Payments, Fraud, Risk and Compliance Solutions
eGIFTS - Global Funds Transfer System
GIFTSOFT eGIFTS system is a fully automated payment, compliance and messaging solution designed to streamline processing for US domestic and foreign banks utilizing the Federal Reserve Bank, CHIPS, ACH, RTGS and SWIFT networks. The system utilizes the latest hardware and software technologies, providing unprecedented system availability, through-put and simplicity of use. eGIFTS is platform agnostic.
Instructions can be received via SWIFT, online banking or the back-office applications and then eGIFTS does the rest. Also, payments can be entered manually. eGIFTS scans the payment for OFAC / Sanction list violations, checks the account balance and, using the optional fraud module, notifies the bank of possible fraud situations. Payments are posted to the bank’s core system and sent to the appropriate network. Standard off-the-shelf interfaces are available for many core-banking/ back office, eBanking, SWIFT, FX rates and Sanction list scanning solutions. Thus, the lead time to integrate eGIFTS to the bank’s existing solutions is minimal.
eGIFTS functionality is provided via any secured browser, meaning that no software is required to be installed on the client workstation or smart devices. Browser technology simplifies the rollout process to the branch network and supports online inquiry to service customer payment inquiries. eGIFTS seamlessly integrates with other GIFTSOFT products set or third-party vendors.
GIFTSWEB - Worldwide Electronic Banking
GIFTSWEB is an exciting and powerful new generation eBanking system designed to replace older cash management systems. It is designed to work with any integrated payment, back-office and/or accounting system.
GIFTSWEB is a multi-language platform and can be customized to render in various other languages like Spanish, French, Italian etc. The responsive web design of the application allows it to render smartly on various devices including tablets and smart phones. The application can be customized using the Theme Feature to match the look and feel of the institution’s website including fonts, colors and images.
GIFTSWEB runs on your organization Web server or third-party hosting services. No special software is required on the client’s PC or smart devices. Users connect to GIFTSWEB using any secure browser. This Web browser-based system, available 24/7/365, has been implemented by many financial institutions to help them deploy their Internet/intranet strategies. Each of the five modules of the GIFTSWEB suite can be purchased individually or as a complete solution to meet your institution’s individual requirements. GIFTSWEB seamlessly integrates with other GIFTSOFT products set or third-party vendors.
Investigations and Compensation System
GIFTSOFT Investigations and Compensation System aka ICSWEB is a comprehensive system designed to automate the logging, tracking, control, correspondence, adjustment and reporting of investigation and compensation cases received by an institution. ICSWEB runs on your organization’s Servers or third-party hosting services.
ICSWEB allows institutions to offer prompt and superior customer service, providing the competitive edge required for success in the financial industry.
The system is delivered with a set of best practices rules database and custom investigations templates that have been developed over the past several years. This database and its associated template files are easily modified to ensure all cases are processed in a consistent manner as required by your internal policy. No special software is required on the client’s PC or smart devices in order to run ICSWEB. ICSWEB can be accessed using any secured Web browser. ICSWEB seamlessly integrates with other GIFTSOFT products set or third-party vendors.
AML Enterprise (GIFTSEDD)
Anti-Money Laundering Solution
GIFTSOFT AML Enterprise aka GIFTSEDD is changing the way institutions address regulatory monitoring and reporting requirements. This sophisticated risk-based solution, implemented globally by numerous financial institutions, provides the analytical tools needed to proactively monitor and detect possible suspicious, unusual and fraudulent transactional activity. The AML Enterprise suite is designed to work with many popular payment, credit card, back office, accounting and other processing systems. AML Enterprise has a powerful Sanction list capabilities and supports Sanction lists from many institutions and third-party vendors.
AML Enterprise provides Regulatory Inquiry to instantaneously find the information required by the Regulators. The Profiler module is delivered with a set of detection scenarios library. Users can build and execute additional scenarios. The Patterning module compares account activity against its historically data or against a similar peer group and reports on variances. Fraud module has a library of predefined fraud and red flag scenarios. The powerful case management module captures, manages and track cases with auto-creation of regulatory forms. MIS reporting and advanced auditing is available. AML Enterprise runs on your organization’s Severs or third-party hosting services. No special software is required on the client’s PC or smart devices. Users connect to the AML Enterprise server using any secure Web browser. AML Enterprise seamlessly integrates with GIFTSOFT other products set or third-party vendors.
For GIFTSOFT clients, in addition to our standard products set, we offer professional services and custom consulting engagements to address the ever-changing requirements of the banking industry from business functionality, technology and compliance perspectives. Our team of developers, engineers and architects will work closely with your team to craft a scope of work to build powerful custom solutions for your organization.
Our team collectively has many decades of experience building out custom use-cases and can suggest best practices across the industry. Providing world class professional services to our clients, with full attention to detail, is our number one priority. Additionally, our customer support desk is 24/7/365 and goes hand-in-hand with the quality of professional services we provide.