ABS - Automated Banking Core

Automated Banking Core — The Heart of Smartex Money

The Smartex ABS (Automated Banking Core) is the central engine of the Smartex Money platform. Built on enterprise-grade Java EE technology, it provides a comprehensive suite of core banking modules designed to power modern financial institutions — from digital banks to payment service providers and microfinance organizations.

Every transaction, account operation, and financial calculation flows through the ABS Core. Its multi-currency, multi-tenant architecture supports unlimited account types, currencies, and branches — making it the single source of truth for your entire FinTech operation.

Core Banking Modules

Account Management

Multi-currency accounts with configurable types — current, savings, escrow, and loan accounts. Commissions, service fees, and exchange rates per account type. Full lifecycle from opening to closure.

Bank Accounts

Correspondent bank account tracking, bank statement import and reconciliation. Automatic matching of statements to internal transactions. Multi-bank, multi-currency support.

Currency Rates

Auto-load official and commercial rates from Reuters, Bloomberg, ECB, and custom sources. Configurable spreads per customer segment. Historical rate storage and audit trail.

Loans Issuing

Full loan lifecycle management integrated with Loan Farm. Origination, disbursement, repayment scheduling, interest calculation, and closure. Support for multiple interest calculation methods.

Loan Groups

Group loan responsibility management. Joint liability, group repayment tracking, and member-level breakdown. Group formation and eligibility checks.

Guarantee Issuing

Bank guarantee issuance system. Performance bonds, advance payment guarantees, and tender guarantees. Automated expiry tracking and claim management.

Invoice Issuing

Automated invoicing with e-invoicing compliance. Invoice generation, sending, tracking, and payment link integration. Multi-currency and multi-tax support.

Deposit Products

Term deposits, savings accounts, and certificates of deposit. Automated interest calculation, maturity handling, and renewal workflows.

Regular Payments

Recurring payment management — standing orders, direct debits, and subscription billing. Automated execution and customer notification.

Payment Processing

Payment Management

Internal, SEPA, SWIFT, and incoming external payments. Full payment lifecycle from initiation to confirmation. Multi-currency, multi-channel payment processing.

Batch Payments

High-volume batch processing for payroll, vendor payments, and pension disbursements. File import (CSV, XML, ISO-20022) with validation and error handling.

Payment Requests

Counterparty payment requests with approval workflows. Request generation, tracking, and automated matching. Integration with Flow Modeler for custom approval chains.

Payment Monitoring

Confirmation and rejection system. Real-time payment status tracking. Exception handling and manual intervention workflow. Full audit trail for every payment.

Regular Payments

Recurring payment management. Standing orders, direct debits, and subscription billing. Automated execution with retry logic and failure notification.

Multi-level Approval

Configurable approval workflows for payments. Role-based, amount-based, and risk-based approval routing. Maker-checker pattern with segregation of duties.

Security & Compliance

Access Control

Role-based user and admin access. Granular permissions per module, function, and data field. Integration with Smartex SSO for centralized authentication.

Audit Trail

Complete audit trail of every transaction, configuration change, and user action. Tamper-proof logging with cryptographic chain validation. Exportable for regulatory audits.

Compliance Integration

Native integration with Compliance Guard for real-time sanctions screening, AML monitoring, and SAR generation. Every transaction is screened automatically.

Data Encryption

Sensitive fields encrypted at rest via Cryptex DB. AES-256-GCM encryption with virtual HSM key management. PCI DSS, GDPR, and FIPS 140-2 compliant.

Transaction Monitoring

Real-time transaction monitoring with configurable rules. Integration with ADS Engine for AI-powered fraud detection and anomaly alerts.

Multi-signature

Multi-signature approval for high-value transactions. Configurable thresholds and approval chains. Digital signature support with certificate validation.

Technical Architecture

Java EE Foundation

Built on enterprise-grade Java EE technology (Tomcat/WildFly). Proven reliability with 99.99% uptime. Horizontal scaling for high transaction volumes. Sub-100ms response times for account operations.

Database Layer

MariaDB Galera cluster for high availability. Master-master replication with automatic failover. Read replicas for reporting workloads. Cryptex DB encryption for sensitive fields.

API-First Design

Every function available via REST and SOAP APIs. OpenAPI/Swagger documentation auto-generated. Webhooks for event-driven integration. SDK for Java and Python.

Multi-Tenant

True multi-tenant architecture for SaaS deployments. Per-tenant data isolation, encryption keys, and branding. Shared infrastructure with cryptographic separation.

Ready to power your FinTech?

The ABS Core is the foundation of the Smartex Money platform. Schedule a demo to see how it can power your financial institution.

Request a Demo