TXstream logo

TXstream

by Synthesis Software Technologies · Since 2016
No reviews yet
Active1+ countriesCloud
Quick facts
VendorSynthesis Software Technologies
Year launched2016
StatusActive
Location3 Melrose Boulevard, Johannesburg, South Africa, 2076
Countries served1+
Languages1
IntegrationsN/A
Free tierN/A
Free trialN/A
Contact salesYES

About TXstream

TXstream by Synthesis Software Technologies is a financial services software solution developed to support transaction processing, payment management, and enterprise-level financial operations.

TXstream by Synthesis Software Technologies is a financial services software solution developed to support transaction processing, payment management, and enterprise-level financial operations. The platform is designed to help organizations manage high-volume financial transactions efficiently while maintaining security, compliance, and operational accuracy. TXstream is commonly positioned as a solution for banks, financial institutions, payment processors, and enterprises that require reliable transaction handling and integration capabilities. Key features typically include payment processing automation, transaction monitoring, reporting tools, reconciliation management, and secure data handling.

Pros & Cons

Pros
  • It stops that annoying back-and-forth by telling you exactly what documents you need from the start.
  • The system handles the heavy lifting of compliance so your team doesn't miss deadlines or get hit with fines.
  • You don't have to buy the whole thing at once since the parts can be licensed separately.
  • It works across several African countries, making it a great fit if you're looking to expand your reach.
  • Having a single rules repository means everyone stays on the same page without having to double-check everything manually.
Cons
  • You’ll likely need a fair bit of technical setup to hook it into your existing banking software correctly.
  • The "coming soon" regulators mean you're still waiting if you do a lot of business in Eswatini or Botswana.
  • It seems heavily focused on Southern Africa, which might not help if you have global reporting needs.
  • The text doesn't mention AML or FIC reporting, so you might still need other software for those tasks.
  • Smaller firms might find the enterprise-level architecture a bit overkill for their simpler reporting needs.

Features

Key features

Multi-Regulator Reporting

Automates compliance across multiple Southern African central banks including SARB, BON, CBL, and RBM from a single platform.

Centralised Rules Engine

Provides a single repository for FinSurv-compliant validation rules that ensures enterprise-wide consistency and reduces manual oversight.

Straight-Through Processing (STP)

Facilitates the seamless flow of data from electronic BOP forms directly to the regulator to eliminate manual data entry errors.

Intelligent Document Validation

Evaluates exactly which documents are required for specific transactions to ensure customers only provide necessary information once.

Modular Licensing Architecture

Allows businesses to license specific components like the Rules Engine or Submission System independently based on their unique infrastructure needs.

Automated Balancing Module

Handles the complex duties of balancing and reconciling cross-border transaction data to ensure accuracy before final submission.

Additional features

TXstream Submission System

Provides the necessary automation and tooling to submit data to BOP3 regulators via DEX API or other integrated mechanisms.

FinSurv Report Services

Offers a service-oriented architecture that allows banking channels to generate customized online or offline regulatory reports.

FinSurv Rules Engine

Delivers centrally managed validation logic that can be adapted to specific business needs for consistent data handling.

Electronic BOP Form

Enables back-office staff or customers to capture Balance of Payment information accurately at the point of origin.

Cross-Border Transaction Monitoring

Includes smart tools designed to evaluate and monitor transactions in real-time to ensure they meet regulatory standards.

Seamless Integration

Connects with existing banking systems to minimize the operational impact of regulatory reporting on internal workflows.

Regulatory Artifact Reuse

Permits the reuse of existing reporting logic and data artifacts so that systems do not need to be rebuilt from scratch.

Automated Validation

Checks data against current regulations instantly to prevent the submission of incorrect or incomplete information to central banks.

Deadline Management

Tracks reporting timelines to help institutions avoid the financial penalties associated with missed or late submissions.

Support for AD and ADLA

Caters specifically to the requirements of both Authorised Dealers and Authorised Dealers with Limited Authority.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

1
Countries served
1
Interface languages
1
Billing currencies

Available in

South Africa

Interface languages

English

Billing currencies

🇿🇦ZAR

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