Megasol Technologies
Sweden
Gamla Torget 5
753 20 Uppsala, Sweden
| Telephone: | +46 18 60 49 30 |
| Fax: | +46 18 60 49 31 |
| Toll free: | +1 800 969 7415 |
| E-mail: | info@megasol.se |
Cayman Islands
PO Box 338-SAV
Grand Cayman KY1 1502
Cayman Islands
| Telephone: | +1 800 969 7415 |
| Fax: | +1 345 947 8630 |
| Skype: | megatechgc |
| E-mail: | support@megasol.se |
CORNICHE BANKING SYSTEM
For more than 10 years, Corniche has brought superior functionality and
flexibility to financial institutions. Megasol's design philosophy is simple
- from a single application, provide multiple customisable solutions.
True multiple currency accounting
True multiple currency accounting in which each currency has its own ledger
structure consolidated to a reporting currency with IFRS compliance is
standard. Inter-currency positions are automatically maintained, and both
your balance sheet and income statement can be presented with full details
of the consolidation.
Commodities and digital currencies
Commodities can be treated as currencies allowing use of the system as a commodity broking platform.
Digital currencies and digital commodities for both storage and interchange are fully supported.
Exchange rates can be imported from an external data service or can updated manually.
Creating your own e-currency has never been easier!
Compliance
Use unlimited storage for due diligence records such as transaction sourcing, personal
identity documents, employment, bank references, addresses, and for documents associated with these records.
Optionally, you may attache Corniche to third-party verification services for watch
and address checking and similar functionality.
Client account classes
Corniche features a full range of normal bank account classes together with further special types.
These include current, money market and savings accounts, call accounts, term deposits and CD's, loans,
commodities accounts and securities accounts. In addition, non-posting memo accounts are also supported
and may be used for a variety of functions such as displaying debit card statements.
Interest processing
Fixed and variable interest rates are supported, as are flexible
banded interest schemes in which the type and rate of interest to be paid or charged will vary
depending on the balance of the account attracting interest. You can easily offer structured
investment products in which the length of investment and the banded interest are predefined and
your client can then invest in the deposit product with no staff intervention required.
Fees and charges
A wide range of fee earning opportunities on all financial services
are available. Accounts can attract opening, monthly or special periodic fees. Debits or credits
transactions can incur charges and a number of free debits and/or free credits per month may also
be specified. Multiple special fees and charges can be attached to any transaction and will be
automatically billed during posting. If desired, debit advices can be printed for any fees assessed.
Agents and commissions
A powerful compensation system which splits commission payment
between multiple levels of agents is standard. Commission payments may be actual amounts or percentages
of transaction amounts or account balances. Commissions may be defined in ranges so that the commission
payable varies depending on the range into which a transaction amount or account balance falls.
Document repository
Corniche provides the ability for both back-office and clients to scan
and upload documents for attachment to transactions or for storage in the repository. Documents could
support due diligence, provide additional transaction information or could be stored just for safe-keeping.
Messaging
Built-in encrypted messaging services secure communications between a client and
your back-office message groups such as Accounting or Customer service. Messages can be exchanged between
a client and other clients if so authorised which, for example, allow an agent to keep in touch with
clients whom the agent has referred.