NovaEngine including connection to your software solution
NovaEngine handles all communication with financial institutions, allowing you to focus on your core business. The platform ensures communication via web services (APIs), enabling cloud solutions for bank communication. Depending on requirements, the solution can be flexibly enhanced at any time with additional modules such as liquidity management or ISO-20022 conversions.
The three core functions of NovaEngine
NovaEngine builds on a basis of three core functions, which ensure that online banking access details are recorded and managed by customers and that connections to individual banks are secure.
Contract
Management
- Recording of bank contracts by customers
- Management of bank contracts and amendments to existing contracts
- Management of individual employees’ access rights to company accounts
- Four eyes principle and signatory rules for corporate customers
Communication
Management
- Secure connection to third-party banks through electronic channels
- All authentication methods and all data formats of the connected banks
- For corporate customers, storage and secure exchange of certificates and keys
Security
Management
- Access management possible using IP fencing and private key storage via HSM
- Strong authentication for PSD2 possible using Vasco and PhotoTan
- Security-hardened and checked, secured audit trails
- Highest degree of security through the use of EBICS for corporate customers
Modules
Thanks to the modular structure, the portal solution’s functionality can be adapted to your individual requirements as a software publisher. The foundation for this is the basic module which ensures that all financial institutions are aggregated for your customers. You an also extend the services you offer by adding other modules.
Basic module
AGGREGATION
- Importation and processing of account statements
- Aggregation of all account data
- Representation of all payment flows and debits
Customer benefits
- Transparency regarding all payment flows within the company
- Efficient management of their financial situation thanks to a structured overview
- Better planning of expenditure/revenue
- All cashflows recorded in one portal
Basic module
PAYMENT
- Upload of financial data/payment files
- Payment approval by means of Distributed Electronic Signature (VEU)
- Upload and download VEU signature folders
Customer benefits
- Efficient processing of payments to banks supporting EBICS (Germany and
Switzerland), as well as banks with Swiss interface standards - Increased security when releasing payments
- Payments released by multiple employees
Further add-on modules
- ISO-20022 conversion, e.g. DTA to pain.001
- Liquidity management, e.g. planning data and cash pooling
Customer benefits
- Industry-specific expansion for your customer group
- Flexible design as required
- Supports all current authentication methods
- Intersys, EBICS, interactive protocols like UBS OFX, CS DirectNet etc.
Independent of the operating system
- Supports all common data formats, e.g. MT940, DTA or EZAG
- Full support of ISO-20022 formats: pain.001, pain.002, pain.008, camt.052, camt.053, camt.054
- Wide range of format conversions, e.g. DTA to pain.001, camt.054 to ESR (V11)