NOSTRO - VOSTRO Reconciliation - StarNOSTRO-VOSTRO
StarNOSTRO-VOSTRO is a web based comprehensive N-ways Reconciliation system, it seeks data from the Bank 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.
Product Highlights :
- Using AES algorithm for Security.
- Three Types of Matching algorithm used - Automatic, Intelligent and Manual match [One - One, One - Many, Many - One, Many – Many comparison].
- Maintain and calculate fees/commission, tax etc.
- Email chaser for follow up the transaction status based on hierarchy level configuration.
- User level authentication to access the specific bank.
- Automation [scheduler] and manual data processing.
- Maker and checker validation on each step process.
- Complete Audit trail based.
- Robust Matching Engine with versatility for defining matching options.
- Reports can be filtered and generated based on almost all the entities/factors/ Scenarios.
- 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.
- Allows manual entry from statements where electronic transaction data is Missing/unavailable.
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Why Choose Us?
Having focused over 30 years on the Retail Banking Sector, the group with a vision to expand the business of providing highly efficient & customer-centric services, expanded into banking, development and promotion of Payment & Card Solutions for global requirements.
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