This cutting-edge system will enable Mashreq to process high-value payments with unmatched speed, precision, and security, further enhancing their operational efficiency and customer experience.

PROJECT SPOTLIGHT /Montran/ — Montran successfully implemented its state-of-the-art Global Payments Hub Real-Time Gross Settlement (GPH RTGS) system at Mashreq. This advanced system leverages ISO 20022 message formats, end-to-end automation, and seamless integration with core banking systems, empowering Mashreq handle high-value payments with exceptional speed, precision, and security.

Montran’s RTGS solution brings in the following features and benefits:

• Latest ISO 20022 message format specifications
• Comprehensive end-to-end message tracking capabilities
• 24 x 7 capabilities for transaction processing and monitoring
• Enhanced GUI for payment tracking and enquiry
• Payment segregation through Transaction Type Code (TTC) management
• Automated integration with CBS and other source systems
• Enhanced reporting and dashboards for monitoring of payments
• Liquidity Management features for tracking of Nostro accounts with QCB
• Robust security features with Multi-Factor Authentication (MFA)

This accomplishment highlights our dedication to empowering financial institutions with advanced payment solutions that help them thrive in the dynamic financial landscape.

About Mashreq

One of the UAE’s best performing banks for over five decades, Mashreq is a leading financial institution with an expanding footprint across the Middle East and North Africa with a strong presence in the financial capitals of the world with international offices in Europe, Asia, Africa and the US.

About Montran

Montran is the leading provider of Payment and Capital Market Infrastructure solutions, servicing national banks, national level clearing and settlement institutions and commercial banks with mission critical installations and operations in over 80 countries. Discover more at www.montran.com.

SOURCE Montran