Nymbol Technology Launches its new automated wire transfer software.

As we can observe, this company each time aims to dig the difference with its competitors. In this momentum, yesterday, Nymbol Technology which develops and markets integrated straight-through processing software for securities brokers and
dealers, financial institutions, has unveiled its new automated wire transfer software.

Connectikpeople has observed that, this software allows:

·        Users and branch personnel to input the data once and process the wires straight through the Federal Reserve, including automated Office of Foreign Assets Control (OFAC) scanning.

·        The software also creates general ledger entries, posts the entries back to the originator’s account and sends an email notification to the sender which requires no manual interaction during the process (according to Nymbol Technology , this added functionality helps eliminate the potential for processing errors and reduces staffing needs).

 The software additionally lets:

·        Financial institutions extend wire transfer instruction input to end customers.

·        The software allows institutions that offer international wire transfers to hold the transactions, per new consumer protection regulations.

About Nymbol Technology

Headquartered in Atlanta, Nymbol Technology develops and markets integrated straight-through processing software for securities brokers and dealers, financial institutions offering correspondent banking services and central banks. Each Nymbol product is licensed directly to customers or delivered as software as a service (SaaS) and can be implemented one module at a time. Nymbol’s web-based products are fully automated and deliver the highest level of customer service with the lowest operating and staffing costs.