Financial Services - , ,
The Claimatrix system has been specifically designed to address the poor practices in the Financial Services Industry to issue and settle claims across all asset types and financial transactions in a enterprise wide, real time environment. The system operates as a SaaS model on a web based browser and can be implemented swiftly without disruption to deliver immediate benefits in terms or risk mitigation and process enhancement. The platform is fully collaborative affording members one point of contact across all asset types for real time Claim resolution. Claimatrix provides benefit to all Financial Services companies. In a real time environment the system will: • Improve claims process efficiency, • Identify settlement and claim inefficiency, • Enable enterprise wide counterparty payables/receivables exposures, • Allow full enterprise-wide point and life cycle audit trails, and • Enable cost accrual for all failing trades. iBase claimatrix supports real time automated claims for: • Interest (all financial instruments) • Stock Loan/ Borrows • Securities Buy-Ins • Corporate Actions - Dividends • Corporate Actions - Stock • Payments • Overdrafts • Foreign Exchange Transactions • Generic Claims: multi-variable template • TMPG Fails Fine