In today’s ever changing, strict regulatory environment, scheme operators and commercial banks struggle to perform sanctions screening 24/7 and in real-time required by Instant Payments infrastructure. The adoption of these modern payment channels is delayed because of the shortcomings of the legacy solutions incapable of adhering to the latency required.
Independent or Centralized Deployment
The Montran EFS solution can be offered directly to commercial banks, as well as a centralized multi-tenant environment offered by Instant Payments operators (or any other CSM) to their participants. As a value added service, this will ensure seamless participant onboarding to the Instant Payment with minimum or no integration effort.
ISO20022 Compliance and Multi-channel Support
Natively supports ISO20022 messages used by all recent RTGS, ACH, or Instant Payment systems around the world. It also supports the older format (SWIFT MT, ISO 8583, NACHA and many local CSM formats).
Worldwide Sanctions Lists
Montran’s EFS supports lists from all over the world. Each channel can be configured independently to use only the relevant lists.