Intercope’s BOX product provides a single window for the financial messaging and gateway requirements of our customers. As well as network and market infrastructure connectivity, BOX has comprehensive functionality for back office integration, manual message processing, warehouse, and archiving.
Fully integrated with the customer’s choice of infrastructure, the solution is based on a robust and format independent engine. BOX includes a flexible workflow engine for file/message management and orchestration – including routing, exception handling and interoperability with one or more networks and market infrastructures.
BOX supports multiple financial networks (EBICS, SIAnet and SWIFTNet) on the same platform, with further network interfaces implemented based on customer community demand.
BOX is a native ISO 20022 solution and presents the same look-and-feel for either SWIFT FIN, ISO2022 XML, EBICS and SIA messages. BOX has the complete ISO 7775 / 15022 and 20022 stacks with embedded transformations for SEPA, TARGET2, HVPS+, CBPR+, CHAPS, MEPS, CHATS and all migrating schemes stored and managed in the Message Warehouse. BOX provides monitoring, reporting and real-time dashboards of all activities for full view and control.
Conversion of industry files/messages to/from proprietary and legacy formats in BOX allows customers to shield their back-office applications from SWIFT and market infrastructure scheme changes. This is managed through new GUI driven configuration. Complete message and file validation (syntax, semantics, cross-field) is provided as well as bi-directional conversion for SWIFT MT / MX messages per schemes managed and maintained by Intercope.
BOX provides manual and automated message processing, error handling, with comprehensive workflow and routing. The new BOX payments message warehouse with archiving provides a full view of all data activities in/out of the bank, co-existence of all new (ISO 20022) and old scheme messages, side by side, with any truncated data. This provides full overview for all reconciliation activities for individual scheme and cross border payments, and very importantly a single source for regulation reporting.
A unique to the market multi-network solution. BOX supports multiple financial networks (EBICS, SIAnet and SWIFTNet) on the same platform. Protocol specific functions are implemented in dedicated interfaces and decoupled from the rest of the application, allowing connections to further networks without changing the Messaging server core. BOX supports the concurrent use of these multiple financial networks on the one instance. BOX customers can uniquely decide which market infrastructure to best use for business decisions and not just based on technology and network limitations. This protects and regulates BOX customers for Systemically Important Payments Systems (SIPS) oversight requirements by removing all single points of failure – future proofing against increased regulation.
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SINGLE WINDOW SOLUTION
BOX supports multiple financial networks (EBICS, SIAnet and SWIFTNet) on the same platform for all messages and files.
It provides a single window, allowing our customers to rationalise or reduce the number of gateways they have onto a single BOX platform.
FLEXIBLE & DYNAMIC SOLUTION
Manage, segregate, enhance and store all financial messaging routing requirements and workflow management in the BOX solution (including integration to services, such as liquidity management and OFAC via API or other mechanism), reducing the complexity of your SWIFT and interbank infrastructure.
SECURE & ROBUST PLATFORM
BOX is SIAnet certified, SWIFT certified and SWIFT CSP certified including 2020 changes. Intercope and BOX are an industry forerunner in the SWIFT Customer Security Programme (CSP) being the first software vendor to self attest and customer attest for all SWIFT interfaces.
COMPLETE SWIFT SOLUTION
BOX supports all SWIFT business areas and interfaces (FIN, FileAct, InterAct, RMA). As BOX is de-coupled from the back-office payments applications/hubs, it shields these systems from on-going SWIFT maintenance and reduces the impact of network and scheme changes.
BOX also supports the SWIFT Instant Payments connection (Alliance Gateway Instant) live for both EBA RT1 and ECB TIPS.
HIGH SCALABILITY & AVAILABILITY
BOX is designed for and proven at tier 1 banks, central banks and service providers handling multiple banks (direct and indirect), and BICS on one system, with separated entities (i.e. with workflow, routing and data completely separated) running across multiple geographies and controlled by the customer. This lowers the risk of change to this mission-critical area of your business. The highest levels of resilience are supported thanks to true active-active capabilities including automatic fail-over support for in-flight messages across data centres and geographies.
