iASPEC Remittance Management Platform
Proven efficiency gains that would matters to bank remittance operation
Pluggable component framework
Allow for easy adjustments to remittance business logic and reconfiguration of payment processing flows to maximize automation and enhance STP rate.
Ultra high straight through processing (STP) rate
Our over 80% STP rate demostrated a proven labour savings and efficiency uplift for our bank partners.
Unified processing with simple integration
Single platform for inward / outward / intermediary remittance, cheques, demand drafts, settlements, queries and investigations, with easy connect bank internal systems like internet banking, channels, core banking, AML and SAA etc.
Performance Metrics of the Remittance Management Platform
The Remittance Management Platform achieves exceptional operational efficiency. These metrics demonstrate value for financial institutions focused on scalability and cost management.
Straight-through processing rates, minimizing manual handling and accelerating settlements.
Capacity to handle high-volume transactions effortlessly.
Operational Advantages Through Key Statistics
Uptime in production environments, ensuring continuous availability for cross-border transactions.
International banks trusting the platform, reflecting proven scalability across global institutions.
Explore GPP Suite: Beyond RMP
GPP Suite expands RMP with integrated tools for faster payments and compliance. Features AI rule engines, seamless core banking integration, and 99.99% uptime for scalable global operations.
Understanding the Technical Architecture Structures
The Remittance Management Platform features a microservices-based architecture utilizing Spring Boot and Java for core services. This includes the Remittance Service layer with managers for charges, payments, settlements, and investigations.
Key components encompass the Unified Remittance Messaging Service, supporting SWIFT MT/MX, CHATS MT/MX, and cross-border FPS in JSON formats. Integration occurs through REST APIs with OAuth2, SFTP, and MQ adapters, connecting to host systems, AML tools, FX platforms, and legacy infrastructure.
The Business Rules Plug-in Framework enables customizable processing for payment classification, routing, data validation, compliance, and financial operations. This framework uses standard Java interfaces with Spring Bean registration for rule implementation.
Supported messages include MT101, MT103, MT202, and MX variants such as PACS.008, PACS.009, with expansions to CAMT messages. The technology stack incorporates Redis caching, Oracle or DB2 databases, and deployment options for on-premises, private cloud, or hybrid setups.
This structure addresses multi-format support, legacy integration, performance scaling, and regulatory demands, including AML and sanction screening. Visual diagrams illustrate workflows from message reception to settlement, emphasizing end-to-end visibility and high straight-through processing.
Detailed Analysis of PAS07 Architecture
The PAS07 architecture facilitates efficient inter-bank transactions through its robust framework. It emphasizes security and compliance while ensuring rapid processing times.
In-Depth Look at PAS08 Architecture
PAS08 architecture is tailored for cross-border remittances, ensuring compliance with international regulations. Its design prioritizes scalability and adaptability for future growth.
Our Industry Recognition: SWIFT accredited Enabler Partners
Our solutions is aCBPR+ ready, accredited by SWIFT enabler partners program, support all payment related to MX messages and its MT counterpart.
