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Increased customer demands, new business methods and intensified regulatory pressures have placed a growing pressure on organizations and their systems to deliver exponentially more without damaging their ability to compete in the marketplace.
By the very nature of their design, most traditional IT systems can be cumbersome, expensive to implement changes needed to meet demands, and in some cases, just are not able to accommodate the rapidly changing needs of the global marketplace.
The Synergy Core Banking Suite from PSI has been designed with these requirements in mind.
Using the latest technology, our software works together to form a cohesive core solution that addresses what your business needs, allowing you to not only operate in today's rapidly changing environment, but to excel.
Our highly experienced team brings over 300+ combined years of expertise from within the banking world and/or delivering IT solutions.
Synergy Banking Suite
Overview
Products
Accounts
• Complete DDA/Nostro account management
Core Data Management
• Master data storage for common information
Facilities & Limits
• Complete system management for designated credit and account managers,
accessible from inside and outside Synergy products
• Handle positions and risk quickly and effectively
Funds Transfer
• Control outgoing and incoming SWIFT payments & messages with batch booking entries with an intuitive and open interface
Loans and Deposits
• Manage your overnight, fixed term & call, loans and deposits
Trade Services - Back Office
• Handle standby and documentary LC insurance, advise, confirmation, amendment, collections and open accounts. Automatically process outbound and inbound MT7XX messages
Trade Services - Corporate
• Control your company's trade finance instruments and automatically interact with multiple financial institutions via SWIFT MT798 messages
General Features
• Flexible accounting definitions and customized outputs
• Secure cloud based solution with encrypted password protection
• SWIFT integration for inbound & outbound messages
• Integrated into Limits & Facilities
• Multi-currency/branch/language compatibility
• SWIFT integration/payments via applications with a focus on MT1XX, MT2XX messages
• Branch defined local data captures
• Automatic archiving for consistent and reliable retention
• Upload & attach files for faster workflow
• Flexible and robust queries with the ability to export to Excel
•Customizable end of day reports for greater efficiency
•Templates & saved data allow for fast deal input & account creation
Security
Innovative protection against risks of all kinds
• SSL encryption by default
• Two step entry/verification available for all transactions
• User & password protected access with enforced rules
• Dynamic menu options based on user access credentials
• Offsite Hosting provides state of the art data and hardware protection as well as uninterrupted business resumption capabilities
Human Resources
• Manage employee access credentials
• View employee user details such as department, last access date,
payroll history & much more
• View employee Due Diligence and set employee accounts
to active/inactive or disable and/or delete
• View & generate employee activity reports
Synergy Accounts
Intuitive options for greater data control
Intuitive options for greater data control
Intuitive options for greater data control
• Provides fast account creation, utilizing standard terms & conditions
• Used for DDA (current) accounts as well as Nostro accounts
• Full support for multi-tier credit/debit interest based on account balance
• Allows for multi-account interest pooling & cash sweeps
•Interest income & expense margins can be allocated to different departments
• Generate customer statements in multiple formats and languages
• Block specific accounts/customers/deposits
• Standing orders
• Fully supports MT9xx messages
Intuitive options for greater data control
Intuitive options for greater data control
Synergy Core Data Management
Houses commonly used information across related applications
Houses commonly used information across related applications
Houses commonly used information across related applications
Houses commonly used information across related applications
Houses commonly used information across related applications
• Sophisticated customer data entry
• Multiple customer output options in multiple languages
• Allows for centralized risk management
• Contains the rules for Synergy's accounting engine
• Ensure comparability with your GL with dynamically created account numbers based on numerous mappings
• SWIFT validation tables
Synergy Facilities & Limits
Manage the overall customer risk across your institution via a single page view
Manage the overall customer risk across your institution via a single page view
Manage the overall customer risk across your institution via a single page view
• Manage your collections, deposits, and securities in a single dashboard with daily & monthly summary information
• Grant & monitor customer credit facilities in multiple currencies
• Provide credit and account managers intuitive tools
• Manage and control entire customer relationships across multiple option facilities, limits, draw-downs & repayments
• Credit facilities and internal limits validated in real time
• Varied fees are easily entered and automatically billed and settled
• A single inquiry can show a customer's limits, positions, and available amounts in real time, across multiple products
• Allows for output to Excel for further analysis
Manage the overall customer risk across your institution via a single page view
Manage the overall customer risk across your institution via a single page view
Foreign Exchange with Synergy
As of 2019, the value of Foreign Exchange business per day was over $6.6 trillion
As of 2019, the value of Foreign Exchange business per day was over $6.6 trillion
As of 2019, the value of Foreign Exchange business per day was over $6.6 trillion
As of 2019, the value of Foreign Exchange business per day was over $6.6 trillion
As of 2019, the value of Foreign Exchange business per day was over $6.6 trillion
• Manage positions and rates in foreign exchange such as Spot, Forward, Options, OTCs, Partial Payments, Swaps, Depots, Non-Delivered Forwards, Hedges
• A front end system that allows for rapid and accurate input
• Supports SWIFT MT5XX messages
• Tools to control open foreign currency positions and to handle risk
• Daily currency revaluations based on market rates and forward point quotations
Synergy Funds Transfer
Manage SWIFT payments and messages with an open batch booking interface
Manage SWIFT payments and messages with an open batch booking interface
Manage SWIFT payments and messages with an open batch booking interface
• Enter & generate SWIFT messages with validation and output
•Inbound and outbound messages are traceable
• Full user defined fee and charge system
• Batch input allows for hundreds of bookings in one entry to DDA, Nostro and GL accounts
• Fast entry assisted with templates for batches, payments & SWIFT messages
•Features an open XML based interface for inbound processing
of bookings, payments and messages from external systems
Manage SWIFT payments and messages with an open batch booking interface
Manage SWIFT payments and messages with an open batch booking interface
Synergy Loans & Deposits
There is a need for efficient, cost effective solutions to ensure your back-office can retain overall profitability on loans and deposits
• Manages term loans, discount loans and call loans
• Automatic repayment processing
• Provides functionality to take deposits and set multiple interest rates
• Interface and stored data sets allow for fast deal entry
• Allocate interest rate margins among multiple profit centers
• Comprehensive rollover capabilities
Synergy Trade Services
Today's requests include the need for greater availability of data with more trade information as well as real time synchronization for more dynamic business management
• Supports letters of credit, standby, guarantees, collections, transfers, back to back, and integrated exporter/importer financing
• Automation for every step of the trade finance process
• Automatic SWIFT MT7xx message generation
• Improved transaction and SLA monitoring
• Enhanced management monitoring and workflow control, including risk factors
• Allows for transaction capturing, validating, correspondence, accounting and payments
• Additional portal product that allows for white-labeling for client side entry and amendment
We will be presenting at AFP in San Diego this year!
We can't wait to see you all! Visit us at Booth 206