|
Oracle FLEXCUBE Messaging Hub delivers two applications for customers who wish to deploy SWIFTNet Solutions rapidly and cost effectively. Oracle FLEXCUBE Messaging Hub's SEPA modules deliver a SWIFTReady SEPA label solution that enables European banks to achieve SEPA compliance in a cost-efficient manner. Oracle FLEXCUBE Messaging Hub also provides a module that allows customers in the funds industry to lower costs and increase efficiency by implementing SWIFTNet Funds.
Oracle FLEXCUBE Messaging Hub's SEPA modules support both the credit and debit services of the Euro Banking Association's (EBA) STEP2 infrastructure. Customers use the FileAct protocol to connect with the Clearing and Settlement Mechanism (CSM). All messages are validated, translated, mapped and transformed in accordance with the ISO 20022 standard. The solution offers multiple options for integration with back-office applications that enable customers to keep rather than replace their existing systems. The following SEPA services are currently supported:
- SEPA Credit Transfer (SCT)
- SEPA Direct Debit (SDD)
Oracle FLEXCUBE Messaging Hub has specialized SCT and SDD modules, which allow banks to participate in STEP2 services without needing to make significant changes to their payments systems. File and single message interfaces shield existing applications from the complexities of the STEP2 central system interface and the transport network. Payments systems can use the secure FileAct protocol to exchange data with STEP2 via either interface.
Oracle FLEXCUBE Messaging Hub's Funds module allows customers in the funds industry to enable their existing applications to use the SWIFTNet Funds service. This comprehensive solution supports the entire funds process flow, including orders, confirmations, cancellations, statements, reports, and transfers over the SWIFTNet Funds service using the InterAct messaging protocol. It provides easy integration with back-office applications and can also convert FIN or proprietary messages to ISO 20022 formats and vice versa.
The Funds module delivers the following benefits and features:
- End-to-end back-office automation and integration with SWIFTNet Funds
- Quick migration to the SWIFTNet Funds service using ISO 20022 XML standards, with no impact on existing transaction generation
- Single window for SWIFTNet Funds and SWIFTNet FIN services, covering ISO 20022 XML and ISO 15022 FIN Fund template messages
- Rules engine for intelligent message bulking and splitting
- Capability for shielding your investments from ongoing SWIFT message format changes, with minimal migration time
- Message support for all business flows
|
| 
