Skip to main content

Transaction Monitoring Platform

Overview​

The Transaction Monitoring Platform is a comprehensive real-time monitoring system that tracks, analyzes, and responds to transactions across your banking platform. It enables automated detection of suspicious activities, compliance monitoring, fraud prevention, and business rule enforcement.

Key Features​

🔍 Real-Time Monitoring​

  • Monitor all transactions as they occur
  • Automatic rule evaluation
  • Instant alerts and notifications
  • Integration with Process Engine for automated workflows

📊 Configurable Rules​

  • Define custom monitoring rules
  • Set thresholds and conditions
  • Priority-based rule execution
  • Template-based rule configuration

🎯 Event-Driven Architecture​

  • Trigger workflows based on transaction events
  • Automatic process initiation
  • Context-aware event handling
  • Seamless integration with BPM

📈 Analytics & Reporting​

  • Transaction pattern analysis
  • Risk scoring
  • Historical data tracking
  • Compliance reporting

Use Cases​

1. Fraud Detection​

Monitor transactions for suspicious patterns:

  • Unusual transaction amounts
  • Rapid succession of transactions
  • Geographic anomalies
  • Velocity checking

2. Compliance Monitoring​

Ensure regulatory compliance:

  • AML (Anti-Money Laundering) checks
  • KYC (Know Your Customer) validation
  • Transaction limits enforcement
  • Regulatory reporting

3. Business Rule Enforcement​

Apply business logic automatically:

  • Daily transaction limits
  • Account balance thresholds
  • Customer tier restrictions
  • Time-based rules

4. Risk Management​

Assess and mitigate risk:

  • Real-time risk scoring
  • Customer behavior analysis
  • Pattern recognition
  • Automated risk responses

Architecture​

Components​

  1. Transaction Event Capture

    • Captures all transaction events
    • Enriches event context
    • Publishes to monitoring system

  2. Rule Engine

    • Evaluates monitoring rules
    • Prioritizes rule execution
    • Manages rule lifecycle

  3. Monitoring Jobs

    • Tracks rule execution
    • Stores monitoring results
    • Maintains audit trail

  4. Action Executor

    • Triggers workflows
    • Sends notifications
    • Updates transaction status
    • Logs activities

  5. Process Integration

    • Initiates BPM workflows
    • Passes context data
    • Handles process callbacks

Configuration​

Transaction monitoring is configured through the TRANSACTION_MONITORING_CONFIGURATION system configuration. This includes:

  • Monitoring rules and conditions
  • Action templates
  • Threshold settings
  • Integration parameters

Example configuration structure:

{
  "rules": [
    {
      "id": "high-value-transaction",
      "name": "High Value Transaction Alert",
      "condition": "amount > 100000",
      "priority": 1,
      "actions": [
        {
          "type": "startProcess",
          "processKey": "HIGH_VALUE_APPROVAL"
        },
        {
          "type": "sendAlert",
          "recipients": ["compliance@bank.com"]
        }
      ]
    }
  ]
}

Event Types​

The platform monitors various transaction events:

  • Transaction Created - New transaction initiated
  • Transaction Completed - Transaction successfully processed
  • Transaction Failed - Transaction processing failed
  • Transaction Reversed - Transaction reversed/cancelled
  • Balance Updated - Account balance changed
  • Threshold Exceeded - Configured limit exceeded

Getting Started​

Step 1: Configure Monitoring Rules​

Define your monitoring rules in the system configuration.

Step 2: Set Up Actions​

Configure actions to be taken when rules match.

Step 3: Test Rules​

Use test transactions to verify rule behavior.

Step 4: Monitor & Analyze​

Review monitoring results and adjust rules as needed.

Quick Example​

Scenario: Monitor for large withdrawals and require approval

{
  "rule": {
    "name": "Large Withdrawal Monitoring",
    "condition": "transactionType == 'WITHDRAWAL' && amount > 50000",
    "actions": [
      {
        "type": "startProcess",
        "processKey": "WITHDRAWAL_APPROVAL",
        "contextData": {
          "transactionId": "{{transactionId}}",
          "amount": "{{amount}}",
          "customerId": "{{customerId}}"
        }
      }
    ]
  }
}

Next Steps​

Support​

For questions or issues with Transaction Monitoring: