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What is Finastra Financial Messaging?

Finastra Financial Messaging operates one of the largest SWIFT service bureaus in the world, providing a secure, API-driven software-as-a-service platform that links users to SWIFT and various market infrastructures. This innovative platform delivers a holistic and scalable approach to financial messaging, enabling real-time payments and offering services such as analytics, fraud detection, and alternative payment networks. It functions as both a gateway and a workflow engine, effectively connecting back office and payment systems to global networks while maintaining centralized control over business rules. The system supports straight-through processing, manual initiation, and hybrid workflows, significantly boosting operational efficiency and simplifying processes. Moreover, its comprehensive suite of features makes this platform an essential resource for contemporary financial institutions eager to enhance and modernize their payment solutions. By prioritizing security and integration, Finastra enables businesses to adapt swiftly to evolving market demands.

What is Elucidate?

Elucidate is a firm dedicated to financial crime risk management, offering financial institutions the ability to assess and assign monetary values to financial crime risks through the Elucidate FinCrime Index (EFI), an automated system developed in partnership with leading global correspondent banks. This cutting-edge platform streamlines the scoring, management, and effective pricing of financial crime risk. Utilizing blockchain technology, our solution is customized to fulfill the unique needs of users, helping them navigate unforeseen challenges while closely monitoring the financial crime risk associated with their partners. Empower your Compliance teams with our automated, data-driven strategies, ensuring that you can effectively manage and oversee financial crime risks in correspondent banking. By leveraging benchmarked risk profiles from over 18,000 financial institutions, your organization can confidently grow its business while reducing due diligence costs through automation. Our platform facilitates a smooth shift from volume-based to risk-based payment pricing, allowing you to detect and respond to financial crime risks instantly, fostering a secure and compliant financial landscape. As a result, organizations can not only safeguard themselves but also secure a competitive edge by actively managing their risk exposure in an ever-evolving financial environment. Continuous innovation in our approach further enhances the ability to adapt to new challenges and opportunities in risk management.

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Integrations Supported

Finastra

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Not specified

Customer Service / Support

Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Finastra

Date Founded

2017

Company Location

United Kingdom

Company Website

www.finastra.com/payments/solutions/financial-messaging

Company Facts

Organization Name

Elucidate

Date Founded

2018

Company Location

Germany

Company Website

www.elucidate.co

Categories and Features

AML

Not specified

Banking

Not specified

Financial Services

Not specified

Fraud Detection

Not specified

RegTech

Not specified

Treasury

Not specified

Categories and Features

Crypto Compliance

Not specified

Fraud Detection

Not specified

RegTech

Not specified

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