Payments

Our messaging, standards and services connect you to your counterparties worldwide

Service Bureau

Digital Systems offers a fast, cost-effective entry to SWIFT through its fully managed DS SWIFT certified Service Bureau for banks, broker dealers, fund managers, central depositories, clearing houses and other financial institutions looking at outsourcing certain components of their connectivity to the SWIFT Network. Outsourcing non-core activities via Service Bureau gives to you the freedom to focus on your core business and enjoy cost savings.

The Service Bureau operate the connection to SWIFTNet and possibly the SWIFT interface on your behalf. Software as a Service in a Service Bureau is a new model where Service Bureau operates for you your SWIFT Software Business application and you can focus on your primary scope of business.

DS SWIFT Certified Service Bureau is one of the first Service Providers that offer Software as a Service (SaaS) via Service Bureau. This service presents the customers the outsourced service Software as a Service in the Service Bureau (SaaSSB), where the customers costs for technical providing and operation of services and connectivity fall off. Within this model, services such as E&I, Cash Reporting, Middleware etc... can be introduced to you, where you can see the possibility of lowering your TCO and turning the investment costs into operation costs.
DS SWIFT Certified Service Bureau offers many models for connection and accessing SWIFTNet and Software Business application in manual or automated modes on shared cost basis. This choice will depend upon volumes, modes of operation and existing infrastructure in the institution. DS SWIFT Service Bureau is SWIFT certified and was awarded the SWIFTReady Solution Provider Label.
  • Low up-front costs
  • Guaranteed quality and level of service SLA
  • You can focus on your core business
  • Decrease of total cost of ICT
  • Improved efficiency at lower costs
  • Transfer investments risk in to operation
  • Availability of experts from many IT areas
  • Scalable service for processing from few messages to thousands
  • High-level end-to-end security
  • Redundant systems at two data centers for immediate backup and recovery
  • System operated and monitored by the local SWIFT Experts
  • Easy integration with existing in-house systems
  • Modular concept based on cutting-edge technology and standards
  • Continuous updates to ensure compliance and future proofing of new technology
  • Full support of SWIFT Alliance Access or Entry (SAA/SAE)
  • Full support to SWIFTNet via SWIFT Alliance Gateway (SAG)
  • Full support to SWIFTNet via SWIFTNet Link (SNL)
  • Value added product and services operated in DS Service Bureau
  • FIN and XML message support
  • All necessary software, hardware and connections are maintained by and in DS Service Bureau
  • Easy integration with your in-house systems and network
  • Ability to outsource SWIFT Disaster recovery facilities in DS Service Bureau (optional)
  • Full support for SWIFTNet Fin, FileAct, InterAct and Browse services
  • Plugins to further automate your SWIFT network and processes (optional)
  • Easy-to-use intuitive graphical user interface for manual processing
  • Platform independence through use of cutting-edge J2EE
  • Use of industry standards with a focus on high scalability and flexibility
  • Security of data, connections and integrity of messages
  • Experts assistance for all your SWIFT installation, implementation, training and configuration

Exception & Investigation

At present, exceptions and investigations are handled manually in most back-offices. The obvious reason is the excessive use of SWIFT free format messages for such purposes: 90 percent of exceptions and investigations are backtracked by MTx99 format messages! Therefore, banks are faced with rising costs caused by laborious processes, not to mention associated operational risks and the well-known effects on service level quality.
In the future, the new SWIFT Exceptions and Investigations messages in XML format will increasingly make the handling of exceptions and investigations easier. SWIFT's associated new set of rules is specifically designed to offer fully standardized communication between counterparties to all who use this service
MSIT-EXIN for faster responses
MSIT-EXIN by Management Solutions IT is one of the first SWIFT E&l applications to handle the full lifecycle of an investigation automatically. For cases that still require manual user intervention, MSIT-EXIN provides an intuitive graphical user interface allowing easy identification and processing of such messages.
MSIT-EXIN is a standard solution that uses proven technology and is designed for easy adaptation to your organization's specific needs. MSIT-EXIN complies with SWIFT E&l requirements: its level of standardization allows you to use it in your production environment within the shortest possible time. You leverage all advantages of SWIFT E&l by combining the relevant SWIFT components with MSIT-EXIN components by Management Solutions IT. All components are designed with the banking industry's business requirements in mind:
MSIT-EXIN supports all identified SWIFT E&l business processes. MSIT-EXIN is SWIFT certified and was awarded the SWIFT Ready Application Exceptions and Investigations 2008 Label.
  • Compliance with accepted industry standards
  • Secure communication channels
  • Real straight-through processing
  • Improved efficiency at lower costs
  • Higher customer satisfaction through better service
  • Quick Hit automatic answers to queries
  • Pre-defined solution designed for SWIFT E&I
  • Better inquiry response time and quality
  • Faster exception handling
  • In-time resolution of all pending exceptions and investigations
  • Full lifecycle support for exceptions and investigations
  • Easy integration with existing in-house systems
  • Modular concept based on cutting-edge technology and standards
  • Single platform for all MSIT SWIFT applications (MSIT-EXIN and MSIT-CARE for cash reporting)
  • Full support of SWIFT Exceptions and Investigations
  • End-to-end management of investigation lifecycle
  • Case and message management functionalities
  • Use of adopted standards for the processing of SWIFT E&l
  • Flexible parameterization for easy customization and rapid implementation
  • Seamless integration with existing bank systems
  • Data import and export functionalities using state-of-the-art methods (flexible DB or API definitions)
  • FIN-and XML-message support
  • Add-on capability to enhance existing investigation solutions
  • Multi-entity architecture in a single system (for company-wide use in subsidiaries, branch offices, ...)
  • Multi-language support
  • Easy-to-use intuitive graphical user interface
  • Platform independence through use of cutting-edge J2EE
  • Communication with SWIFT via SAG/SAA or other EAI applications
  • Use of industry standards with a focus on high scalability and flexibility
  • Connection to email and other communication gateways (optional)

