Backup Real-Time Gross Settlement
Financial Market Infrastructure operators are under pressure to ensure that their mission critical RTGS systems can withstand severe natural disasters, terrorist activities, and grid failures which could potentially disable the whole payments settlement environment, usually consisting of a production and a traditional backup site. Moreover, there has been an increasing threat of cyber-attacks on entities that, until now, were not targets of sophisticated malware and back door attacks.
Solution Highlights
High Resilience, Cloud Ready
The Montran Backup RTGS provides a technologically diverse platform, private cloud-hosted environment, and minimal disruption to the participating stakeholders in the event of a switch.
Fully Synchronized with Existing Infrastructure
The Montran solution provides a set of standard APIs based on MQ and Web Services for existing systems to feed payments to the Backup RTGS system either in real-time, or through other arrangements.
Bi-directional synchronization of liquidity positions and transactions to and from the Montran Backup RTGS system is performed at fixed schedules or in real-time, per capabilities of the existing RTGS infrastructure.
Synchronization Options
Montran’s Backup RTGS can be offered in a number of variants:
- A Basic Standard Resilience RTGS Service— that can be updated with a set of running balances and offer regular payment submission and import capabilities.
- An Enhanced Resilience, State-of-the-Art RTGS Service— fully customized and integrated into the local financial environment. The Backup RTGS can be plugged in to be used either as contingency, or as an eventual replacement of the existing RTGS environment, with minimal disruption to the external participants and stakeholders.
Wide Messaging Standards Support
The Backup RTGS supports a number of message standards and message transport mechanisms: FIN MT/ISO20022, FIN-Copy/V-Mode topologies, over SWIFT or VPN networks.