Reserve Bank of Vanuatu goes live with Montran’s ATS and CSD solutions

14 September 2023

Reserve Bank of Vanuatu (RBV) went live with Montran’s Automated Transfer System (ATS) and Central Securities Depository (CSD) solutions. These implementations mark a significant advancement in the country’s payment infrastructure, promising improved efficiency, security, and accessibility for financial transactions.

Montran’s ATS solution is a central infrastructure application that integrates the Real Time Gross Settlement and Automated Clearing House platforms. The CSD system spans a full range of depository functions catering to participants of fixed income securities, in local and foreign currency.

As RBV’s trusted technology partner, and in consultation with the International Finance Corporation (IFC), Montran’s clearing and settlement systems have expedited the nation’s shift from cash towards digital modes of money transfer. These state-of-the-art solutions, coupled with cutting-edge technologies, have simplified payments and securities while expanding their reach to the farthest corners of Vanuatu. With key features of Straight Through Processing, integration with internal/ external systems and operational reliability, Montran’s applications contribute to the development of a robust and resilient financial ecosystem, not just in Vanuatu but across the globe.

Read RBV’s complete article on this implementation.

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