One step entry point for all outward remittances. • Inward Remittances STP for efficient customer service. • Real time compliance monitoring. • Integrated document management & archiving. • SWIFT message archiving (MT1XX/MT2XX) • Automated report generation & distribution. • Integrated advanced customer notification. • Efficient, user friendly and easy to use interface.

 

 

 

 

 

 

BIC  PLUS  /  IBAN  PLUS  

 

                                                   

                     

IBank® Remittances is designed to fully incorporate the newly adopted “BIC PLUS” & “IBAN PLUS” services offered by Swiftref. Automated downloading of subscription files (.txt & XML formats) and uploading them to IBank® Remittances is a seamless operation that acquires no human intervention. All IBank® Remittances related tables (BIC Tables, IBAN tables etc.) will be updated automatically. Moreover automatic generation of “Tag 70” with the appropriate “Final Payment Purpose Code” with additional information is fully handled. Automated cross-referencing of purpose codes with “National Central Banks” proprietary published purposed codes is performed for regulatory reporting purposes.

 

 

   

Dynamic  Data  Mapping  

ETL  Functionality  

                 

                                 

                                   

IBank® Remittances is designed with an integrated “Dynamic Data Mapping” utility for “Extract / Transform / Load”. By utilizing the embedded utility, users can directly link SWIFT Tags to user defined file formats. The utility performs extensive data integration validation rules to insure that transformed data is compliant with SWIFT rules.

ETL functionality can be utilized for incoming and outgoing SWIFT messages integration.

Moreover the Dynamic Data Mapping functionality allows for the definition of new flat files format for future integration without the need for additional development.

Message  Archiving  

(Optional  Add-­‐On  )  

 

                                                   

                     

IBank® Remittances archives all incoming and outgoing SWIFT messages within an embedded data warehouse. SWIFT message are stored for auditing in data BLOBS. MT messages are further broken down into the basic “tags”, thus allowing for advanced query functionality and reporting. Data drill down functionality on any combination of these data items is available:

- Message - Reference tag - End To End Reference tag - Loaded file Name - Beneficiary BIC Code. - Paying (Name / Account / IBAN) - Beneficiary (Name / Account / IBAN) - Amount - Value Date - Etc…

 

 

   

Design Architecture

“Incoming Messages”

Architecture:

IBank-Remittances Flexible Configuration supports multi-national, multi-branch installation, as well as distributed and centralized processing configurations.

IBank-Remittances “Incoming Messages “ Flow:

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Design Architecture

“Outgoing Messages”

IBank-Remittances “Outgoing Messages “ Flow:

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RTGS Support

RTGS functionality is fully integrated within the IBank-

Remittances module. The functionalities offered automatically detects local SWIFT messages (MT103) and converts required tag to be RTGS compliant.

Compliance Lists

• Multiple user selected compliance lists loading for thorough validation.

• Multiple loading protocols “CSV”, “XML”, “ Manual Additions”, “MS Excel” etc.

• Bi-Lingual (Arabic / Latin) compliance validation.

• Utilizes advanced phonetic algorithms for detection.

Compliance lists real time validation is one of the major daunting tasks that faces customer relationship manager nowadays. In order to facilitate the compliance procedure IBank® REMITTANCES allows the validation and checking of “Customers” against a user defined selection of compliance lists i.e. OFAC, UN, BOE, DNFS , FATF , National Central Bank, EU List, Own Institution List). Our compliance name checking search engine is designed utilizing “Fuzzy Logic” methodology in order to accurately validate “Arabic” naming schemes i.e. “Composite First Name”, “Composite Family Name”, “Proximity Names” etc. The name checking is performed utilizing “Metaphone 3” the latest and fastest search algorithm.

Compliance list positive hits will automatically initiate a “Compliance Case Workflow” for follow up.

IBank® REMITTANCES offers also the extra functionality of “White List” definition, whereby screened clients that are approved by the “Compliance Department” even if they are red flagged during the Due Diligence cycle they will not trigger an alarm or notification thus alleviating the compliance departments of unnecessary extra tasks.

