Moving Forward . . .
Idola - Aegis an OFAC solution for IAT
Aegis 1.0
Aegis is the only comprehensive middleware solution that would be required within a financial institution
to monitor, screen, reconcile, audit and generate reports on all ACH transactions. Aegis's architecture allows
financial institutions to integrate with their preferred OFAC solution. It is designed to intercept all incoming
and outgoing ACH transactions and identify the type of transactions before routing and screening these transactions.
Click here to download the detailed Aegis Product Description
The architecture of Aegis is based on a Service Oriented Architecture
ACH Viewer
View ACH (domestic and International) Messages in a user friendly format with respective
labels for each field
Proper formatting of Date, Currency and Country Lookup
ACH Parsing
The core engine of the product
Parses the ACH message and splits the message into multiple transactions
OFAC Screening Interface
Split Mode Operation
Highlight Mode Operation
"Re-Packaging" of IAT Transactions
Exception Handling
Detailed and automatic exception handling
Reconciliation
End of Day reconciliation on messages received versus message scanned and forwarded.
Audit Trail and Reports
Details audit trails of all incoming and outgoing messages, messages sent and response received
from the OFAC screening application
Management and summary reports based on date ranges.
Automated, Reliable and Quick processing of transactions
Easily scalable to meet the growing needs of the Financial Institutions
Highly customizable and plug and play architecture enabling integration with any payment or OFAC
Screening systems
No disruption to straight through processing rates for transaction without OFAC risk
Comprehensive audit trails to demonstrate compliance due diligence
Improve operational efficiency
Low upfront cost for setup and operations
Provide Dashboard reports for senior management