Middleware

Intelligent Enterprise Adapter for SWIFT takes the chores out of integrating securities-related trading and settlement systems with other enterprise applications and third-party trading partners. DS EAI - Middleware is the result of combining this experience with latest Technologies

Digital Systems EAI - Middleware Suite is a business-integration solution which optimizes creation of integration projects. DS EAI - Middleware reduces the complexity of financial EAI and deliver rapid return on investment through simplified architectures, and lower initial and on-going costs. DS EAI - Middleware as a technical solution is connecting applications and systems that need to be integrated with external financial systems and networks of your customers or partners.

DS EAI - Middleware is integrated messages platform for financial services. It is easy way how you can automate manual processes to improve end-to-end processing, reduce errors, and reduce costs by eliminating manual processing. Digital Systems is positioned to deliver the next-generation enterprise integration solutions that are capable of meeting these demands. One way how you can operate DS EAI - Middleware is DS SWIFT Certified Service Bureau for SWIFT Software Business application
  • Compliance with accepted industry standards
  • Data Dictionary approach
  • Minimize and reduce errors
  • Improved efficiency at lower costs
  • Higher customer satisfaction through better service
  • Quick Hit automatic answers to queries
  • Conversion between swift and non-swift messages
  • Better inquiry response time and quality
  • Solution which can handle SWIFTNet MT, MX, NonSWIFT messages
  • Modular system with new technology and standards
  • Easy integration with existing in-house systems
  • Modular concept based on cutting-edge technology and standards
  • Single platform for connecting SWIFT and non swift applications
  • Better inquiry response time and quality
  • Full support of all FIN and XML messages
  • Support for messages validated rules
  • Message management functionalities
  • Easy integration with your in-house systems and network
  • Flexible parameterization for easy and rapid implementation
  • Data import and export functionalities using state-of-the-art methods (flexible DB or API definitions)
  • People independence
  • XML based configuration model allows easy scalability
  • Can by operated via DS Service Bureau
  • Add-on capability to enhance existing investigation solutions
  • Multi-entity architecture in a single system
  • Multi-language support
  • Easy-to-use intuitive graphical user interface for manual processing
  • Platform independence through use of cutting-edge J2EE
  • Use of industry standards with a focus on high scalability and flexibility
  • Security of data, connections and integrity of messages
  • Connection to email and other communication gateways (optional)

SEPA Gateway

SEPA GATEWAY is entirely automated cloud based powerful solution providing an efficient and cost-effective payment management. This payment solution is designed for financial institutions wishing to connect to SEPA Clearing and Settlement services through National Bank of Slovakia.

SEPA Gateway - Functional Highlights
  • Fully automated payment processing with IBAN and BIC
  • IBAN account opening and management
  • SEPA payment initiation and processing
  • Mass payments
  • Sophisticated secure file conversion, formatting and enrichment
  • Reducing the number of rejected payments and possible manual interventions because of accurate data format and content standards
  • Data validation tools to validate BIC and IBAN and to convert legacy account details to valid SEPA content
  • Secure cloud based solution with back-up and disaster recoveries
  • Enabled integration with your systems using an API

Cash reporting

Banks and large international companies have an increasing interest in practicing optimal Cash Management. Liquidity has to be available at the right time, in the right place and in the correct currency. Because of the lack of flexibility and automation in the present data transfer via FIN messages, banks and international companies cannot meet the expanding requirements of liquidity control. As the correspondents need real-time access to the accounts, the optimization of Cash Management and especially of liquidity control is a distinguishing factor to secure your competitive advantage.

