The solution has been implemented by Uni Systems to cover the necessary functionality for the management of Bank’s correspondent accounts (Nostro accounts).
It operates successfully in major Greek banks and provides management of the correspondents and their accounts, reconciliation of Nostro Accounts as well as monitoring and projecting correspondents’ cash flow, while at the same time has a great potential for scalability due to its open architectural design.
The solution covers among other the following functionality:
- Correspondent Banks Management
- Correspondent Transactions Management
- Correspondent’s Account Balances’ Management
- Automated Transactions Reconciliation
- Manual Transactions Reconciliation
- Automated interface with SWIFT system
- Automated TREASURY SYSTEM transactions interface
- Automated HOST systems transactions interface
- Available Cash Calculation
- Operational reporting
- Statistical Reporting
- Historical Records File for archiving reconciled transactions
- Day-Change Process