SWIFT Compliance & Regulatory Reporting

• Maintains a Wide set of user defined Parameters.

• Automated reports distribution via email (PDF).

IBank® REMITTANCES AML/CTF regulatory reporting functionality are rendered extremely manageable. Compliance bodies’ regular requirements covering remittances (incoming/outgoing) & FATF Countries are automatically reported.

Transactional Threshold Reporting: National Central Banks regulatory requirements currently dictates transaction based thresholds, covering different types of operations. Our REMITTANCES Reporter insures that compliance of these requirements is met constantly and in an automated manner. SWIFT Compliance:

Fully SWIFT compliant, with all network validation rules and pre-configured SWIFT output built into the product. IBank-Remittances interfaces to SWIFT devices for both outbound and inbound messages. The system provides complete processing capabilities for MT103, MT 202 (with RTGS functionality), MT202 Cover.

Integrated Notification

• Advanced Notificaiton functionality.

• Can integrate with existing SMS Push notification.

• Multiple Formats

IBank® Remittances Notification Services, is a cross functional facilities that can be utilized for internal as well as customers notifications via any of the following delivery channels:

• SMS • E-Mail • Mobile Banking (IMobile Module Integration). • Physical Media (Printouts). • Connectivity to third party CRM module

(Optional).

Notifications can be effected for both inward and outward remittances.

BPEW

• Business Process Execution Workflow proprietary Engine.

• User selectable criteria. • GUI Workflow Processor

Modeling. • Implemented throughout all

modules. • Unlimited Workflow

Processes definition. • Workflow Viewer

functionality (locate process within Workflow streamline).

• Documents & Reports can be attached to workflow cycles.

• Multi-Location / Multi Sites functionality.

Business Process Execution Workflow:

“Business Process Execution Workflow” BPEW is implemented throughout our REMITTANCES module allowing for thorough compliance tickets reporting, escalation, management and closure. Our proprietary “Business Process Workflow” engine is designed to span multi-locations. Advanced WYSIWYG functionality workflow definition and deployment. BPEW functionality can produce a documented printout that can be utilized for further business process documentation.

About us

The Company TURNKEY SYSTEMS sarl is a leading software house in

Lebanon that was established in 1988. TURNKEY SYSTEMS specializes in retail banking and large corporate business application integration. Currently our banking, financial & retail applications are running in various banks and around 40 corporates. Turnkey Systems sarl currently operates in Lebanon, Jordan and Cyprus.

Our technical staff today numbers 25 highly trained Project manager/developers who combine higher education with experience. In addition to the technical staff, we have a team of six administration employees and an IT security officer.

Turnkey Systems sarl have been ISO certified since 2004. Currently our establishment is ISO 9001:2008 Quality Management Certificated for IT Development. Currently we are registered to obtain the ISO 17799 Certification regarding IT Security, we expect to fulfill the certification requirements during the second half of 2015. Our main GUI development platform is Sybase PowerBuilder. Our Web Development is platform is Microsoft Silverlight. Within our staff we have two certified CITRIX administrator to insure the compatibility between our applications and the deployment of CITRIX environment for centralization or Web deployment.

TURNKEY SYSTEMS services falls basically into four categories:

- System Integrators: Offering consultation covering requirement studies, hardware specifications, tendering and selection, design of organizational procedures and workflow re-engineering.

- Application Development & Implementation of turnkey software applications.

- Wide Area Network design, implementation and commissioning.

- IT outsourcing for banks and large companies. Currently we are running 5 IT sites.

Headquarters: Beirut - Lebanon 7th & 9th Floor – Aresco Center -

Justinian Street - Near Central Bank Tel : +961 (01) 352485 / 344009 +961 (03) 292905 Fax : +961 (01) 347423 Email : turnkey.admin@turnkey-sys.com Contingency Site: Beirut – Lebanon Dana Bldg –Emile Eddeh Street Office Hours: M-to-F 8:30 till 16:00 Beirut Local Time.