Our tailored made solutions designed especially for Wallstreet Suite system(ION Group) clients. These stand-alone solutions are ready to be implemented independently to any WSS version.
sMATCH - SWIFT Matching solution developed by PREFIS specifically for WSS clients, provides manual and real-time automatic confirmation matching functionality. This well-established solution is tightly integrated with Wallstreet Suite system which makes it ideal candidate for replacing retiring SWIFT Accord for Wallstreet Suite customers. sMATCH solution enables processing of SWIFT confirmations received from counterparties against confirmations sent from Wallstreet Suite. In the case of a match, actions can be triggered in the flow to allow straight-through processing. In the case of a mismatch, a back-office user can use a graphical user interface to manually verify the messages, review differences and decide on the course of action. Criteria for automatic and manual matching are configurable. They are configured in the SWIFT Matching Rule Editor and can be specific for each message type. A standard set of pre-defined criteria, for the most common SWIFT message types, is part of the sMATCH product.
To allow an effective STP, sMATCH solution supports theautomatic matching of outgoing and incoming SWIFT messages. This is achieved by configurable matchingcriteria within the user interface. For each received or sent SWIFT confirmation, an auto-matching process is automatically performed. In case that exactly one matching confirmation is found and the match satisfies all predefined mandatory matching criteria, the messages are automatically marked as matched.
In the case when automatic matching is not successful, sMATCH provides a manual matching board with dedicated GUI.
Manual matching board is used to review unmatched confirmations. It is an independent board with smart features to manually process confirmations. Among
the features are not just matching or un-matching actions, but also analyses of messages, highlighting the best candidates, effective debugging of the matching criteria, review of the messages, etc.
Configurable matching criteria
Criteria for matching are specified for individual message types and are rule driven. Matching rules are managed in the SWIFT Matching Rule Editor, which is available
for admin users. Setting simple as well as very complex matching criteria from the user interface allows outstanding flexibility. Not only basic functions but also complex expressions can be used in definition of matching rules for messages
Integration with Wallstreet Suite
SWIFT Matching solution sMATCH is fully integrated with Wallstreet Suite system. It can automatically process transaction in the flow, release settlements, paymentsand also perform user actions.
Download this brochure about sMATCH - developed by PREFIS which provides manual and real-time automatic confirmation matching functionality.
sMATCH is designed to support automatic straight through processing (hereinafter the STP). It can automatically perform user actions such as releasing payments, moving transactions in the flow, setting statuses, etc.
ADAPTATION TO NEW REQUIREMENTS
New processes, products or other business requirements are implemented using user GUI, and no programming is required to implement the changes. In case of a complex requirement, only a new adapter needs to be added to keep sMATCH consistent and easy to maintain.
SWIFT Matching solution sMATCH is fully supported, so in the case of any new request for an enhancement, there is a development team prepared to promptly react to your requests.
UPGRADE TO CURRENT VERSIONS OF WALLSTREET SUITE
During the support period we guarantee compatibility with customer’s current versions of Wallstreet Suite.
OPERATIONAL COST AND RISK REDUCTION
sMATCH solution supports STP and processes are automated wherever possible, to increase operational efficiency. sMATCH providesorganizations with a fully integrated platform, with a settlement and payment release process that reduces the risk and costs associatedwith confirmations and settlements. The manual matching board with
advanced features increases the efficiency of matching process by supporting fast manual matching of unmatched messages.
“Great approach, very good services and deep knowledge of both business processes and product during implementation and upgrade of Wallstreet Suite system here in ARDAL, makes PREFIS real expert and reliable partner that I can recommend to any organization wishing to implement or upgrade their Wallstreet Suite.”
“We highly value the PREFIS consultant's deep knowledge and understanding of the bank’s business and processes, extensive experience with the product Wallstreet Suite system and also pro-active, flexible and goal oriented approach.”
“I would recommend PREFIS to other Banks. I am particularly impressed by their deep expertise of the treasury management processes, application functionalities, system implementation and work ethics.”
“Peter Lakatoš from PREFIS and his deep knowledge of the Wallstreet Suite, financial industry, instruments and market processes were of great value to Central Bank of Ireland during the implementation project and I firmly believe, that PREFIS will prove an asset for any organization implementing Wallstreet Suite system.”
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