Optimizes operations, decreasing costs and maximizing investments by elimitation of redundancies to provide a single contact point for all SWIFT payables and receivables.

Prowide SWIFT Payments is a is a SWIFT messages management application to assist the exchange and management of all the institution's SWIFT traffic. It also allows integration to the Central Bank RTGS system, enabling automated intelligent routing of large value funds transfers, dynamically controlling the flow of payments.

The diagram shows a high level view of the solution. Customers connect business applications by means of a web browser. There is no need to install software on desktop PCs. The solution provides mains funcionallity to centralize all the institution SWIFT payments operations providing messages creation, validation, repairing, authorization, routing and dispatching to SWIFTNet. Both outgoing and incoming messages workflows are supported. All workflow are governed by a set of generic and custom business rules. And integration is done to corporate core systems (clients, accounts, accounting, treasury and others) to provide automatic messages processing with minimal user intervention.

• Prowide SWIFT Payments is based on the Java platform, making it platform independent, and on web technology.

• It supports all messages categories of the SWIFTNet FIN message format, but it is specifically bundled for a subset of messages flows regarding financial payments.

• It provides specific enterprise application integration (EAI) functionality for use with SWIFT. This EAI-based approach reduces the need for extensive programming changes in customers' business applications to support SWIFT.

• includes an out of the box user interface for SWIFT messages management (creation, revision, authorization, reporting).

 

Prowide SWIFT Payments enables the consolidation of existing fragmented SWIFT messaging systems into one SOA compatible solution, consolidating into a dynamic web application the emission, reception, routing and authorization of all Bank's SWIFT payment messages. Remarkably improving efficiency and lowering operative costs by eliminating redundant management and maintenance.