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FinTP Project

 

 

The FinTP Project is Allevo's initiative to build an open platform for processing financial transactions within the open source community, FINkers United. FinTP source code complies with GPL v3 license and it capitalizes on a ten year successfully practice proven commercially available application, qPayIntegrator.

 

 

It aims to enhance competitiveness of financial institutions in the business, operations and IT areas. The intended evolution for the FinTP Project is to create a new standardization layer for the financial services industry, by transforming transaction processing software from a differentiator to a common enabler for all its adopters.

 

Features for business users include: liquidity reporting and forecasting, enhanced interoperability with the bank's corporate customers through a closed user group (CUG) architecture, as well as flexible service for individuals based on the extended use of SWIFT standardized messages set for remittances (SWIFTRemit).

 

Features for bank operators include: operational risk containment functionalities (such as accounting reconciliation, duplicate detection, AML filtering, competitive alerts) and support for the most popular funds transfer instruments (payments, direct debit, debit instruments and securities), as well as multicurrency enablement, TARGET2 and SEPA compliance.

 

Features for technical users include: data quality insurance (natively persistent transactions during their entire life-cycle) and system resilience (transactions mirroring to the back-up platform(s)).

 

FinTP features, developed according to a release plan spanning from 2014 to 2017, are listed below.

 

Core Feature

Name

Transaction Broker

FinTP

Financial Instruments Processing Features

Name

Funds Transfer

FinTP-FT

Interface to Romanian RTGS (ReGIS) and GSRS (SaFIR)

FinTP-SEP

Interface to Romanian ACH (SENT) for:

- Credit transfer

- Direct Debit

- Unique Mandate Registry

FinTP-SEN

/SCT

/SDD

/RUM

SEPA Compliance for:

- Credit transfer

- Corporate to bank

- Transactions enrichment

FinTP-SEPA

TARGET2 Connectivity FinTP-T2

Debit Instruments

FinTP-DI

Treasury Markets

FinTP-TREZ

Statements

FinTP-STM

Remittances

FinTP-Remit

Operational Features

Name

Duplicate Detection

FinTP-2D

AML Filtering

FinTP-AML

Liquidity Reporting

FinTP-ML

Competitive Reports

FinTP-TR

Accounts Reconciliation

FinTP-ReconS

Resilience

FinTP-FMA

Interface to Archiving Services

FinTP-eArchive

 

To access FinTP Project/FINkers United community please visit http://www.fintp.org/.

 

 

 

Feature

Processing Centres

Transaction broker

FinTP

Jan 2014

Funds transfer

FinTP-FT

Jan 2014

TARGET2 connectivity

FinTP-T2

Jan 2014

Interface to Romanian CSM (SEP)

FinTP-SEP

Jan 2014

Duplicate detection

FinTP-2D

Jan 2014

RO (SEP) Direct debit

FinTP-DD

Jan 2014

Debit instruments

FinTP-DI

Jan 2014

Competitive reports

FinTP-TR

Jun 2014

Liquidity reporting

FinTP-ML

Jun 2014

Treasury markets

FinTP-TREZ

Jun 2014

Statements

FinTP-STM

Jun 2014

SEPA compliance

FinTP-SEPA

Jan 2015

AML filtering

FinTP-AML

Jan 2015

Accounts reconciliation

FinTP-ReconS

Jan 2015

Resilience

FinTP-FMA

Jan 2015

Interface to Romanian CSM (SEN)

FinTP-SEN

Jun 2015

Remittances

FinTP-Remit

Jan 2016[IG1]

 
 
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