The comprehensive SWIFT messaging solution for automating your communications and transactions with your banks, custodians and counterparties
✓ Third-Party payments, Free of payments (FOPs), Trade settlements (DvP, RvP), incoming payments
✓ Authorisation workflows, in-built compliance risk matrix scoring systems for automating payment authorisations, with optional external source of wealth, transactional and beneficiary checking
✓ Additional features include SWIFT message handling, cash management, trade and cash reconciliation, corporate actions, SWIFT ordering and more
Dashro recognises the significant demand for automation within financial institutions, particularly concerning payment workflows and compliance with regulatory requirements related to fraudulent fund activity.
FLOW 2.0 represents the ultimate SWIFT messaging software solution, streamlining repetitive payment tasks across multiple banks, custodians and counterparties efficiently via straight-through processing. It encompasses third-party payments, payment account transfers, cash account management, incoming payments, Free of Payments (FOP), Receive/Delivery vs Payment settlements (DvP), payment document attachments, ensuring seamless authorisation, processing, and confirmation of payment instructions.
The autonomous FLOW 2.0 web and REST API software integrates seamlessly into your internal systems, automatically processing payments, obtaining necessary authorisation from management and payment teams, sending confirmations as well as optionally utilising the in-built risk matrix scoring system for complete automation of authorisations.
The system also facilitates a client portal where clients can login to request and track payments as well as trade ordering via SWIFT messaging, SWIFT reconciliations, SWIFT corporate actions plus much more.
FLOW 2.0 FOR PAYMENTS (THIRD PARTY, FOP, RVP, DVP)
· Incoming bank statements retrieved from SWIFT including incoming funds, credits and debits which can be encapsulated into Flow 2.0 as fund movements, authorised and then booked into your internal back-office systems which removes user errors, provides seamless efficiency and saves considerable time.
· The corporate actions module in FLOW 2.0 standardises communication flows for mandatory, voluntary, and payment-related corporate actions using SWIFT messaging.
· Connectivity with custodians and counter parties enhances communication regarding corporate actions across portfolios.
· User-friendly, customised workflows can be created within the system for each unique payment type, allowing seamless implementation of decision trees and authorisation routing throughout the organisation.
· Every payment including third-party, free of payments and receive/deliver vs payment has a status, enabling clients, front-office, relationship managers, and operations teams to clearly see the current point of the payment within the workflow from start to finish.
· Comprehensive SWIFT inbound and outbound messaging with error handling allows the system to track the current stage of payments and update your internal systems with payment confirmations and balances.
· Incoming bank statements items retrieved from SWIFT including incoming funds, credits and debits can be retrieved and added to Flow 2.0 as payments, then booked in your internal payments to provide seamless efficiency, removes user errors and saves considerable time.
Organisations that recognise the efficiency gained through automation in both client and company operations often realise significant cost savings
FLOW 2.0 FOR USABILITY
FLOW 2.0 enhances usability with intuitive navigation, user-friendly interfaces, and efficient ease of use, enabling users to process operational tasks around payments seamlessly. It features easy drag-and-drop grouping of columns on grids and files for user convenience. The system also offers flexible separation of duties for entering, authorising, and executing payments, along with simple data filtering for users and department groups.
FLOW 2.0 FOR ORDERS
FLOW 2.0 serves as a comprehensive trade ordering system, capable of booking equities, bonds, and FX orders either automatically or manually. It sends SWIFT message instructions to banks and custodians for processing. FLOW 2.0 manages order confirmations and updates your internal systems with values and prices.
FLOW FOR RECONCILIATIONS
The built-in reconciliation tool in FLOW 2.0 integrates feeds from your internal systems and reconciles cash and transactional Dashro solutions data from your SWIFT bank statements.
This ensures accurate financial information and synchronisation with your banks and custodians.
FLOW FOR CORPORATE ACTIONS
The corporate actions module in FLOW 2.0 standardises communication flows for mandatory, voluntary, and payment-related corporate actions using SWIFT messaging. It facilitates connectivity with custodians and counter parties, enhancing communication regarding corporate actions across portfolios.
SECURITY AND TECHNOLOGY
Microsoft Azure’s two-factor authentication helps prevent unauthorised access, data breaches, and cyberattacks that could compromise the accuracy and reliability of financial data, disrupting the system’s smooth operation. Additionally, implementing our advanced technology can enhance performance, scalability, and efficiency, allowing for faster and more accurate message processing and better decision-making capabilities.
· User role management allows for detailed permissions management within the system, and full exposure to the system API facilitates internal or external connectivity.
· Built-in Microsoft authentication provides secure managed access through Azure Active Directory.
· Robust security measures protect clients’ personal data, ensuring full compliance with privacy and security regulations like GDPR.
Ensuring and optimising technology is essential for efficient and secure financial transactions. IT security and technology are crucial for a SWIFT messaging-based system, helping to ensure the confidentiality, integrity, and availability of sensitive financial information related to payments.
ABOUT DASHRO
Dashro is a software development firm specialised in delivering bespoke customised IT software solutions for small to medium sized wealth, fund, and asset management institutions.
Our services provide our clients with a competitive edge in their respective markets and include, but are not limited to: custom software development, software integration, maintenance, application architecture design, user experience design, and project management.
We strive to provide our clients with solutions that meet their exact requirements and exceed their expectations.
Contact us at info@dashrosolutions.com to learn more about how we can help you streamline your systems software workflows.
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