Montran, in partnership with one of the top 10 private sector banks in India, announced the successful go-live of its Intraday Liquidity Management (ILM) solution. This cutting-edge solution strategically externalizes balance management for Corporate accounts, significantly easing the burden on core banking applications by efficiently handling high Transactions Per Second (TPS) posting requirements.
Utilizing advanced distributed database technologies, the ILM solution ensures effective balance limit management and payment disbursement through various payment rails. The solution’s active-active multi-node deployment model ensures rapid and seamless limit checking and payment processing, offering robust and reliable payment services to the bank’s Corporate customers.
Additionally, the application provides comprehensive statements and reports, aiding Corporate clients in streamlined reconciliation processes.
The key advantages of ILM include:
- Balance Management: Real-time balance visibility, limit checks, and balance management of Corporate accounts; consolidated posting synced with bank’s core systems;
- Real-Time Reconciliation: Real-time reconciliation of data between the CBS dump and channel transaction dump;
- Enhanced Transaction Efficiency: High TPS capabilities for balance checks on Corporate accounts, minimizing account locking issues;
- Support for High-Volume PSPs: Facilitates banks to onboard high-volume Payment Service Providers (PSPs) on the acquiring side of the business;
- High Concurrency: Quick and efficient processing of transactions, regardless of the volume.
- Comprehensive Dashboards: Robust dashboards and reports that highlight discrepancies for quick resolution and help in decision-making processes.
- High Volume Processing: Designed to handle daily transaction volumes over 10 MN, delivering unmatched performance.
This innovative solution marks a significant advancement in banking technology, empowering banks to enhance their service offerings to corporate clients with unparalleled efficiency and reliability.
