Financial data processing system and global quick money transfer system and method

Abstract

The invention relates to a financial data processing system. The financial data processing system is equipped with a first data processing system, a data intermediate processing system, a second dataprocessing system, a first data monitoring system and a second data monitoring system. According to the financial data processing system and a global quick money transfer system and method of the invention, financial data can be monitored and processed in real time. In particular, the global quick money transfer system and method support multi-currency transaction and real-time transfer of fund toaccounts, and support the transfer of fund in original currency or RMB to accounts. Foreign exchange funds can be settled directly. The statistical information of international balance of payment canbe declared in real time. Blacklist management and suspicious split transaction monitoring can be realized. More convenient, safer and more efficient service can be provided for remitters. More timely, accurate and standardized data can be provided for the supervision department.

Description

technical field [0001] The invention relates to the technical field of network communication and information processing in the financial industry, in particular to a financial data processing system and a processing method thereof. Background technique [0002] According to data released by the World Bank, in 2012, global overseas immigrants remitted US$534 billion to their home countries, of which the amount remitted by Chinese immigrants to their hometown reached US$66 billion, second only to India (US$70 billion), far higher than the next of Mexico ($24 billion), making it the world's second largest recipient of migrant remittances. [0003] With the growth of China's cross-border inward remittance business volume, remitters' demand for the convenience and security of cross-border remittance services continues to increase. In the past, remitters had to log in to the SAFE’s personal foreign exchange settlement and sales system to declare before handling cross-border rem...

AI Technical Summary

Problems solved by technology

In the past, remitters had to log in to the SAFE’s personal foreign exchange settlement and sale system to declare before handling cross-border remittance business, and they could only go through the process of personal foreign exchange quota review by the SAFE. The above-mentioned process involved many manual interventions and often took a long time , low efficiency, error-prone

Secondly, in the past, remitters usually had to choose the original currency to arrive at the account, and then manually settle the exchange in RMB after the account arrived. This method is cumbersome and expensive

Furthermore, due to the inconsistency of business standards, technical standards, and data standards, the business acceptance agency cannot provide timely, accurate, and standardized statistical data for the regulatory agency, which is not conducive to the regulatory agency's in-process supervision and post-event review.

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