Nymbol Correspondent is a single solution, fully-integrated, web-based online banking platform for correspondent financial institutions. Automated, straight-through processing integrates functions, reports and accounting for your correspondent services - allowing you to deliver the highest level of customer service at the lowest possible staffing and operating costs.

Nymbol Correspondent has resided on more than 20,000 desktops in 1,400 financial institutions in the United States.

Advantages

A single point of entry and end-to-end processing provide the lowest operating costs. Using your institution's custom-branded respondent portal, Nymbol Correspondent allows processing of most correspondent financial transactions in any monetary currency, including:

• Wire transfers
• ACH files
• Coin and currency orders
• TT&L deposits
• Investment transactions
• International payments

Our technology allows you to achieve lower operating cost through minimized staffing, resulting in:

• Increased operational efficiency
• Improved marketplace position
• Enhanced product delivery
• Maximized profitability

Features

Account Information

Nymbol Correspondent provides access to account balances and transactions for cash position monitoring.

• Real-time access to your respondents' accounts within your institution
• Transactions include entries initiated by both your institution and the Federal Reserve Bank
• Daily, weekly and monthly account statements to accommodate any reconcilement schedule

Domestic Wires

Nymbol Correspondent provides fast and efficient wire processing solutions.

• Full suite of wire transfer services
• Import outgoing wire transfer information and export incoming wire transfer data for complete automation
• User-approved wires transmitted directly through your connection with the Federal Reserve Bank

OFAC

Nymbol Correspondent provides OFAC scanning for all outgoing domestic wire transfers, international wire transfers and foreign drafts.

• Easy-to-read format presents results and allows users to add comments regarding their findings
• Comprehensive reports available to summarize scanning results

Email Notifications

Timely notification of wire transfers to respondent financial institutions.

• Send email notifications to internal staff and/or your respondent customers
• Incoming domestic and international wire transfer receipt
• Outgoing domestic and international wire transfer processing

ACH Services

ACH origination, receipt and return services are available through Nymbol Correspondent.

• Create or import ACH origination files
• Generate ACH Returns and NOCs
• Respondents can receive ACH information files or IAT output file sort through Nymbol Correspondent

FRB Services

Once approved by the user, orders/shipments are transmitted directly through your connection with the Federal Reserve Bank.

• Coin and currency orders/shipments
• Large dollar return item notifications

International Services

Send and receive international funds transfers in foreign or US currency.

• Foreign drafts
• Wire transfers
• Currency
• Travelers checks
• Foreign check processing

Security

Multi-layered security for your custom-branded respondent portal.

• Unique user name and password
• Two-layer authentication process
• Client certificate authentication required for access

Administration

Single or dual-approval controls and auditing.

• Customized transaction specific controls
• Multiple administrator capability
• Enter and edit transaction and user settings in either a single or dual-control environment
• Audit log records user actions and can be exported for long-term retention

Nymbol Broker/Dealer

Financial institutions providing broker/dealer services can integrate Nymbol Broker/Dealer enterprise engine with Nymbol Correspondent to provide downstream investment customers with:

• Web delivery of investment purchases and sales
• Safekeeping and bond accounting reports
• General ledger entries for investment portfolio activities