Bank Connectivity for Financial Applications
Your customers expect your software to exchange information automatically with their financial institutions. Building and maintaining bank connectivity yourself can require significant development, testing, support, and ongoing maintenance as banks continuously evolve.
TreasuryAgent eliminates that burden.
Licensed by three of the industry's largest Treasury Workstation providers, TreasuryAgent gives your application secure, automated connectivity with your customers' financial institutions through their banks' online cash management websites. Your customers gain the benefits of fast, interactive, unattended banking automation without the cost and complexity of traditional connectivity solutions.
TreasuryAgent can operate as a standalone application or be completely embedded within your software. Simple APIs allow rapid integration with desktop, server, SaaS, and hosted applications while preserving your application's look and feel.
“We added enterprise bank connectivity to our product in days instead of years.”
Major Workstation Provider
Using TreasuryAgent, your application can:
Automatically retrieve balances, transactions, reports, and check images
Submit ACH, Fedwire, SWIFT, Positive Pay, and other banking transactions
Monitor banks for events and exceptions
Convert files to each bank's required format
Deliver normalized data directly to your application
Schedule banking activities or trigger them automatically from your software
TreasuryAgent performs these operations quickly and efficiently by communicating directly with the underlying technology of the bank's online cash management website. In testing, retrieving BAI files, intraday reports, and uploading payment files across up to 100 concurrent banking sessions has been completed in as little as seven seconds.
With TreasuryAgent your clients will pay lower fees:
Banks charge from $250 to $1,200/month/bank for file transfer.
Costs associated with websites are nominal or free.
TreasuryAgent offers client savings of $3,000/bank/year or more.
TreasuryAgent automates bank website services such as:
Prior day, intraday reports
Account reconciliation
Remittance processing
Payments (ACH, SWIFT, FedWire, Book Transfers)
Exceptions
Check services; Positive pay, STOPs, images and controlled disburse
Securities, trading, loans, investments
Trade finance.
