Leading financial technology provider processes 33 million financial messages per month in its secure data centers
NEW YORK, Sept. 26, 2016 /CNW/ - DH Corporation ("D+H") (TSX: DH), a leading provider of technology solutions to financial institutions globally, today announced it has rebranded its flagship financial messaging platform as Total Messaging. Previously known as Global Messaging Plus, Total Messaging is the technology gateway for D+H's financial messaging service bureaus. D+H's financial messaging platform was originally launched in 2013 and helps banks and corporations improve performance and reduce costs while meeting the highest standards of reliability and security. Today, D+H processes over 33 million messages each month in secure data centers.
Total Messaging provides banks and corporations with a cost-efficient, secure and reliable platform to initiate, process and support electronic payment messages across a wide range of settlement systems, including SWIFT, SEPA, SIC, euroSIC, SECOM, CLS, CREST, FED and Chips. Total Messaging supplies the latest formatting standards and includes the connectors, integration and plug-ins required for conversion, compliance and reconciliation, ensuring a client's technology investment is future-proofed. It accelerates iteration cycles, increases efficiency, and reduces costs by improving straight-through processing rates through a combination of rapid on-boarding tools and message transformation capabilities.
D+H continues to add new functionality, including:
- Payment order management, which enables banks and corporations to transform incoming message files into the standard formats required by the receiving systems;
- SEPA payments for financial institutions in non-Euro countries that are part of the SEPA agreement; and
- Sanction list filtering, which allows banks and corporations to reduce the number of costly "false positives" associated with anti-money laundering compliance by having messages automatically filter through the appropriate lists according to a customer-selected degree of specificity.
The solution is delivered as a customized on premise solution or through a service bureau hosted model, delivered through service bureaus in Switzerland, the United Kingdom and the United States.
"Banks and corporations need a technology that can simplify payment messaging, eliminating manual intervention, reducing risk, ensuring security and improving efficiency," said Per Trifunovic, Global Head of Financial Messaging at D+H. "We have experienced a great demand for our financial messaging platform and continue to make investments to ensure that our customers benefit from innovative, leading technology, both now and in the future."
D+H has almost 30 years of experience in financial messaging. It operates one of the world's largest SWIFT service bureaus and is the first company in the world to have two of its service bureaus awarded with the Premier Operational Practice label from SWIFT. It has also been named "Best SWIFT Utility Access" by Global Finance for three consecutive years, as part of the publication's World's Best Treasury & Cash Management Awards.
D+H (TSX: DH) is a leading financial technology provider that the world's financial institutions rely on every day to help them grow and succeed. Our global payments, lending and financial solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues in excess of $1.5 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward rankings. For more information, visit dh.com.
SOURCE DH Corporation