Payments Connectivity
Montran’s Payment Connectivity solution was developed as a response to the growing need of the commercial banks to connect to multiple clearing and settlement systems, messaging systems such as SWIFT as well as other proprietary messaging systems. It allows a single point of integration between the back-office applications of the bank and the external world, thus offering a wide overview of the entire payments and messages traffic of the bank.
Solution Highlights
Multi-Currency and Multi-CSM
Montran’s Payments Connectivity solution is a multi-currency system, allowing the bank to connect to both foreign and local CSM such as: Target2, EBA Step1 and Step2, Equens, CHAPS, Faster Payments, TIPS, RT1, Bundesbank RPS, CHIPS, FedWire, local RTGS and ACH systems as well as local Instant schemas.
Supports ISO and all Major Financial Formats
Montran is the first payments application vendor self-certified for the processing of the new ISO20022 format for SWIFT cross-border payments. The application is ISO native and supports all major financial formats such as SWIFT FIN, pain, pacs and camt messages and any local proprietary formats. The system supports various protocols including APIs (REST, SOAP), queue-based (e.g., IBM MQ, Kafka), file-based (e.g., shared directories, SFTP), etc.
Rule Based Payment Type Determination and routing of messages and files
The solution includes a very flexible rule engine used for flow control as well as payment type determination.
Real-time Monitoring, Reporting and Control of Liquidity
Montran’s Payments Connectivity solution offers a wide range of monitors which help the bank control their position in relation to each of the clearings. All information is updated in real-time with no delays. Cap limits maintenance for each of the clearings is available, allowing the bank to control their outgoing funds.
Flexible and Scalable Architecture
A pure Java application, using IP-based communication and web based thin-client interface.
Security
Provides high-level, sophisticated security mechanisms that are approved and certified by central banks and industry organizations.
Benefits
SCALABLE TO IMPLEMENT DIFFERENT INTERFACES TO BACK-OFFICE APPLICATIONS OR CLEARING SERVICES
FUTURE PROOF TECHNOLOGY TO ADAPT TO MARKET NEEDS