Products
NOSTRO - VOSTRO Reconciliation - StarNOSTRO
StarNOSTRO is a web based comprehensive N-ways Reconciliation system, it seeks data from the Bank’s Treasury ledger entries and matches the same with the corresponding NOSTRO - VOSTRO Statement file coming from NOSTRO - VOSTRO Banks. Thus, the reconciliation is done between one source of data coming from the Bank Treasury system and the other coming from SWIFT Remittance.
Exclusively for International Remittance Transactions
Supports MT940, MT950 Statement File & Ledger File
Automatic & Manual Reconciliation
Mail Chaser & Reminder Feature
Product Highlights
- 3 types of Matching algorithms used - Automatic, Intelligent and Manual Match [One - One, One - Many, Many - One, Many – Many comparison].
- Maintain and calculate Fees/Commission, Tax etc.
- User Level Authentication to access the specific Bank.
- Maker & Checker validation on each step process.
- Very flexible interface for Data Download & Upload based on the source data from external entities.
- Highly parameterized, operational & decision-making system to support the fast changing requirements of the bank.
- Reports can be filtered and generated based on almost all the Entities / Factors / Scenarios.