Standard Settlement Instructions ensures a fast and accurate cross-border payments process, help reduce settlement risk and improve your straight-through processing (STP) rates.
Standard Settlement Instructions (SSI’s) are defined as a Legal Entities Settlement Instruction for which key information remains the same from one settlement to another (i.e., bank, account number and account name), with only the amount and value date modified. However, there are intricate details within each instruction for settlement which differ for each entity as well as any sub-entity.
Every Financial institution or global corporation needs to process thousands of cross-border retails and/or FX and money market-related payments is crucial and standard settlement instructions are the key for completing financial and/or securities transactions between two entities.Read more about FinTech
Datum’s ace Insure-Tech solution drive the digital transformation journey for Insurance industry –with Artificial intelligence, machine learning, predictive analytics, mobile service, live chat, etc. It focuses on automating reparative task and better insight through smart solutions.Read more about InsurTech
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