Monitoring Swift Transactions


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 STP of both structured and unstructured data between bank’s CBS and SWIFT system is a part of NOTIVA Prime
  • Real-time tracking and reconciling CBS source data with its corresponding SWIFT acknowledgement (ACK)
  • Ensuring that users entering/passing/authorizing CBS transactions are different from those operating SWIFT
  • Plug and Play integrated nostro-reconciliation module
  • Real-time Sanction list Screening for both inward and outward transactions
  • Creating SWIFT data repository and utilizing historical data for customized reports and business analytics
  • Message validation as per SWIFT Messaging Standards, thereby reducing non-acknowledgement (NACK)
  • View and print access for all SWIFT Transaction as per the branch code
  • Universal Payment Confirmation Module – Every Inward SWIFT MT 103 received by the Bank will have a corresponding MT 199 status update message sent to SWIFT for tracking purpose

Upcoming Features

  • Support for CBPR+ ISO 20022 Messages along with MT -> MX & MX -> MT conversion
  • There will be auto cancellation MT 192 message in case of direct message sending from bank’s SWIFT system
  • End-of-day auto reconciliation of consolidated CBS transactions will be incorporated with input sequence number (ISN) traffic summary report
  • It will have real-time reconciling and matching inward MT 103/202 messages with NOSTRO statements
  • Rule engine for the banks will be set to ensure compliance for specific rules
  • Branch-wise Message Segregation system will be integrated with Notiva Prime