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Digital Compass
FinnAxia Digital Compass
Product Module Overview
FinnAxia Digital Compass is a delivery channel for bank’s customers, offering convenience to bank anytime and anywhere. It allows banks to provide easy access to information from multiple back-end systems as relevant data into a single customer view. It is an easy to use, robust solution that provides direct access to a comprehensive suite of transaction banking products developed for bank’s corporate customers.
FinnAxia Digital Compass is a secure solution with 2-factor authentication using a security token (RSA©, Vasco©, etc.), encrypted password storage, shields against hacking as per international standards, secure communication over the Internet using SSL (Secure Sockets Layer). Customers can personalize their user interface, dashboard widget as per their personal preferences.
We design, develop and configure computer hardware and software for banks and other organizations in the financial services industry.
Business benefits
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Global fund transfer - Payments can be initiated from anywhere -
Beneficiary advice for all payment types via email -
Multi Country, Multi Payment Types, Transaction Initiation in multiple currencies -
Forward value payment capabilities -
Ability to print cheques in multiple bank branches
Features
- Highly customizable Dashboard with role-based widgets
- Responsive design for anytime anywhere access
- Single window operations for Payments, Receivables, Liquidity Management and Supply Chain Finance
- 360 degree visibility of transactions enabling cash flow forecasting
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Supply Chain Financing - Pre and Post Shipment Financing, Factoring & Reverse Factoring, Invoice Discounting and Financing
- Shared Service Centre (SSC)/ Book transfer for cross border payments
- Comprehensive Error handling and prevention
- Instant payment/collection through proxy address- Account ID, National ID
- Multiple Transactions (Own Account/ Subsidiary Account/ Third Party Account Transfers) executed in the same screen
- AI- Based Transaction Anomaly Detection
- Speedy Query Resolution through Chatbot
- Customer Helpdesk with Audit Provision
- Bulletin board to see broadcast messages and scheduled reports
- Account Payable and Account Receivables Invoice Administration
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Electronic Bill Presentment & Payment(EBPP), Electronic Invoice Presentment & Payment (EIPP)
- Liquidity Management Structures - Creation, Visualization and Execution
- Comprehensive summary of the corporates credit card transactions along with their trade and investment portfolio
- Initiation of Direct Debit mandates
- Account statement download in MT 940/MT942 and Camt53 format
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- Real Time debit account validation and balance retrieval
- Customer approvals for FX variations.
- WhatsApp notifications
- Integrated Chatbot
- Forecasting of future payables, receivables and invoices
Line of business covered
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FinnAxia Digital Compass
We selected FinnOne™, a flagship & award-winning product, to efficiently manage our clients and all monetary operations. FinnOne™ will surely help us build a competitive advantage and expand our reach in the Saudi Arabian market.
- Abbas Mohammed Al-Nahdi, Executive GM, Aqsat International
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