Oban Solutions has extended its Banking Gateway to enable real-time matching of money and data for SuperStream payments leveraging the New Payments Platform (NPP). The Gateway aims to eliminate the lag that currently exists between matching money and data and automates what is a highly manual process. Oban’s Banking Gateway links accounting and ledger systems directly to the Banking system using ISO 20022 messages, enabling bank statements and payments to move from overnight batch files to event driven real-time processing.
NPP Australia is the responsible entity for the development and maintenance of the NPP. The NPP is mutually owned by 13 organisations including the major banks. For more information please refer to the NPP Roadmap