Precise Financial Systems

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A Celebration of 25 Years of Innovation

On May 14, 2019, Precise Financial Systems Ltd. threw a party to celebrate 25 years of breaking barriers in software development. From July 1992, when it got registered as PEE-AARR Consulting Limited to when it changed its corporate name in May 1998 to PFS .

UBISS

UBISS is the Intra-group FX Settlement Systems for Banks and Other Financial Institutions.

It’s a GROUP INTEGRATED EFT SETTLEMENT HUB

The multi-products and multi-currency FX settlement hub for cross-border financial transactions settlement for international financial institutions with considerations for:

  • Countries in Different Regions.
  • Countries in Same Region.

Interested in getting UBISS, the best ntra-group FX Settlement Systems for Banks and Other Financial Institutions?

FUNCTIONAL SPECIFICATIONS

  • UBISS is to reduce the demand and cost of sourcing for Foreign Exchange (FX) within the Group by limiting FX demand to the net position of all cross-border transactions of each Country/Affiliate.
  • The solution provides a Group-based platform through which all cross-border dealings will be strictly monitored at the Group’s Hub and same timely reported upon for final settlement.
  • The Hub Settlement System provides a drilled down picture of the settlement sum against or for an Affiliate across the currency-based constituting products for any given settlement session. Affiliates will be advised of net settlement figures which will impact respective Settlement/Nostro accounts.
  • The Solution also recognizes the management of mini-Hubs for the purpose of segmented settlements among Affiliates which trade in same currencies and share settlement accounts custodians.
  • At all times, the Hub maintains only asset and liability balances.
  • The Hub Settlement Solution sets the right tone of an enabling environment for an automated EFT accounts reconciliation system, Group-wide

Our Values

Our clients are our ultimate teachers and instructors, our goal is their satisfaction.

We work with utmost sincerity to our counter parties as well as ourselves.

Our work environment is conducive to germinating and nurturing brilliant ideas.

Individuals are allowed to express themselves in the manner they feel most natural. 

our clients