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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
Aegis Core Engine
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
  • ACH Conversion Utilities
    • ACH to Excel, CSV, XML
  • 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