RELIABLE & EXPERIENCED PARTNER
Intercope is focused on the financial messaging and gateway solution area solely, with a trusted list of reference customers with repeat projects and expanding implementations. We are the SWIFT consolidation and replacement project experts – replacing legacy and not fit for purpose SWIFT solutions at our customers. Our BOX user forum is a real asset to our customers, with an annual event where projects, industry events, and product updates are discussed. Our implementation team is vastly experienced, knowledgeable and trusted.
BOX supports multiple financial networks, such as EBICS, SIAnet and SWIFTNet providing customers with a multi-network switch and single view for payments messages and schemes.
Support of ESMIG Network Protocol for SIA-Colt & SWIFTNet
SEPA and STEP2 via SWIFTNet, SIAnet or EBICS
SEPA Instant for RT1 via EBICS or SIAnet
TARGET services (TARGET2, T2S and TIPS) via SIAnet or SWIFTNet
BOX can take a transaction from the customers payment application and transfer it without any destination or network specific envelope information.
BOX enriches the payments with the required/specific network information and hand over the data to the desired network based on variables such as availability, transmission cost, SLA, etc.
With its multi-network capability, BOX can connect to several clearing and settlement mechanisms (CSM), for the one payment scheme. This multi-network and multi-CSM capability on one platform allows customers to make business choices, which BOX will support. Customers can rationalise and reduce the number of gateways they have onto the single BOX platform.
BOX helps large institutions to handle multiple banks (direct and indirect), and BICS on one system, with separated entities (i.e. with workflow, routing and data completely separated) running across multiple geographies, controlled by the customer. This lowers the risk of change to the mission-critical area of your business.
BOX supports Instant Payments with messaging intelligence for continuous operations with an Active/Active/high-availability deployment on our customer’s choice of infrastructure. With additional multi-network functionality, BOX supports both EBA CLEARING RT1 and ECB TIPS for all network options.
Low latency with high scalability ensures high throughput and peak volume handling. BOX provides a unique dashboard for Instant Payments to support Operations.
BOX supports all SWIFT business areas and interfaces (FIN, FileAct, InterAct, RMA).
BOX is a trusted and secure solution. Intercope are an industry forerunner in the SWIFT CSP certification program. As the solution is de-coupled from the back-office payments applications/hubs, it shields these systems from on-going SWIFT maintenance and reduces the impact of network and scheme interruptions. It also allows customers to position the solution for all their inter-bank gateway requirements and SWIFT business areas inside a secure DMZ style network location – ensuring SWIFT CSP compliance on a single platform.
BOX offers full support for the ISO20022 including MT/MX coexistence and full support for the cross-border and High-Value payments migrations to ISO20022 beginning November 2021. BOX provides complete message and file validation (syntax, semantics, cross-field) as well as bi-directional conversion for SWIFT MT / MX messages per SWIFT and scheme defined conversion rules e.g. T2/T2S consolidation with full ESMIG support.
Conversion of industry files/messages to/from proprietary and legacy formats in BOX allows customers to shield their back-office applications from periodic SWIFT and market infrastructure changes. The November 2021 ‘big-bang’ migration is the ideal use case for BOX!
Zero downtime is an essential part of the BOX deployment capability. As instant payments become the new norm, this is a vital corner stone. BOX can be always active, 365/24/7. Downtime windows with weekends spent deploying solution patches and industry updates are issues of the past. Our customers require solutions which are constantly on, always available, fault-tolerant and with disaster-recovery embedded as default.
In the past, banks and financial institutions showed hesitation in adopting cloud-based offerings, citing potential security concerns and risks associated with migrating from on-premises systems. Today, it’s more common for financial institutions to embrace cloud-based applications, as they realise the benefits they can deliver in terms of cost reduction and efficiency – Payments are lumpy!
BOX deployments in cloud infrastructure container environments are tested with IBM Secure Service container and Red Hat Openshift container for private cloud deployment. New for 2020 we also now have an active BOX deployment working in the Mircosoft Azure cloud. This will allow our customers to run BOX environments off-premise and test new deployments without any hardware ordering or new system requirement.