Pay Tech provides a composable, enterprise‑grade payments operating system that unifies core switching, compliance, reconciliation, AML, fraud detection, and digital wallet infrastructure on a single platform. Designed for banks, fintechs, PSPs, and multinational corporations, the solution lets clients select needed modules—such as ISO 20022 real‑time rails or multi‑currency wallet APIs—and scale to a full stack as their business grows. The platform supports real‑time transaction matching, 24/7 availability, and machine‑learning‑driven risk scoring.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions and enterprises often rely on disparate, legacy payment systems that require separate integrations for core switching, compliance, reconciliation, and digital wallets. This fragmentation leads to high integration costs, operational inefficiencies, and difficulty scaling payment volumes across multiple jurisdictions and schemes.
Solution
SnapHub provides a composable, enterprise‑grade payments operating system that unifies core switching, ISO 20022 real‑time rails, AML and fraud monitoring, automated multi‑currency reconciliation, and white‑label digital wallet infrastructure on a single platform. Clients can select the modules they need today—such as payment hub, risk compliance, or wallet services—and add additional capabilities as transaction volumes grow. The platform offers built‑in support for global messaging standards (ISO 20022, SWIFT MT, ISO 8583, NACHA, SEPA, etc.) and deep integration with major core banking systems, enabling straight‑through processing across interbank, batch, and cross‑border schemes. Real‑time risk scoring and machine‑learning‑driven anomaly detection help meet regulatory requirements while minimizing fraud. APIs and open‑banking interfaces allow seamless connection to corporate ERP, mobile channels, and agency‑banking networks, delivering end‑to‑end payment flows with 24/7 availability.
Target Audience
Primary customers are banks, fintech firms, payment service providers, multinational corporations, and microfinance or agency‑banking institutions seeking a unified, scalable payments infrastructure.
Features
- Modular architecture with seven core services: payments hub, reconciliation stack, AML/fraud risk engine, digital wallet infrastructure, eKYC onboarding, microfinance/agency banking, and real‑time rails
- Native support for ISO 20022, SWIFT MT, ISO 8583, NACHA, SEPA and country‑specific formats for seamless cross‑border and domestic payments
- Integrated AML and transaction monitoring using ML‑based anomaly detection, rule engines, and SAR case management workflows
- Automated multi‑entity, multi‑currency reconciliation with real‑time transaction matching and statement aggregation
- White‑label digital wallets with multi‑currency accounts, card issuance, and open‑banking APIs for consumer and corporate use cases
- Deep integration capabilities with core banking platforms such as Finacle, Flexcube, Temenos T24, and proprietary systems
- 24/7 platform availability and enterprise‑grade security for high‑volume, high‑value payment processing