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Control Framework Mechanism

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NOTIVA Central

In response to directives from IFTAS urging banks across India to automate SFMS message transmission, there’s a growing need for a robust middleware solution that seamlessly connects Core Banking Systems (CBS) with the SFMS Gateway.

NOTIVA Central addresses this critical requirement by acting as a Control Framework Mechanism. It ensures all NEFT and RTGS messages are processed through a configurable business rule engine before reaching the SFMS Gateway. This process enforces regulatory compliance, enhances operational visibility, and validates transaction authenticity in real time.

With built-in amount threshold checks and message validation, NOTIVA Central strengthens message integrity, minimizes risk, and ensures end-to-end control over SFMS communication.

Functionality & Feature

  • The solution intercepts and reads all outgoing NEFT and RTGS messages from the Core Banking System (CBS), making each message available in a centralized monitoring dashboard for real-time status tracking.
  • By functioning as a control and visibility layer, it enables the bank to maintain regulatory compliance, enhance operational oversight, and retain flexibility in managing payment message workflows.
  • To ensure secure handling, the solution incorporates Role-Based Access Control (RBAC), allowing access and actions based on defined user roles and responsibilities.
  • It empowers the bank to maintain necessary internal controls while remaining fully aligned with IFTAS’s latest guidelines.
  • Messages below a defined transaction amount threshold are automatically released to the SFMS Gateway without user intervention, ensuring straight-through processing for low-value payments.
  • Messages equal to or exceeding the threshold are routed for authorization within NOTIVA Central, based on a configurable maker-checker or single-authorizer workflow, providing enhanced control over high-value transactions.
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