ProFX - Tieto

Tieto
ProFX
Tieto Corporate Banking
– a critical enabler for tomorrow’s
payment world: ProFX
ProFX is an advanced
and integrated system for
handling foreign exchange
and money market contracts
and international payment
processes.
Tieto ProFX:
1. Enables fast implementation of new
products whilst keeping tight control of
the business.
2. Supports effi cient liquidity management
through up-to-date information of total/
cleared balance positions.
3. Enhances profi tability by structuring
the workfl ow for true straight-through
processing and effective risk
management.
4. Reduces operational costs and
supports centralized processing in
fi nancial organisations.
5. Manages risk through early identifi cation
of potential risk payments.
6. Proven multibank, service bureau
processing. A true service offering.
7. Handles foreign exchange and interest
contracts including front offi ce feeds.
8. Links to claims system for easy handling
of exceptions and investigations.
9. Automatic forwarding of payment advice
and FX confi rmation information to other
channels to enable smooth information
fl ows.
© 2010 Tieto

Tieto
ProFX
ProFX suite
ProFX consists of two modules:
ProFX-Treasury, a foreign exchange
and money market operational
system and the complementary
module ProFX-Pay which is an
international payment system.
ProFX-Pay: Changing markets
force the need to ensure rational
operation and risk management.
ProFX-Pay is an efficient international
payment processing system which
focuses on high levels of flexibility
and automation to meet these
demands. It covers cross border
clean payments, handling both
outward and inward payment orders
as well as bank-to-bank payments.
An intelligent memory and an
advanced parameter set-up enable
high STP rates. Risk management
is enhanced through the versatile
risk module which identifies potential
risk payments and enables manual
processing in a dedicated flow.
Flexible parameters for settlement
input such as pricing, value-dating
and exchange rates per product
and customer, contribute to efficient
processing of manual transactions.
The system is enabled to handle
SWIFT and XML payment
message types and is EBA/
SEPA compliant. Service bureau
features include a customer
profitability overview.
ProFX-Treasury: ProFX-Treasury
is a foreign exchange and money
market operation system enabling
efficient back office processing
of a wide range of money market
products and derivatives ranging
from deals in the spot market to
cross-currency swaps. The flexible
structure makes it easily adaptable
to encompass new products and
functionality. The system comprises
three main areas covering settlement,
positions regulation and general
ledger postings and entries to the
current accounts system.
Strict requirements for liquidity
reporting, tighter liquidity markets
and the introduction of real time
pricing make it vital for any financial
institution to have real visibility of their
positions. ProFX –Treasury is able
to accumulate all foreign currency
positions in one system by updating
balances with all the transactions that
naturally pass through the system.
Why Tieto
Tieto is a well-established and leading provider of solutions and
professional services in the payments and cash management area.
For years Tieto has been an innovative partner for Nordic banks
moving into the future. Benefit from our high quality ProFX solution and
professional services for a secure journey into the new payment world.
For more information:
financial.services@tieto.com
www.tieto.com/financialservices
FX & MM
Spot
Outrights
IRS/IRCS etc.
Settlements
Contract
Administration
Netting
Multifix
Accounts
Front Office
systems
Workflow
Integration Layer
ProFX
Integration Layer
General
Ledger
Total Positions
Rate Database
Reports
Telebanking
Customers/
Banks
Balance
Control
Payments
Inward Payment
Outward Payment
Standing Orders etc
STP
Autofix
Payment
Schedule
Pricing
Other currency transactions such as
Trade Finance can be captured from
core systems and positions can also
be updated manually. ProFX-Treasury
is integrated with various front office
systems. Contracts are transferred
from the dealing system electronically,
in real time. This automatic process
secures data integrity between the
dealing system (front office) and
ProFX.
The ProFX suite is proven as a service
bureau operation, enabling use of
the service without requiring costly
installation and integration procedures
and a fee structure based on usage
such as transaction volume. Multi
bank/multi branch and agency
bank functionality is standard. The
system is multilingual, and handles
different base currencies, enabling
implementation in different countries
without requiring any modifications in
the basic functionality.
© 2010 Tieto