Straight through processing for financial transactions
End-to-end processing of securities, funds, payments, equities, fixed income, FX and other critical financial assets.
Operating in the global financial markets requires sophisticated messaging capabilities. From interacting with transfer agents and brokers to managing fund accounting and custodian interfaces, payment and settlement processes demand effective controls, flexible workflow and transparency. Organizations processing thousands of transactions a day need up-to-date, accurate information on transaction flows across multiple networks, and must provide secure, easy access for corporate clients.
OpenText™ STP Financial Hub provides end-to-end workflow-based processing for securities, funds, integrated payments, wealth management, FX and many other critical financial activities.
What is straight through processing (STP)?
Financial companies use straight-through processing to accelerate transactions and data exchange by processing them without manual intervention. STP allows institutions to share information electronically between systems and applications—a faster, more secure and effective manner of data processing.
OpenText STP Financial Hub overview
OpenText™ STP Financial Hub is a scalable messaging platform for financial instruments and processes that offers full end-to-end trade processing, from order entry to order settlement. It offers end-to-end payments processing, wealth management and middle office flows for a broad base of corporates, banks, broker and custodian activities. The platform reduces manual activities, improves risk mitigation with exception management and reduces complexity by consolidating asset flows.
OpenText STP Financial Hub features
Wealth Management and Capital Markets
Provides visibility from execution to settlement for trades of equities, fixed income, mutual funds, ETFs and alternative investments. Manages millions of securities transactions per month for more than 300 active counterparties, including brokers, custodians and investment managers.
Offers a web-based portal to augment payment messaging and files processing. Includes client-enablement features, such as self-service controls for release-to-processing and value-limits, to enable clients to submit payment instructions, monitor transaction lifecycles and facilitate various payment formats, including wire-transfer, clearinghouse payments, ANSI EDI and foreign-exchange.
Allows the FX desk to send and receive all their orders in one format (e.g. FIX), while providing flexibility for clients to connect in various formats, including file and SWIFT.
OpenText STP Financial Hub benefits
Manage a wide range of processes from API, FIX, SFTP and ISO15022/ISO20022 order flow conversion of settlement and payment instructions to subscription/buy, redemption/sell, switch and transfer orders support with transfer agents and brokers worldwide.
Enhance control and security
Implement multilevel value-based maker/checker functionality for a custom approval process based on business needs. Configure user entitlements for flexibility and control. Leverage a robust workflow manager that supports multicurrency, multiproduct, multilingual fully integrated processing and a flexible, secure, zero-footprint browser environment.
Improve transparency and manage by exception
Allow both operational teams and clients to access transaction summary dashboards in realtime, tracking pending activities and generating powerful MIS. Enable users to quickly identify exceptions and take corrective actions with extensive validation algorithms and configurable reporting capabilities. Tune interface to the specific needs of clients and internal teams to supports risk mitigation and efficient processing.
Leverage a Software-as-a-Service (SaaS) model, with no software to license, implement or maintain, via a monthly subscription pricing model.