Channel and Device Integration

Integrating core applications to third party systems and channels is not just a need but a necessity for Financial Institutions to provide better products and services to customers. Financial Institutions today interface with third party service provider systems and utility bill payment and processing systems  for the delivery of SMS/MMS alert messages to its customers, to providing bill payment services and  for sending and receiving financial payment messages like swift,fedwire or chips.

Application also need to be interfaced with a lot of special devices like check printer, check scanner, slip printers, MICR encoders and readers, bar code printers and readers, swap card readers, card production machines etc. for achieving higher degree automation, performance, cost saving, efficiency and better customer service.

Dimensions Financials  has  the expertise, resources and tools in developing and implementing such device or channel interfaces, applications and protocols in a cost effective and efficient manner.


Data Migration

"To progress, change is inevitable"

 In a competitive global market, survival of the fittest is the rule. The need for new products and better customer services has forced institutions to adapt to new technologies, better systems, new national and international standards and regulatory requirements. Renovating information systems leads to the migration of data from old systems to the latest. Dimension Financials undertakes projects for data analysis, planning, design and development of software tools for a hassle free data migrations.


Systems Integration and Reconciliation

Financial institutions today have a prominent bond with third party systems and networks to provide additional products and services to its customers.  Institutions join various debit/credit card networks to offer better connectivity for card transactions to its customers and connect to payment gateways for financial message transfer and processing. Institutions also connect to other service providers to obtain currency rate, LIBOR rates etc. Integration of such third party systems to the core application would require implementation of standard or proprietary communication protocols, security setups, parsing, formatting and error handling of data transferred between systems. Dimension Financials has the competency, experience and expertise in handling such integration projects and providing an effective solution to any organization.

Integration with third party systems and inter institution transactions have introduced the need for an accurate and efficient reconciliation procedures and systems to be in place for any organization. Dimension Financials develops tools for automated reconciliation of entries and reporting. Timely reconciliation and reporting is essential to reduce any possibility of frauds. When the number of entries involved is huge, automated process is the best solution to look for.


Compliance and Black Listing Monitoring

A well designed compliance and black list monitor is an inevitable part of the core TPS for any good financial software system. There should be provision to define compliance rules which depend on institutional, regulatory or international requirements and also evaluate them at run time with transactions. A perfect compliance monitor needs to be integrated to the core application.

International organizations have provided banks with a list of names whose financial activities should be monitored and prevented. This list gets updated frequently. Banks should implement an online system which searches for entries in this transaction which match any entries in the black list and then stop this transaction. The system should also have the capability to update the black list as and when required.

Dimension Financials supports financial institutions for design and implementation of compliance and black list monitors.


Software Development Tools

Software tools improves productivity and enforces organization wide standards. Code generated using tools would conform to organizational design and implementation philosophies and can be made more efficient. Dimensions Financials provides web based software development tools tailored for any developers needs.