Notiva

Notiva offers middleware solutions for financial institutions to streamline transaction monitoring and enhance security. Their platform automates SWIFT message processing, data transformation, and reconciliation, improving operational efficiency and regulatory compliance.

Updated 2 months ago

Funding

Funding not disclosed

Funding rounds are not available yet.

Founders

Founder details are not available yet.

Product

Problem

Financial institutions face challenges in efficiently monitoring transaction flows, ensuring regulatory compliance, and mitigating financial crime risks. Manual processes for transaction screening, reconciliation, and data archiving are time-consuming, prone to errors, and can lead to increased operational costs and potential compliance breaches.

Solution

Notiva provides a suite of middleware solutions designed to streamline transaction monitoring and enhance security for banks. Their platform facilitates seamless integration with SWIFT systems, enabling Straight-Through Processing (STP) for cross-border and domestic payments. By automating message transformation, validation, and screening, Notiva helps financial institutions reduce operational overhead, improve data accuracy, and maintain adherence to regulatory mandates. The solutions also offer robust data warehousing capabilities for historical transaction analysis and audit trail management, supporting effective risk assessment and compliance reporting.

Target Audience

Notiva's primary customers are banks and financial institutions that require robust solutions for transaction monitoring, SWIFT message processing, regulatory compliance, and financial data management.

Features

**NOTIVA Prime:** Middleware for direct integration between internal banking systems and SWIFT gateways, supporting SWIFT FIN and ISO 20022 CBPR+ messaging standards. It provides real-time monitoring, sanction screening, and automated notifications.
**NOTIVA MT<>MX Converter:** Facilitates the transition to ISO 20022 messaging by parsing, building, and validating CBPR+ message types, with real-time conversion capabilities between MT and MX formats.
**NOTIVA Recon:** A Nostro reconciliation system that automates the matching of incoming Nostro statements against bank general ledger entries, including an inward remittance module for payment reconciliation.
**NOTIVA Central:** A control framework mechanism for automating SFMS message transmission, routing NEFT and RTGS messages through a configurable business rule engine for compliance and operational visibility.
**NOTIVA Sanctum:** A data warehousing solution for secure storage and investigation of historical SWIFT and non-SWIFT transactions, offering unlimited storage and a powerful search tool for audit and analysis.
**SWIFT Service Bureau Partnership:** Offers fully hosted SWIFT services through a certified partner, reducing the need for on-premise SWIFT infrastructure and associated operational costs.