Nostro Manager
Nostro Manager helps financial institutions boost profitability by effectively managing their cash assets. It facilitates the management of correspondent bank accounts worldwide by enabling financial institutions to meet target balances at the account and at the currency level while minimizing the costs of account ownership.
Business Benefits
Nostro Manager combines account balance management, automated funding and account and transaction matching features that enable financial institutions to:
- Manage correspondent bank account positions around the world in real time
- Obtain intra-day and inter-day cash positions for individual accounts, groups of accounts and currency groups
- Analyze "what if" scenarios based on least cost, minimum balance, sweep, concentrate and other balance criteria
- Nostro Manager supports processing for all currencies and includes special features for the management of Euro accounts and sweep relationships
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Key Features
- Real-time Nostro balance management
- Decision support tools
- Forecast cash flows
- Business support reconciliation and matching
- Data source and integration
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IT Benefits
- Nostro Manager communicates with other banking applications either directly or via middleware
- Nostro Manager uses SWIFT message standards or other formats where appropriate, and supports industry-standard communication protocols and message queuing facilities
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Key Features
- Real-time Nostro balance management
- Decision support tools
- Forecast cash flows
- Business support reconciliation and matching
- Data source and integration
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Operational Benefits
- Provides on-line inquiry and reporting facilities as well as comprehensive end-of-day reporting
- Nostro Manager makes it possible for banks to extend their service hours to customers by enabling them to balance their Nostro accounts closer to the cut-off time
- User interaction during each step of the process (e.g. adjusting opening balances, entering anticipated transactions)
- Users can run financial target scenarios to determine the most efficient balancing method
- Pre-configured forecasting ranges
- The Graphical User Interface improves workflow, simplifies transaction processing, and allows flexible data filtering and viewing
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Key Features
- Real-time Nostro balance management
- Decision support tools
- Forecast cash flows
- Business support reconciliation and matching
- Data source and integration
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