Cash Transaction Report System-goAML

Product Overview

Cash Transaction Report System-goAML

Client: Standard Charted Bank

Distinctively exploit optimal alignments for intuitive bandwidth. Quickly coordinate e-business applications through revolutionary catalysts for change. Seamlessly underwhelm optimal testing procedures whereas bricks-and-clicks processes.

Client:: Wired Magazine
Year:: 2019
Category:: Application, Business
Location:: Budapest
ROI:: 36%

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Product Information

Our system is the submission of cash transaction reports to the Central Bank for Cash Deposits or cash Withdrawals of BDT Tk. 1,000,000 or above in any account in a day.

Functions

Bank uploads cash transaction record for a certain period in this system by online if the cash transaction crosses the limit 1,000,000 or above for every account. This system has its own authentication system. After every certain period system generates a file for an account for those cash transaction where the limit (1,000,000 or above) is crossed. Then this file would be forwarded to central bank as the cash transaction report for this particular account. This system has also a lot of report generation capability which helps to monitor/analyze the transaction in different criteria. Primarily our system connects with bank’s database. Then system retrieves the transaction criteria (online transaction, cash transaction, atm transaction etc.) and related info. System also generates reports in case of data missing. Then these reports are forwarded to dual control system for corrections. After corrections and approvals, the system forwards the whole report to the central bank.

Features

Take input from core banking system in different file format
Data validation before reporting
Dual control
Error capturing from central bank error report
Correct erroneous data and resubmit it

Platform

Java Web based Solution/J2EE, SQL Server DB

Representatives Clients

Standard Chartered Bank

Number of Installation/Clients: 01