API - Transaction
The Transaction API serves as the primary interface for sending transactions to the Transaction Monitoring product, where they are analyzed based on defined business rules. A transaction includes information on the sender, the receiver as well as the value of the transaction itself.
The Transaction API can also be used to update a previously sent transaction, to add or correct information. Updating a transaction will overwrite the previous version of the transaction in the Transaction Monitoring product. Each API call provides a detailed response outlining how the transaction matched against active business rules, including whether and why an alert was triggered.
The API supports receiving 500 concurrent transactions per second.
When a transaction is ingested, the system responds back in under 0.5 second, in which the system does the following:
- Analyse the transaction with the active business rules and generate alerts, if needed.
- Send a response back to customer with the rule execution results for the transaction (indicating if any alert was generated).
- Afterwards, the related alerts are displayed on the system' UI for analysis by the Compliance team.