RUNC International Banking Solutions

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State-Of-The-Art

Technological

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Insights

DLT

Distributed Ledger Technology

Distributed Ledger Technology refers to the technological infrastructure and protocols that allows simultaneous access, validation and record updating in an immutable manner across a network spread across multiple entities or locations.

Distributed Ledger Technology, more commonly known as the Blockchain technology, was introduced by bitcoin and is now a buzz word in the technology world given its potential across industries and sectors. In simple words, the Distributed Ledger Technology is all about the idea of a ‘"decentralized" network against the conventional "centralized" mechanism, and is deemed to have far-reaching implications on sectors and entities that have long relied upon a "trusted third-party."

ZKP

Zero Knowledge Proof

A zero-knowledge proof or protocol allows a prover to assure a verifier that they have knowledge of a secret or statement without revealing the secret itself.

Completeness: If the statement is true, an honest verifier will be convinced by an honest prover. Soundness: If the statement is false, no cheating prover can convince an honest verifier that it is true.

Zero-knowledge: If the statement is true, no cheating verifier learns anything other than the fact that the statement is true.

Zero-knowledge proofs are probabilistic, since there is always some slight chance a crafty cheater will find a way to fool an honest verifier, but the concept does provide a pretty solid verification mechanism for an assertion while shielding all ancillary information related to that assertion. ZKP proofs let you validate the truth of something without revealing how you know that truth.

CSL

Currency Swap Line

In finance, currency swap is an interest rate derivative and one of the most liquid, benchmark products spanning multiple currencies simultaneously. A currency swap is a derivative contract, agreed between two counterparties, which specifies the nature of an exchange of payments benchmarked against two interest rate indexes denominated in two different currencies. It also specifies an initial exchange of notional currency in each different currency and the terms of that repayment of notional currency over the life of the swap.

This contract type also used in the banking industry at the level of central banks. It consists of an agreement between two central banks, at least one of which must be an international currency issuer, to swap their currencies. The central banks party to the swap transaction can lend the proceeds of the swap, against collaterals they deem adequate, to the commercial banks within their jurisdiction, to provide them with temporary liquidity in a foreign currency. This instrument is referred to by the US Federal Reserve as a central bank liquidity swap and by the People’s Bank of China as a central bank local currency swap.

In recent years currency swap lines have become an important tool for preserving financial stability and preventing market tension from affecting the real economy. When funding markets in one currency deteriorate, it becomes difficult for banks outside that currency area to fund their assets tied to this currency since they have no direct access to the foreign central bank that issues the currency. But if their home central bank has a swap line with the foreign central bank, the home central bank can provide its banks with the required liquidity in the foreign currency without using its foreign reserves.

Services

Correspondent banking

Making collaboration with banking partners stable and profitable

One of the main services provided by RUNC is Correspondent-banking service. A bank might mess up a relation or spend too much for an existing correspondent relation, if there is no periodic monitoring on the relation.

RUNC provides periodic review of your current Correspondent banking relation, as it negotiates for making new relations. The purpose of this service is to help you to maintain existing partner and reduce expenses by offering innovative practices through your correspondent banking relation at the lowest price.

RUNC will work with you to determine the optimum correspondent banking services needed to achieve your strategic goals by providing the following:

Review the current services offered through your correspondent bank(s) Contract negotiation
Assist you in the conversion to another correspondent bank relationship
Offer you the new potentially partner

Develop correspondent relationship

Build your own Banking network and make advantage of Togetherness

There are several banks that each one has their own bilateral correspondent relationships. Since taking advantage of being together is the main cause of collective actions, RUNC paves the way for its client having cooperation multilaterally. Scaling up productivity, decreasing overhead costs and banking relation frictions and constructing unity spirit are just a few of functions which could be becoming truth by developing the correspondent relationship.

In this service, RUNC team concentrate on managing money movement among banks which they come together from the variant countries.

Risk Management

Over the past years, risk control and management have become key components for the business management of banks.

Specifically, in correspondent relations, banks meet a wide range of risk types, including credit risk, liquidity risk, market risk, and so on. Because of the high sensitivity and complexity of this issue, risk management requires a great deal of expertise.

RUNC, focus on the risks of corresponding banking relations, presents his services for risk management in this specialized field. RUNC expert team offers solutions that help Banks improve how they identify, assess, and manage risks in their correspondent relationships. These services include identifying different risks by carefully examining corresponding relationships, evaluating and estimating them, and finally offering solutions for managing these risks.

We are there with you every step of the way. We can help you avoid problems before they occur, identify issues before they grow, and provide you with solid advice to manage any or all aspects of your bank risk management program.

Solutions

RMS

Financial messaging systems are behind every international money and security transfers. These systems are used by banks and other financial institutions to quickly, accurately, and securely send and receive information, such as money transfer instructions.

RUNC Messaging System (RMS) is developed by RUNC expert teams, based on banking standards SWIFT and ISO 20022. It is also decentralized and based on Blockchain technology. In addition to meeting the requirements of our customers, this system also has modern facilities to meet the new needs and challenges of banking industry.

Features of this system are:

lower cost and higher speed
Management panel
Compatible to customer’s internal systems
Peer to peer
Scalable

RCI

Correspondent relations are appropriate potentials for establishing clearing infrastructure in international banking network. However, multilateral relations and networks seriously improve operation efficiency compared to bilateral relations.

RUNC Clearing Infrastructure (RCI) software system has been developed to create integrity in the process of receiving/paying and accounting of international payments for banks. Using this system minimizes the need for messaging to manage the balance of correspondent accounts. So, it increases the STP rate in international payments of our customers. Moreover, using this system provide preconditions for creation of a network of banks.

RCG

RUNC CIMS Gate (RCG) is a financial and messenger software which provides and organizes the appropriate use of CI and MS. RCG is deployed at Bank Datacenter and connects to the CIMS with an API. The bank can customize RCG according to its needs and expectations.

Features:

Issue and exchange financial messages in an organized process
Bidirectional Credit Account Infrastructure
SWIFT Compatibility
Digital Signature to exchange messages
Management Dashboard
Reporting Panel
Messaging on Financial Transaction
Beautiful and Standard User Interface

RPKi

RUNC Public Key Infrastructure(RPKi) is a set of rules, policies and procedures needed to create and manage usage of the Public Key in order to provide a suitable infrastructure for Digital Signature. Also RPKI includes documents and softwares developed by RUNC which makes possible the Secure Public Key Infrastructure.

Features:

Supports Hardware Security Token
Certificate Authority for Authenticated Public Key
Multi Level Certificate Authority by Certification to CA of the Bank

About Us

Mission

Being trustworthy, committed and valuable for the clients are our responsibility

RUNC Inc, as a banking consultant, provides banking services as well as presenting innovative solutions for the banking community. Our mission has focused exclusively on solving the banking system inability at competitive price for our clients. This concentration enables us to objectively evaluate the gap in the market and propose our solution. Furthermore, we strive to maximize the effectiveness of the new technologies through a comprehensive implementation strategy that create stronger, more competitive systems for banks and other financial institution.

Vision

Stable promotion; it’s what we looking for

Being the first-choice banking solution provider in the region and Presence as a well-known bank counterparty in the digital currencies market is the main RUNC’s vision. It’s our daily practice to justify the services and solution by considering this vision. Moreover, agility in RUNC gives a chance of conversion to the right point at any time. Deep trust of yours, constructive attempted of ours.