ModernRails automates virtual Nostro account management for connected institutions, providing real-time position visibility, automated reconciliation, and atomic FX execution without over-funding dormant accounts.
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Same-Day Reconciliation Efficiency
Payment and transaction data is validated, enriched, and matched to balance records in real time, not at end-of-day. Every payment state change triggers an immediate corresponding ledger update.
3:02 PM - Aug 22, 2021
Enhance Accounting Efficiency and Treasury Controls
ModernRails produces analytical and operational truth simultaneously. Dashboards and reports are built from the same authoritative event sequence as settlement, so liquidity management becomes real-time rather than reactive across corridors.
Virtual Accounts
Create and assign sub-accounts programmatically via API. Issue sub-accounts to users or entities using the account structure API. Each transaction carries detailed context for accurate reconciliation. Payment returns, reversals, and exception items are resolved within the same account structure, not as separate manual workflows.
Account Management
Real-time balance visibility across accounts, covering checking, savings, custodial, and FBO structures. Generate bank statements, manage cards, and monitor account positions from the same operational dashboard used for payment initiation and approval. Full account lifecycle management through API or operator interface.
Ledgers
Track balances with custom ledger accounts and organize transactions by category. Create as many ledgers as needed via API. Multi-entity ledger support accommodates institutions with subsidiary structures or separate accounting cycles. Query transactions, accounts, and entries across all ledgers from a single API endpoint.
Enhance Accounting Efficiency and Treasury Controls
With ModernRails treasury, you can track money at scale using our robust API. Create as many ledgers as needed, track balances with custom ledger accounts, and organize transactions with categorization. Our API allows you to query transactions, accounts, and entries easily.
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