Payment Solutions

"In partnership with Globsyn Infotech Ltd., Union Bank of India has successfully installed RAFTS (Real-time AML Filter for TurboSWIFT) solution making it first Bank to go live with the Real-time OFAC filter at the transaction gateway level. RAFTS is a real-time AML filter that works as an add-on TurboSWIFT (SWIFT Approved Interface) for all SWIFT transactions."

 

 

TurboCorporate

The TurboBranch software is a full-fledged TurboSWIFT with the limitation of not being able to connect to the SNL. TurboBranch however, communicates transparently to TurboSWIFT and uses it to transmit messages and receive messages from the SWIFT network. It is specifically designed to technologically implement the concept of a SWIFT connection for discreet networks.

TurboBranch server with the capability of connecting to any SWIFT interface offers transmission and management of SWIFT messages between your bank and the Corporate clients. TurboWEB offers a browser-based thin-client front-end to Corporates for composing, editing, verifying and processing of SWIFT messages.

Using the Turbo Corporate Suite, your bank can offer all the SWIFT’s internationally-recognized FIN standards to their corporate clients and help them to reduce costs and risk, increase funds visibility and efficiency through improved automation, leading to easier regulatory compliance.

The Turbo Corporate Suite comprises of:

1. TurboBranch Server for message management and connection to the bank’s SWIFT interface.


2. TurboWeb application to provide browser based client interface to the bank’s corporate customers over the secured internet.

The Turbo Corporate Suite consisting of TurboBranch and TurboWeb would be configured for the bank’s Corporate clients and hosted on a public IP to provide access over the secured internet.

Corporate clients will access TurboWeb over the internet to enter and process their SWIFT transactions with the Bank’s BIC code. All the transactions originated and destined for Corporate clients will be stored and managed within TurboBranch.

Outbound client transactions will be uploaded to a queue in TurboSWIFT for authorization. An authorized bank official will verify and authorize each message for transmission to the SWIFT network. TurboSWIFT would route all the Acks/Naks of Outbound transactions and all the Inbound transactions pertaining to Corporate clients received from the SWIFT network to the TurboBranch server. Clients would view and process their Acks/Naks and Inbound transactions using the TurboWeb.

Process for message management and transmission

Benefits to your bank

Benefits to the Corporate members

 

"TurboSWIFT has helped us to maintain smooth functioning of our Forex transactions". Mr. Dhires Chakraborti A. G. M. United Bank of India ...more>>

"We have been supported with a very good turn around time for the service request made to Globsyn Infotech. Hope the same will continue in the future. Thanks" Anurag Shrivasatava AVP FMIT, YES BANK ...more>>