iWAVE is an innovative, market-wide, fintech solution, focused on improving and simplifying the asset & liability management process (the conducting of deposit and financing transactions) across the Islamic finance industry.
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iWAVE provides access to all market participants (be they banks or clients) via one central, secure, digital platform, delivering true price transparency to the end customer.
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All Islamic deposit and financing products can be transacted in real-time, without compromising on Sharia compliance.
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iWAVE unifies processes across the entire transaction lifecycle, creating efficiency in all areas: agreement negotiation, KYC management, trade execution and post trade processing.
Benefits
iWAVE brings a host of benefits to both users and the industry as a whole
Sharia' Compliant
Full, detailed audit trails
always available, at all times
Security
Hosted on the enterprise-grade Microsoft Azure cloud service
Transparency
Access to all market participants in one place
Risk Reduction
Efficient price discovery with no data duplication across systems
Reduced Costs
Automated processes replace standalone legacy systems
STP Ready
API connectivity options allow for rapid integration
Modules
iWAVE has three core modules: Master Documentation & KYC Management, Trade Execution and Post Trade Management, which may be used independently, or together to derive the most benefit.
Master Documentation & KYC Management
Users can negotiate and execute the master agreements which govern the underlying transactions conducted between counterparts. KYC information can be uploaded and stored on the platform to be shared with counterparts or kept confidential.
Trade Execution
Creates a marketplace allowing users (including banks, corporate clients and retail clients) to negotiate and execute multi-currency deposit and financing transactions with their counterparts, across a range of Islamic finance products.
Post Trade Management
Each stage of the transaction lifecycle, from execution through to settlement, can be easily monitored and managed. Counterparts can efficiently and automatically exchange trade documents in electronic form in order to fully conclude a transaction.
Technology
Fast - Easy - Secure
iWAVE delivers a load-balanced solution to ensure reliability and availability, and is hosted using the enterprise grade cloud computing service Microsoft Azure.
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iWAVE is fully compliant with Sharia' and accounting standards.
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iWAVE is powered by Synergies Digital Platform, developed in partnership with LYST Technologies.
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LYST Technologies is a leading developer of innovative financial technology, delivering core banking and digital solutions to its global client base in the Islamic finance market (www.lyst-tech.com).
Contact Us
Please get in touch for more information or to arrange a demonstration via email, phone or our contact form
+44 203 637 8403