ATOMS On-Demand for SWIFTNet Funds
Overview
Automation and straight through processing are high on the agenda of many financial
institutions along with sustainable development. However, high-cost middleware,
data integration complexity, limited amount of SWIFTNet Fund enabled distributors,
lack of knowledge on SWIFTNet Fund and 24x7 local support, restrict their approach
to funds automation. Is there any cost-effective and easy-to-use solution for it?
ATOMS On-Demand for SWIFTNet Funds is an SaaS (Software as a Service) solution hosted
by WealthCraft Systems Limited to provide a cost effective, easy-to-deploy, enterprise
solution for any financial services company providing or distributing unit trusts
to achieve straight through processing via SWIFTNet Funds messaging.
With ATOMS On-Demand for SWIFTNet Funds, a financial services institution can send trade
orders in its own format via a secure channel to WealthCraft. WealthCraft transforms
the data into a SWIFT format and securely forwards the order to funds houses via
SWIFT. WealthCraft then transforms and securely delivers SWIFTNet Funds messages
to the institution in the institution’s proprietary format.
Features
- Low total cost of ownership: No SWIFT connection infrastructure
onsite installation, no adaptor, no data server, no extra middleware, no costly
maintenance, and no IT staff involvement. Buy what you need and pay as you go.
- Extensive application target: Any types of financial
service providers, such as IFA, distributors, banks, nominees and fund houses, may
use this solution and not necessarily be a SWIFT member.
- Easy-to-implement: ATOMS On-Demand for SWIFTNet Funds
Solution is designed for quick deployment and rapid response to SWIFT standards
and market practice changes.
- Seamless upgrade to ATOMS Enterprise for SWIFTNet Funds :
A gateway solution, acting as a message concentrator for in-house applications,
supports funds and 100% of available FIN messages on SWIFT.
- Comprehensive reporting and audit facility: A flexible
reporting facility and full audit trail for processed messages provid improved control
of communication with financial service providers.
- Remote access functionality: ATOMS On-Demand for SWIFTNet Funds
Solution provides secure remote login to input, submit, repair, verify
and approve SWIFTNet Funds messages manually through well-organized data entry forms,
scrutinize the batch files in the private folders and even query the converted SWIFTNet
Funds messages and their delivery status history individually.
- Flexible dashboard: In order to ensure high availability
of ATOMS On-Demand for SWIFTNet Funds, a dashboard screen is available to monitor the
process activities, status and performance of the WealthCraft Gateway, the SWIFTNet
connection as well as the private network connection, and generate alert emails.