Accurate Software is adding support for SwiftNet reconciliations and new cash management features to its operational risk management product Accurate NXG. The vendor will be demonstrating the new functions at this year's Sibos tradeshow in Singapore.
The SwiftReady Gold accredited NXG now supports real time SwiftNet reconciliations, allowing users to access interactive messaging for exception management and to support same day reconciliation of treasury funding advices.
Browser-based exception management capabilities provide the ability to query remote databases online - such as Cable & Wireless' pilot real-time nostro information service, or trade confirmations from SwiftNet Accord.
Also, new cash management functionality analyses the interest charges applied to nostro accounts - enabling staff to automatically allocate these charges across appropriate business lines.