INM employing diverse algorithms

INM’s intelligent matching algorithms go beyond simple name comparisons. The system supports the stringent EPC, NPC, and TIPS standards and algorithms as well as others leveraging Pelican's over 20 years of experience for IBAN-Name matching, ensuring accurate verification. This comprehensive algorithms support ensures that the system can adapt to the specific requirements of different payment schemes. The algorithms are designed to handle case insensitivity, misspellings, nicknames, abbreviations, acronyms, and synonyms ensuring accurate matching even in complex scenarios. This sophisticated approach minimizes false negatives.

Configurable Name Matching Algorithms and scores

Recognizing that different institutions have varying risk appetites and requirements, VOP allows for customization of the name matching process. This flexibility ensures that the solution can be tailored to the specific needs of each bank, striking the right balance between security risks and convenience.

Close Match Parameters: The system allows for the configuration of close match parameters through a user-friendly interface, giving banks greater control over the matching process. This fine-grained control enables banks to optimize the system's performance for their specific use cases.

Synonym, Alias, and Abbreviation Management: The Responding PSPs can manage synonyms, aliases, and abbreviations to further enhance the accuracy of name matching. This feature is particularly useful for handling variations in names.

Easy Integration 

Also available as a secure and independent component, it can be easily integrated into existing processes without disrupting operations. This ease of integration minimizes the time and resources required for implementation.

Integration and Compatibility

Integration with Banks' Systems: INM seamlessly integrates with existing banking infrastructure, including back-office systems, CRMs, and ERPs via RESTful APIs. This minimizes disruption to operations and ensures a smooth transition to enhanced payment security..

Real-time Matching

The real-time nature of VOP's matching capabilities means that potential discrepancies are identified instantly, preventing fraudulent and misdirected transactions before they can cause harm. This rapid response is crucial in the fast-paced world of digital finance and instant and irrevocable payments.

Deployment

The real-time nature of VOP's matching capabilities means that potential discrepancies are identified instantly, preventing fraudulent and misdirected transactions before they can cause harm. This rapid response is crucial in the fast-paced world of digital finance and instant and irrevocable payments.

Secure and Flexible Deployment Whether deployed as a fully managed software-as-a-service (SaaS) solution or on-premise, VOP prioritizes data security and compliance. This robust security framework gives banks peace of mind knowing that their data is safeguarded against unauthorized access. The deployment flexibility allows banks to choose the deployment model that best suits their infrastructure and security requirements.

High Availability & Disaster Recovery: The system is designed for high availability and includes robust disaster recovery mechanisms, ensuring uninterrupted service and data integrity. This reliability is crucial for maintaining the smooth flow of payment transactions.

Certifications: Pelican INM’s ISO 27001 & ISAE 3402 certifications demonstrate its commitment to security and compliance. These certifications provide independent validation of the system's security measures, giving banks confidence in its ability to protect their data.