Global payment innovation challenge: Non STP operations vs Real-Time payments
FINSTAT is a full fledge straight through processing SWIFT message handling platform that will undertake all back office processes required to settle the beneficiary account same day. FINSTAT enables financial institutions achieve an unprecedented STP experience that will empower the banking industry to easily comply with SWIFT gpi without having to alter existing systems. FINSTAT will provide clients the cutting-edge advantage to grow their cross border payments by being the fastest and most efficient in same day availability of funds to their customers and finally achieve real time payments.
The FINSTAT platform will enable financial institutions to achieve an unprecedented STP experience in SWIFT message information handling that will enable same day availability of funds to the beneficiary across the globe.