The competitive landscape of the financial industry continually challenges financial institutions to meet unique file processing requirements to service the needs of clients and meet the requirements of correspondent banks and vendors. Creating and delivering files based on transaction activity (i.e. BAI2) and processing incoming files that are in a unique format can be challenging. Moreover, administering these requirements manually is labor intensive and error prone. Automation is the key.
The Centrix file processing system, CentrixFPS™, is a software platform used to automate special transaction processing requirements for financial institutions. The system is a standard platform from which customized processing of transaction data is performed, including the ability to define unique rules at the account level or apply unique processing rules to an incoming transaction file.
CentrixFPS™ File Processing Examples
BAI2 File Processing
Extracting daily posted transactions for specific clients and creating client-specific BAI2 files. Processing an incoming BAI2 file from a third party (i.e. Wells Fargo, Bank of America) to post charges, build analysis addenda for correspondent deposit services, or otherwise integrate the BAI2 data with the core processing system.
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Process Incoming Third Party Files
When your bank operations staff is challenged with special file processing requirements, you should consider automation. CentrixFPS™ offers such automation and is an example of how technology from Centrix, tailored to your environment, will help you meet or exceed the service level your clients expect without "taxing" your staff.
To discuss CentrixFPS™ in more detail or receive additional information,
contact us via email at info@centrixsolutions.com or call 402.488.3990.