In the future, the new SWIFT real-time Cash Reporting messages in XML format will increasingly make the availability of real-time account and transaction information easier. SWIFT's associated new set of rules is specifically designed to offer fully standardized communication between all counterparties
MSIT - CARE for faster information
MSIT-CARE by Management Solutions IT is one of the SWIFT real-time Cash Reporting applications for providing faster and real-time account and transaction information. MSIT-CARE provides an intuitive graphical user interface allowing easy identification and processing of account and transaction information. MSIT-CARE is a standard solution that uses proven technology and is designed for application integration to your organization's specific needs. As MSIT-CARE complies with SWIFT real-time Cash Reporting requirements, its level of standardization allows you to use it in your production environment within the shortest possible time. You leverage all advantages of SWIFT real-time Cash Reporting by combining the relevant SWIFT components with MSIT's cutting-edge components and innovative solutions such as acting in the provider and/or user position. All components are designed to meet the banking industry's business requirements.
  • Optimization of balances
  • Earlier exception handling
  • Shorter reconciliation cycles
  • Improved risk management
  • Tracking of status of the cash
  • Higher customer satisfaction through improved customer service
  • Global reach with a worldwide cutting-edge standard
  • Bank application integration
  • Easy integration in existing in-house systems
  • Faster and real-time account and transaction information
  • Use of industry standards with a focus on high scalability and flexibility for all your needs
  • Enables real end-to-end STP
  • Modular concept based on cutting-edge technology and standards
  • More information in the XML
  • Single platform for all MSIT SWIFT applications (MSIT - CARE and MSIT - EXIN for Exceptions and Investigations)
  • Full support for account servicing to corporate customers
  • Comprehensive support of the SWIFT Real Time Cash Reporting including "Push" and "Pull"
  • Enabling STP for all GET- and RETURN-handling
  • Routing and display of MT 942 (e.g. for indirect TARGET-2 participants)
  • Seamless integration with existing bank systems
  • Definition of criteria for the matching-mechanism
  • Flexible defined error handling
  • Flexible parameterization for easy customization and rapid implementation
  • Use of industry standards with a focus on high scalability and flexibility
  • Multi-entity architecture in a single system (for company-wide use in subsidiaries and branch offices,...)
  • Multi-language support
  • Platform independence through use of cutting-edge J2EE
  • Easy-to-use intuitive graphical user interface
  • Communication with SWIFT via SAG (SWIFT Alliance Gateway) or other EAI applications

SWIFT for Corporates

SWIFT is a single, secure communications channel used by more than 10,000 banking organizations, corporations and others to exchange millions of standardized financial messages.

The Benefits of Using SWIFT for Corporates
Corporates face considerable challenges in coordinating the many bank accounts and multiple bank communication channels that are needed for effective treasury management. These challenges range from the high cost of multiple bank interfaces, complex and varied security and contingency arrangements, and an inability to view cash positions across your global bank network. These issues (among others) introduce excess costs, as well as process and liquidity inefficiencies to cash management and related financial operations.
SWIFT for Corporates addresses these pain points, helping you realize increased global visibility into your cash position through the centralization of account information. This enables you to make better-informed investment decisions and improve your working capital.
SWIFT for Corporates also allows you to replace multiple bank communication systems with a single means to communicate with your banks, delivering savings through improved automation and reduction of in-house treasury and IT staff costs. Further, SWIFT helps improve straight-through processing (STP) and assists in increasing staff productivity and capacity by enhancing the level of automation in your financial operations.
As noted, SWIFT for Corporates provides robust, industrial strength security and reliability. SWIFT boasts a 99.999 percent availability, as well as being a highly secure system used by the world’s banks and many payment systems for communicating payment instructions and other sensitive data. In addition, for corporates under stringent regulation (such as Sarbanes- Oxley), using a single process like SWIFT can help satisfy
  • Increased geographic reach for your financial operations, increasing visibility of idle cash throughout your bank network
  • Improved audit compliance
  • Improved STP and processing capacities, as well as related efficiencies through the use of standards to communicate across your bank network
  • Security and resilience, integral to the SWIFT network
  • Highly secure communication infrastructure
  • Support for the non-repudiation of payments
  • Consistent formats across all banking counter-parties reached over SWIFT. This reduces the need to maintain separate proprietary banking platforms and the multiple Ids and passwords needed to operate them.
  • Support for corporate-to-bank communications for a variety of purposes:
  • Treasury settlement
  • Accounts payable, accounts receivable and other payment and collection operations
  • Trade finance
  • Securities and custody operations
  • FX confirmations
  • Support for FIN message
  • MT 101 - Request for Transfer
  • MT 940 - Customer Statement Message
  • MT 910 - Confirmation of Credit
  • MT 900 - Confirmation of Debit
  • MT942 - Interim Transaction Report
  • MT941 - Balance Report
  • Support FILEACT batch file package
  • Request for Transfer: MT 101, MX pain.001
  • Report: MX camt.053, MT940
  • Safe, reliable file transmission options
  • Accept files in any standard, any format
  • Applicable for exchange of necessary documents (Eg: scanned copies) against L/C
  • Support ISO 20022 XML format