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

Options

Corniche Basic Module

The basic module contains the following elements required in every CornicheTM application:

- Application database management and update.
- Managed entity creation and maintenance.
- User creation, maintenance and rights assignment.
- Currency management and currency and interest rate retrieval and margins maintenance.
- Multiple currency General ledger administration and posting.
- Personal environment management.
Corniche Banking

This option provides the ability to manage private banks and offshore banks. It includes:

- Bank account class creation and maintenance.
- Service fees and charges maintenance.
- Client creation and maintenance.
- Client bank accounts creation and maintenance.
- Current and money market accounts, trading and card accounts.
- Savings accounts.
- Term deposit accounts.
- Loan, mortgage loan and discounted loan accounts.
- Call accounts.
- Certificates of Deposits.
- Securities accounts (requires Corniche CorporateTM).
- Memo accounts (non-posting scratchpad accounts).
- Overdraft and loan guarantee control.
- Sweep and Overdraft Protection features.
- CornicheNetTM access rights assignment (requires CornicheNetTM option).
- Client bank account transactions posting.
- Secure messages application.
- Client on-line transactions management.
- Client standing-orders management.
- Client statements and other reports.
CornicheNetTM On-line Banking

This option provides on-line banking facilities. It requires Corniche BankingTM, and includes the following functions for the clients of a bank:

- Profile review and adjustment.
- Portfolio review, consolidated to any currency.
- Statements of account.
- Payments, including multi-signatory payments.
- Between own accounts.
- To another client of the bank.
- By wire transfer.
- By Bankers Draft.
- Standing Orders.
- Secure messages.
Corniche Card Management

This option allows the integration of a card solution from a third-party card supplier/processor. All of the basic elements to support the following activities are provided. Interfaces to a number of card processors are already available and adding new interfaces is simple, quick and inexpensive.

- Card processor secure linkage management.
- Card issuance management.
- Card suspension and other control mechanisms.
- Card load and unload.
- Optional transaction authorization for credit cards.
Corniche Commodity Exchange

This option allows the management of a commodity brokerage business with storage of value in either physical or digital commodity format or both. Commodities are treated as just another currency.

- Any commodity in any measurement system is supported.
- Commodity may be physical or digital.
- Commodity movements/payments between clients.
- Interface to online commodity rate service for exchange rate updates.
- Commodities portfolio can be expressed in any currency.
Corniche DocSafeTM

This option provides the ability to place key documents on-line for review by staff or clients as necessary:

- Centralised secure document repository.
- Scan from any Twain-compliant scanner.
- Review on back-office workstations, subject to necessary permissions.
- Review in client browser, subject to necessary permissions.
- Can be used with all other CornicheTM applications/options.
Corniche ActiveAccess


This option protects the bank or exchange from the bad online habits of its customers by requiring that a random number, generated from a secure but inexpensive hardware token, be entered during login and optionally when certain critical transactions are requested. This service can optionally be charged for on a periodic basis and if refused, allows the grounds to deny claims for restitution of assets if internet fraud takes place.

- Three factor authentication - username, password, random number generated by token.
- Allows for authenticated online signatory identification.
- Commodity movements/payments between clients.
- Eliminate claims based on fraudulent access.
- Chargeable account protection service.
- Add further authentication to the Signatory role.
Corniche API

This option can be used in many ways to drive the accounting within Corniche from another application. For example, a trust company affiliated with a bank could be operating a legacy trust management application and can enquire directly from the application as to trust balances held as bank accounts within Corniche. As another example, a bank might allow a trusted Partner of a bank to be granted controlled Branded Account facilities (where the bank account class is named after the Partner and is used only by the Partner's clients/members and, via a secure mechanism, to carry out certain profiling and accounting actions on the branded accounts, if so authorised by the bank, including but not limited to:

- Creation and amendment of account profile.
- Creation of linked branded accounts.
- Enquiring on linked branded accounts.
- Posting transactions between the account(s) of the branded entity and its branded client accounts.
- Obtaining the balance of a linked branded account.
- Posting inter-currency, inter commodity, and/or currency/commodity transactions.
Corniche Merchant Payments

This option allows a merchant which has an account with a bank operating Corniche to accept payments for goods and services by direct debit from other clients of the bank. Typically, a button with the bank's logo and the words "Pay from" or similar are added to the Merchant's Check-out page. Once clicked on by a customer, the payment is handled by the bank and if successful, the client and merchant are informed. Delivery of the goods and/or services can then immediately take place:

- Merchant must have an account with the bank.
- Merchant must extend its store-front to include the merchant's side of the payment process.
- Corniche will indicate whether a payment was unsuccessful or successful and will route the client
to the appropriate Merchant page.
- Payments can be limited by merchant to specific currencies and/or commodities.