Aquila Messaging Hub
The Messaging Hub is a comprehensive solution that offers a single dashboard for centralised control over both inward and outward messages. It provides a highly efficient way to manage message communications. With its detailed audit trail, all changes made to messages and parameters can be easily tracked. The system also ensures granular user access control, allowing administrators to precisely control user permissions and modifications for outward messages at the sub-field level. Moreover, the Messaging Hub maintains industry-standard message formats, ensuring compatibility and compliance with established messaging protocols.
Message Transformation
The Message Transformation feature of the Messaging Hub offers seamless message integration by facilitating the conversion between different message types. Specifically, it enables the conversion of MT (Message Type) to MX (ISO 20022) format and vice versa.
Automated Payment Processing Options
Aquila offers robust support for automated payment processing with core system integration across a range of formats, including standards such as Elixir, Sorbnet, Nacha, Internal formats, T2, TIPS, NPP, SLIPS, Fedwire, FedNow, SEPA, SEPA Instant, SWIFT MT, SWIFT MX, CHAPS, and Bacs.
Features include checking account status and balances through APIs to verify account validity, balances and overdraft facilities; booking payments and charges into core systems using core system APIs, supporting different currencies and multiple fee accounts; generation of outward settlement messages, including SWIFT gpi compliance and production of tracker confirmations using MT199, trck.001 or the SWIFT Universal Confirmations API; reject processing via pacs.002 messages; return processing via pacs.004 messages; and a comprehensive audit trail for tracking payment processing activities.
Automated Process Options
Aquila provides optional automated processes such as duplicate checking of inward and outward messages; restricted country and currency checking; integration with the bank’s chosen sanctions and AML checking solution providers; Confirmation of Payee (CoP) checks; FATF16 checking to ensure beneficiary party names match core system account names; checking for cover of instructions from non-correspondents; automated generation and audit of correspondent charges received; and automated settlement and audit of correspondent charges paid.
Manual Payment Processing Options
Aquila supports manual payment processing for specific types such as internal transfers or correspondent payments. Manual payment scenarios include repairing failed STP (Straight Through Processing) electronic payments by viewing the reason for failure in the message audit trail and manually accepting or rejecting the payment, and inputting new payment requests including one-off transactions (e.g., customer letters, in-branch transfers) or from standing instruction templates.
Payment Orders
Aquila offers versatile options for payment orders, allowing customization based on specific types such as internal transfers or correspondent payments. This flexibility is achieved by selecting the appropriate sub-service within the system. The solution supports the automatic creation of periodic payments through the configuration of standing orders and direct debits and also provides the capability to manually create ad-hoc payments using standing instruction templates.
Message Masks
Aquila allows the definition of message masks to simplify complex messages. Users can define masks to show only relevant details, reducing unrequired and ambiguous fields. Context rules and default values can be defined based on the sub-service of a message. This feature greatly increases message checking and processing times.
Exceptions / Alerts
Exceptions and specific alerts can actively be managed within Aquila’s Incident Management processing. It is also possible to configure notifications via email or SMS depending on the level of licensing.
