Payments

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

Instant payments are electronic payment solutions that process payments in real time, 24 hours a day, all year long. Instant Payment Settlement (TIPS) is a market infrastructure service launched by the Eurosystem in November 2018.

It enables payment service providers to offer fund transfers to their customers in real time and around the clock, every day of the year. This means that thanks to TIPS, individuals and firms can transfer money between each other within seconds, irrespective of the opening hours of their local bank.

Digital systems offer full infrastructure to operate Instant payments services for financial institution via our certified DS SWIFT Service Bureau.

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.

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.