Montran was conferred the Technoviti award for its ‘Unified Payments Interface’ solution for commercial banks, at Technoviti 2023 Awards and Conference, held on 25th April 2023. This award stands as a testament to our unwavering dedication towards innovation and our commitment to offer solutions with unparalleled quality and value to our customers.
Technoviti, an annual event hosted by Banking Frontiers, brings together prominent innovators, leaders and decision makers from the finance and technology industries to showcase their innovations, exchange knowledge, and form collaborative partnerships with like-minded individuals.
The theme for Technoviti 2023 was ‘Encashing the Digital Explosion’. Over 40 banking technology innovations were shortlisted from over 100 entries, of which the top 25 were selected for the final jury interview and presentation. The jury was represented by a global panel of eminent CIOs, CTOs, IT Consultants and Academicians
Montran’s Unified Payments Interface (UPI) is a flexible and highly scalable solution that has been developed for NPCI’s ground-breaking real-time payment system. Comprising the Issuer and Acquirer functionalities, the UPI solution processes financial and non-financial requests from NPCI, as well as pre-approved transactions. The solution seamlessly integrates with the banks’ ecosystems such as, Core banking, Compliance, Business & operational gateways, using mobile APIs to enable transmission of payments.
The platform utilizes a micro service-based architecture to effectively segregate Financial and Non-Financial traffic, leading to improved performance and quicker Time to Market. Additionally, it comes equipped with an advanced MIS and Report engine that offers a range of graphical reports for historical data projection.
More information on Montran’s UPI solution can be found here.
