Montran, a global provider of payment, and treasury management products and services, has partnered with data center services company Interoute and managed service provider HWG to deploy Montran’s applications in a Software-as-a-Service (SaaS) model.
With over 35 years of experience developing payment solutions for tier-one multinational financial institutions, Montran will now offer its payment and treasury management applications on demand. This will be available as a complete package, or as modular scalable solutions for banks, secured within Interoute’s privately networked, global cloud and managed by HWG.
Montran, a company with offices in the U.S., Europe, South America, and India, will be offering end-to-end solutions on its platform – from domestic payment solutions to full-blown multi-national payment hubs and treasury management product platforms. Each will address the financial market’s use of APIs, instant payments and PSD2 initiatives.
The cloud underlying Montran’s platform is Interoute Virtual Data Centre (VDC), a globally integrated software-defined network and cloud infrastructure with 17 cloud zones across the world. Interoute VDC can deliver public, private and hybrid IaaS within its global private network, and is an “ideal” base for flexible, scalable SaaS products. The private network architecture would mean security is inherent to the cloud platform, and existing technology investments and data repositories can be integrated without re-factoring applications.
“We partnered with Interoute and HWG because they can deliver the secure cloud performance needed to process instant payments for some of the world’s largest central banks and clearing institutions,” said Keith Esca, Business Development Manager, Montran Corporation. “In addition, functionality can be easily scaled on demand and in a way that is compliant with regulators’ demands. Take PSD2 as an example. PSD2 requires banks to make their customer data available to third parties via open APIs and mandates that strong security standards are upheld. Interoute’s cloud, diligently monitored by HWG, will host our services gateway and allow us to offer additional security by ensuring a single point of entry through the cloud for third party provider access to the bank’s exposed APIs.”
Montran’s SaaS solution incorporates a ‘Security by Design’ concept delivered by HWG K-SEC, a multi-technology solution that would enable shorter time to compliance and improved performance scalability. K-SEC is based on a set of “advanced” security detection functionalities combined with “innovative” machine learning techniques to detect and prevent even previously unidentified threats in real time. HWG will provide 24-hour security and a support operation center that would continually monitor, control and tune the end-to-end payments infrastructure, as well as application management on a bank client’s behalf.
HWG is an IT Security company focused on banking environments and high complex IT corporate infrastructures. HWG operates as an independent technology advisor. In its ten-year history, HWG has delivered several international projects in which advanced security services have been provided to maintain the availability of complex IT infrastructures and mission-critical applications for international institutions, Central Banks, commercial banks and other client IT organizations.
Interoute is the owner-operator of one of Europe’s largest networks and a global cloud services platform which encompasses 15 data centers, 17 virtual data centers and 33 colocation centers, with connections to 206 additional third-party data centers across the world.