The Allevo Transaction Broker solution for banks covers a couple of areas, such as:
‒ connecting heterogeneous back-office systems to external networks or market infrastructures
‒ a reliable single window for managing transaction flows
‒ liquidity reporting and forecasting -enhanced interoperability with corporate customers
‒ support for the most popular financial information transfer instruments, such as payments, direct debit, debit instruments and securities
‒ multicurrency enablement
‒ operational risk containment functionalities, such as accounting reconciliation, duplicate detection, transaction filtering, competitive alerts
‒ insurance of data quality: end-to-end persistent transactions, system resilience (transaction mirroring to back-up platforms)
‒ native ISO20022 support
‒ easy operational and data flow configurations through embedded XML schemas.
The solution built around FinTP enables dramatically lowering the recurring costs of a bank and also making it benefit from joint developments, by implementing this open source solution for a commoditized part of the underlying infrastructure. Key benefits that contribute to operational risk management:
‒ Business flow consolidation
‒ External interface to market infrastructure(s)
‒ Funds transfer: credit transfer, direct debit, debit instruments, duplicate detection, treasury flows
‒ Operational functionalities such as liquidity reporting, accounting reconciliation, transaction filtering, remittances management, competitive reports.