image316

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.  

image317

Synergy Banking Suite

Overview

General

• Allows for 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

• Attach electronic files for faster workflow

• Flexible and robust queries with the ability to export to Excel

•Customize standard end of day reports for increased efficiency

•Templates & saved data allow for fast deal input & account creation


Details

 Accounts
• Complete account management
Core Data Management
• Master data storage for common information
Facilities & Limits
• Tools for credit and account managers, accessible from inside and outside Synergy products

Foreign Exchange 

• 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 

Synergy Accounts

Intuitive options for greater data control

Intuitive options for greater data control

Intuitive options for greater data control

• Providing 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

image318

Synergy Core Data Management

Houses commonly used information across related applications

Houses commonly used information across related applications

image319

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

• Grants & monitors credit facilities to customers in multiple currencies

• Provides 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

image320

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

image321

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 

• 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 revaluation 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

image322

Synergy Loans & Deposits

image323

There is a need for efficient, cost effective solutions to ensure your loans admin 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

• Allows for allocation of interest rate margins among multiple profit centers

• Comprehensive rollover capabilities

Synergy Trade Services

Today's requests include 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 in every step of the trade finance process

• Allows for generation of SWIFT MT7xx messages

• 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

image324

Want to learn more? Reach out today to schedule a phone call or meeting

image325