PRIME

Monitoring Swift Transactions

Schedule a demo

NOTIVA Prime

NOTIVA Prime is a user-friendly, dashboard-driven, browser-based offering which integrates multiple internal systems of the bank with the bank’s SWIFT system. Being one of the best SWIFT Solutions in India, it enables a high level of automation and provides real-time monitoring for cross border and treasury payments. Further, it facilitates real-time Sanction Screening and automates the process of e-mail notifications for your branches and end customers, and thereby saves time and resources in attending to queries from end-clients. Our middleware solution is highly adaptable to format changes prescribed by SWIFT year-after-year and meets all the needs typically required by a bank. NOTIVA Prime adds immense value to the bank as the data once entered into the CBS system would directly be pushed to the SWIFT system. It is an ideal solution for monitoring every SWIFT outbound message sent by the bank’s network, thereafter, staying safe from potential malware attacks. NOTIVA Prime is a licensed product supporting all the major SWIFT FIN messages and ISO 20022 CBPR+ messages. Additionally, if a bank requires any other message type to be supported, the same can be rolled out as per need.

The Salient Features Of NOTIVA Prime

Real-Time Data Handling

  • Handles both Structured and Unstructured Swift Transactions between the Core Banking System (CBS) and Swift System
  • Real-time Transaction Data Matching for meeting RBI compliance

Security and Control

  • Ensures different user groups handle CBS transactions and SWIFT operations to avoid conflicts and improve security

Plug-and-Play Reconciliation

  • Plug and Play integrated Nostro Reconciliation module

Real-Time Sanctions Screening

  • Checks both incoming and outgoing Swift transactions against international sanctions lists

Support for New SWIFT Message Format

  • Will support the new ISO 20022 (CBPR+) messages
  • Can automatically convert old format messages (MT) to new (MX) and vice versa

Data Storage & Reports

  • Stores all Swift messages in a central location
  • Uses historical data to generate custom reports and provide business insights

Message Validation

  • Validates all Swift messages based on official SWIFT standards to reduce errors and message rejections

Branch-Level Access

  • Branch users can view and print Swift transaction details based on their branch code
  • Messages will be organized by branch so each branch can view and manage only its own SWIFT messages

Universal Payment Confirmation

  • Facilitates end-to-end tracking of payments and confirms when funds have been credited to the beneficiary’s account

End-of-Day Auto Reconciliation

  • End-of-day auto-reconciliation of consolidated CBS transactions will be incorporated with the input sequence number (ISN) traffic summary report

Matching with Nostro Statements

  • Matching of Incoming MT 103 and MT 202 payment messages in real time with Nostro account statements

Custom Rule Engine

  • A set of rules can be applied to make sure that the Bank follows regulatory and operational requirements
Schedule A Demo