20 October 2017
Register now

WGZ Bank signs for Swissrisk FinTrace

25 October 2010  |  793 views  |  0 Source: Swissrisk Financial Systems

WGZ Bank Germany, has decided to automate the investigation process for payment transactions with Swissrisk Financial Systems' solution "FinTrace".

The system will be used to automate the exception case management process in a multi entity environment at WGZ-BANK. WGZ BANK handles the clearing and settlement for more than 200 banks which will be connected to the system. FinTRACE will replace manual investigation supporting SWIFT, Email and Fax channels. A major part of the implementation will cover "SWIFTNet Exceptions and Investigations", a new ISO20022 XML-based workflow which will sets international standards for payment investigations.

FinTRACE is a fully rule-based case management system which is used by financial institutions to automate the investigation process for financial transactions, for example in the area of payments, securities and FX/Money Market. FinTRACE has a comprehensive web-based user front end and is SWIFT Ready certified for Exceptions and Investigations.

Martin Holtmann, Senior Vice President and Head of Product Management Payment Service Division stated, "Our drive to improve process efficiency and to best serve our customers led us to decide for FinTRACE. Our decision was based on FinTRACE's high level of business functionality and flexibility as well as its compliance with SWIFT standards and rulebooks. A combination of the solution, the service offering and the team competence has made the overall proposal from Swissrisk very attractive for us."

Dirk Vesper, VP Product Management at Swissrisk said ,"FinTRACE is a flexible and powerful investigation case management system which fulfills all the different requirements coming from the complex environment of WGZ Bank. The application features the concepts of a central electronic case management together with a tight integration into the customer´s application landscape. We are happy to have WGZ Bank, a leading financial institution in Germany, among our customers"

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.atos.netvisit www.vasco.com

Top topics

Most viewed Most shared
satelliteGates Foundation backs Ripple collaboratio...
8407 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8223 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7380 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6763 views comments | 10 tweets | 21 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6420 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job