NOSTRO - VOSTRO Reconciliation - StarNOSTRO
StarNOSTRO is a web based comprehensive N-ways Reconciliation system, it seeks data from the Bank’s Treasury ledger entries and matches the same with the corresponding NOSTRO - VOSTRO Statement file coming from NOSTRO - VOSTRO Banks. Thus, the reconciliation is done between one source of data coming from the Bank Treasury system and the other coming from SWIFT Remittance.
- 3 types of Matching algorithms used - Automatic, Intelligent and Manual Match [One - One, One - Many, Many - One, Many – Many comparison].
- Maintain and calculate Fees/Commission, Tax etc.
- User Level Authentication to access the specific Bank.
- Maker & Checker validation on each step process.
- Very flexible interface for Data Download & Upload based on the source data from external entities.
- Highly parameterized, operational & decision-making system to support the fast changing requirements of the bank.
- Reports can be filtered and generated based on almost all the Entities / Factors / Scenarios.
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