Payment and remittance orders, processed automatically.
Payment orders reach banks as paper or fax documents, e-banking uploads, SWIFT MT101/MT103 messages, or ISO 20022 pain.001 files. Parashift extracts IBAN, amount, value date, and reference in structured form, screens every order against sanctions lists automatically, and hands it off to the core banking system once cleared.
A dozen formats, one screening process per order.
Payment and remittance orders reach banks in wildly different formats: paper and fax orders from retail customers, e-banking uploads and ISO 20022 pain.001 files from ERP systems, SWIFT MT101 bulk orders and MT103 remittance orders from corporate clients, plus standing-order changes and direct-debit mandates. Every order has to be screened against sanctions lists and anti-money-laundering rules before execution — today largely through manual retyping and four-eyes checks, which turns tight value dates into a time risk and raises the error rate on IBAN capture.
What Parashift recognizes in every payment format.
Regardless of the intake channel, every payment-relevant field is captured in structured form and staged for screening.
Paper & fax payment orders
E-banking upload (pain.001 XML)
SWIFT MT101 (bulk order)
SWIFT MT103 (remittance order)
Standing-order change
Direct-debit mandate & bulk order
Additional formats such as MT202 bank transfers or camt.054 account statements are recognized just as reliably and routed to the matching processing step.
From intake to execution.
Paper, fax, e-banking, SWIFT, ISO 20022
Payment orders arrive through every channel at once and are ingested centrally.
IBAN, amount, value date, reference
Document AI captures every payment-relevant field in structured form, regardless of format.
Sanctions list, AML, four-eyes
Automatic screening against sanctions lists and anti-money-laundering rules before release.
Core banking system & SIC/SEPA
Cleared orders flow in structured form into the core banking system and payment rails.
Integrates with your payment operations and core systems.
Low-code connection via documented REST APIs, with no replacement of existing infrastructure.
Compliance:
What changes for your payment operations.
of incoming payment formats captured in structured form, regardless of channel or standard
shorter processing time on average through to release
One use case among many for banking.
Digital mailroom, KYC & customer onboarding, and credit & mortgage dossiers follow the same principle: read, screen, hand off to the core banking system.
Payment orders, processed automatically and audit-ready.
Book a no-obligation 30-minute briefing: we'll show you payment and remittance order processing on real sample documents.
Same-day response · no sales pressure
