Validate is the leading API based realtime payment beneficiary validation solution for Banks, NBFI's and Corporates. It will validate single and bulk payments and suggest changes and enrichment to make sure its users achieve near 100% STP, dramatically lower operation costs caused by payment failures and improve client relationships.
Total Number of customersundisclosed
Customer SizeLarge Enterprise, Medium
Customer TypeCentral Banks, Commercial Banks, Corporates, Custodians, Fund Managers, FXs, Investment Banks, IT Integrators
the product features a simple to deploy REST API and complimentary browser that allows our clients to build end to end payment soultions with no manual intervention. the product also provides a realtime reportnig suite that allows clients to fine tune the
saves large amounts of operational time and cost whilst providing end users with inutitive tips to making clean payments.
Platform & Workflow
Workstation OSWindows, Unix, Linux, Mac
Programming Language and APIREST and Java
SetUp and Installation OptionsAPI and Browser
Deployment Periodbetween 1 and 3 months from start to go live
Reporting Capabilitiescomprehensive reporting tools to monitor realtime performance across all payments by country, currency, user and error type.
Security Optionsthe product is deployed in a highly secure private cloud and is PCI DSS compliant
The product/service compliant with the following regulatory standardsISO 20022, PSD2, SEPA
removes the need for clients to house reference data, manage daily data updates, manage infrastructure and complex software functionality and support of all these elements
Connectivity, Hosting and Integration
Hosting OptionHosted by third party
Hosting provider Sungard
Devices SupportedAndroid, iPhone-iPad, Linux, Mac, Mobile Web App, Web-based, Windows
Compatibility with Database Management System (DBMS)undisclosed
Third party integrationWe are integrated into a number of third party apps