Montran continued its winning streak with another award for its Corporates Collection solution at Technoviti 2022. The Technoviti awards and conference, an annual event conducted by Banking Frontiers, recognizes innovations in the BFSI sector and honours the innovators. This award celebrates Montran’s unceasing endeavour to create and design leading-edge solutions that are centered around Functional Stability, Scalability, Compatibility, Business Impact and are driven by performance.
The theme for Technoviti 2022 was “Innovate to Accelerate”. The event held on 5th May, 2022, comprised panel discussions and knowledge presentations by dignitaries and speakers acclaimed in their areas of expertise, across the BFSI sector. Across several entries and innovations for the event, over 30 banking technology innovations were shortlisted for jury interview and presentation. The selection process had a defined diligent evaluation matrix, based on five key criteria – Business Impact, Market Potential, Solution Exclusivity, Future Roadmap and Scalability.
With digital transactions increasing manifold over the past years, their impact on the banking & financial sectors and NBFCs has been manifold. Corporates’ existing legacy infrastructure widely consists of disconnected, disparate systems with manual operations for mandate and transaction processing.
Montran’s Corporates Collection solution helps Corporates with digital transformation and advancement of their existing legacy systems and processes. It interfaces with Corporates’ core business systems and multiple banks to facilitate Straight-Through-Processing (STP) of collections and mandates.
This innovative purpose-driven solution reduces operational costs and increases throughput by maximizing the rates of STP. Along with its enhanced MIS & Reporting module, the solution delivers outstanding scalability and responsiveness for an enhanced customer experience.
Montran’s distinct solution has surpassed various milestones with its client implementations. To put this in numbers,
- 40 number of banks connected
- 54 million transactions processed per month
- 5-8 million transactions on selected cycle days
The Corporates Collection module caters to NBFCs, micro finance institutions, large corporates, mutual fund houses and insurance companies for processing bills collection, loan repayments, insurance premium, mutual fund SIPs and much more.
More information on Montran’s Corporates Collection solution can be found here.
