COREX Platform Capabilities
The COREX Platform offers a comprehensive set of capabilities that can be configured based on client requirements and subscription tier. Each capability is identified by a standard code (SCTxx) and can be enabled or configured to different levels depending on client needs.Capability Categories
Core Capabilities
SCT01-03: Distribution channels and country operations
Payment Capabilities
SCT04, 08-10: Payments, cards, FX, closed-loop
Management Capabilities
SCT05-06, 11: Subscriptions, analytics, compliance
Advanced Capabilities
SCT07, 12-13: Omni-channel, networks, assets
Core Capabilities
SCT01 - B2C Distribution Channel
The B2C Distribution Channel provides interfaces for individual customers to access financial services. Features:- Customer registration and onboarding
- Account management and overview
- Transaction history and statements
- Payment initiation and management
- Customer support access
- Personal settings and preferences
- Web Interface: Browser-based responsive application
- Mobile - Android: Native Android application
- Mobile - iOS: Native iOS application
| Level | Description |
|---|---|
| Basic | Single platform (Web OR Mobile) with essential features |
| Standard | Two platforms (Web + one mobile platform) with full feature set |
| Advanced | All platforms (Web + Android + iOS) with biometric authentication and offline capabilities |
SCT02 - B2B Distribution Channel
The B2B Distribution Channel provides interfaces for business customers with multi-user access and role-based permissions. Features:- Business entity registration and verification
- Multi-user access with role-based permissions
- Bulk payment processing
- Business account management
- Reporting and analytics
- Integration with accounting systems
- Web Interface: Browser-based responsive application
- Mobile - Android: Native Android application
- Mobile - iOS: Native iOS application
| Level | Description |
|---|---|
| Basic | Web-only interface with essential business account management |
| Standard | Web + one mobile platform with full business features and multi-user support |
| Advanced | All platforms (Web + Android + iOS) with accounting integrations and custom workflows |
SCT03 - Country of Operation
A foundational core capability that defines where a tenant can operate and is used by all other capabilities. Features:- Allowed country lists - Countries where operations are permitted
- Denied country lists - Countries where operations are restricted
- Localized interfaces and content
- Country-specific compliance features
- Regional payment methods and banking connections
- Local currency support
- Country-specific reporting requirements
- Each capability (SCT01-SCT13) can have its own country configuration
- Tenants can enable specific capabilities in specific countries
- Different compliance requirements can be applied per country
- Capabilities can be gradually rolled out to new countries
| Level | Description |
|---|---|
| Single | Limited to one country with full compliance |
| Regional | Multiple countries in a region (e.g., EU, APAC) with regional compliance |
| Global | Worldwide operation with country-specific compliance for each market |
Payment Capabilities
SCT04 - Instant Payment
Real-time payment processing capabilities for immediate fund transfers. Features:- Real-time transaction processing
- Instant payment notifications
- 24/7 availability
- Transaction status tracking
- Fallback mechanisms for failed transactions
| Level | Description |
|---|---|
| Basic | Standard processing times |
| Standard | Same-day processing |
| Advanced | Real-time processing with instant confirmation |
SCT08 - Usage of External Bank Cards
Integration with external card networks for payment processing. Features:- Card registration and management
- Card transaction processing
- 3D Secure authentication
- Recurring payment setup
- Card tokenization for security
| Level | Description |
|---|---|
| Basic | Limited card types and transaction volumes |
| Standard | Full card support with standard security |
| Advanced | Enhanced security features and specialized card types |
SCT09 - Multi-Currency Financial Operation
Support for operations across multiple currencies with exchange capabilities. Features:- Multi-currency accounts
- Foreign exchange services
- International payment processing
- Currency conversion reporting
- Exchange rate management
| Level | Description |
|---|---|
| Basic | Limited currency support (major currencies only) |
| Standard | Extended currency support |
| Advanced | Complete global currency support with real-time FX |
SCT10 - Closed-loop Operation
Self-contained financial ecosystem for specific use cases. Features:- Internal wallet system
- Closed network transactions
- Custom payment instruments
- Specialized loyalty integration
- Controlled ecosystem management
| Level | Description |
|---|---|
| Basic | Simple closed-loop transactions |
| Standard | Full closed-loop ecosystem |
| Advanced | Hybrid closed/open loop with external connections |
Management Capabilities
SCT05 - Subscription Business Performance Management
Tools for managing subscription-based business models and recurring revenue. Features:- Subscription plan management
- Recurring billing automation
- Subscription analytics and reporting
- Customer lifecycle management
- Churn prediction and prevention
| Level | Description |
|---|---|
| Basic | Essential subscription management |
| Standard | Full subscription business tools |
| Advanced | AI-powered subscription optimization |
SCT06 - Decision Support System
Analytics and intelligence tools to support business decision-making. Features:- Business intelligence dashboards
- Data visualization tools
- Predictive analytics
- Custom reporting
- Decision recommendation engine
| Level | Description |
|---|---|
| Basic | Standard reports and basic analytics |
| Standard | Interactive dashboards and custom reporting |
| Advanced | AI-powered predictions and recommendations |
SCT11 - Compliance Management
Tools and features to ensure regulatory compliance across operations. Features:- KYC/AML verification workflows
- Regulatory reporting
- Transaction monitoring
- Audit trail and logging
- Compliance documentation management
| Level | Description |
|---|---|
| Basic | Essential compliance features |
| Standard | Comprehensive compliance management |
| Advanced | Automated compliance with regulatory updates |
Advanced Capabilities
SCT07 - Omni Channel
Seamless experience across multiple customer touchpoints and channels. Features:- Consistent user experience across channels
- Cross-channel transaction continuity
- Unified customer data view
- Channel-specific optimizations
- Centralized channel management
| Level | Description |
|---|---|
| Basic | Limited channel integration |
| Standard | Core channel integration |
| Advanced | Complete omnichannel experience |
SCT12 - Financial Network Access
Connectivity to financial networks and banking systems. Features:- Banking network integration
- Payment scheme access
- Correspondent banking relationships
- Network status monitoring
- Fallback routing mechanisms
| Level | Description |
|---|---|
| Basic | Limited network access |
| Standard | Regional network access |
| Advanced | Global network access with redundancy |
SCT13 - Financial Asset Management
Tools for managing various financial assets and investments. Features:- Asset portfolio management
- Investment tracking and reporting
- Risk assessment tools
- Performance analytics
- Asset allocation optimization
| Level | Description |
|---|---|
| Basic | Simple asset tracking |
| Standard | Comprehensive asset management |
| Advanced | Sophisticated investment tools and strategies |
Capability Configuration by Subscription Tier
Each subscription tier includes a specific configuration of these capabilities:| Tier | Included Capabilities |
|---|---|
| Starter | SCT01 (Basic), SCT03 (Single), SCT04 (Basic), SCT11 (Basic) |
| Professional | SCT01-02 (Standard), SCT03-04 (Standard), SCT08-09 (Standard), SCT11 (Standard) |
| Enterprise | All capabilities at Advanced level |
| Custom | Tailored configuration based on requirements |