International banking system and method

The present invention relates to a system and method for providing banks with access to an existing international infrastructure previously inaccessible to them. A provider bank first establishes on its system a set of accounts for each client of a client bank (client bank environment). The client bank's environment has its own current account module that allows it to process account entries and calculate interest, and its own money transfer module that allows it to make and receive transfers. of funds. The main interface of the funds transfer section in the client bank environment interfaces with the funds transfer section of the receiving bank's environment. The money transfer section of the providing bank is coupled with the systems that make up the international banking infrastructure capable of processing global banking transactions for clients of the client bank. A customer asks the client bank to perform a particular international transaction. The client bank then communicates the transaction request to the fund transfer section of the client bank's environment within the provider bank's system. As soon as the customer bank's money transfer section has received the transaction request, it transfers to the customer's accounts in the client bank environment (for example, to debit the customer's account) and then transmits a message transaction (for example, a payment message) to the fund transfer section of the receiving bank's environment. The receiving bank's money transfer section processes the transaction as a typical correspondent bank payment on the nostro account (s) of the customer's bank environment (eg a high-value wire transfer) via the bank account. one of the clearing house systems. Funds received (ie, credited) for client client accounts from the client bank follow this path in reverse.