Reserve Bank

A key focus has been their collective effort to develop a regional ‘Know Your Customer’ (KYC) facility. The central banks, with support from the International Monetary Fund and other international agencies, have successfully completed an initial phase of work on a KYC facility for the South Pacific region.

Montran, which won the bid to provide the infrastructure, is a New York-based company specializing in the design and implementation of global payment systems, real-time gross settlement systems (RTGS), automated clearing house systems (ACH), automated transfer systems (ATS), and central securities depository systems (CSD).