How Novatti automates merchant onboarding, multi-rail payment routing, and global settlement
Novatti is an Australian global payments company offering card issuing, acquiring, cross-border settlement, and BIN sponsorship for merchants and fintechs. Behind every transaction sits a workflow stack that onboards the merchant compliantly, routes the payment across the right rail, settles the funds across currencies, and reconciles the ledger.
A payments platform is a regulated network sitting between merchants, card schemes, banks, and consumers. Every transaction has to be onboarded under the right compliance regime, routed across the right rail, settled in the right currency on the right day, and reconciled against statements from multiple counterparties. Novatti automates that pipeline so a merchant can go live in days instead of months and the operator can sleep through the settlement window.
The four pain points Novatti's automation has to solve
Merchant onboarding is a regulated bottleneck. KYC, KYB, AML screening, beneficial ownership, scheme rules, jurisdiction-specific licences. Done manually, a single merchant takes weeks to clear and the pipeline backs up.
Payments cross many rails with different rules. Card schemes, real-time payments, ACH, SWIFT, local rails. Each has its own message format, cutoff, and cost. Routing by hand leaves fees on the table and SLAs missed.
Settlement is multi-currency and multi-counterparty. A transaction in EUR billed in AUD settled in USD across two banks and a scheme has to land in the right account at the right time. Manual reconciliation against many statements is a full-time job.
Compliance reporting is non-negotiable. Regulators, schemes, partner banks all expect timely, auditable reporting. A late or wrong report is a fine and a relationship problem.
Four automation patterns that keep Novatti moving
Compliance-aware merchant onboarding
KYC, KYB, AML screening, beneficial-ownership checks, and licence requirements run automatically against the merchant's jurisdiction. A clean merchant goes live in days, not weeks.
Smart multi-rail routing
Payments route across card schemes, real-time rails, ACH, SWIFT, and local rails based on cost, speed, geography, and counterparty availability. The right rail wins per transaction.
Multi-currency settlement on rails
Settlements land in the right account in the right currency on the right day, with FX handled inside the ledger. Reconciliation runs against partner-bank and scheme statements automatically.
Regulator + scheme reporting on a schedule
Required reports to regulators, schemes, and partner banks are generated on cadence from the same ledger. Audit trails follow every transaction; no last-minute report scrambles.
The four-stage pipeline
Every transaction on Novatti runs through the same four-stage shape — onboard the merchant compliantly, route the payment across the right rail, settle in the right currency, report to the regulator and the scheme. The same pipeline serves a single fintech's first card programme and an enterprise merchant's global volume.
Case study: Novatti
Novatti
Challenge
Run a global payments business that handles compliant merchant onboarding, smart multi-rail routing, multi-currency settlement, and regulator-grade reporting — at the speed merchants and fintechs expect, without becoming a bottleneck on every new programme.
Solution
Novatti built a payments pipeline where onboarding automates the regulated checks, routing picks the right rail per transaction, settlement and FX are handled inside one ledger, and compliance reporting runs on cadence. Merchants go live in days; operators sleep through the cutover.
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How does Novatti onboard new merchants?
KYC, KYB, AML screening, beneficial-ownership checks, and jurisdiction-specific licence requirements all run automatically against the merchant's profile. A clean merchant clears in days instead of weeks, and edge cases route to a human for review with the evidence pre-attached.
How does Novatti decide which rail a payment uses?
Payments route across card schemes, real-time rails, ACH, SWIFT, and local rails based on cost, speed, geography, and counterparty availability. The right rail is picked per transaction, not per programme.
How does Novatti handle settlement across currencies?
Settlements land in the right account in the right currency on the right day, with FX handled inside the ledger. Reconciliation runs against partner-bank and scheme statements automatically, so the operations team is not chasing breaks at 2am.
Run your payments the same way
Byteflow gives you the workflow shape — onboard, route, settle, report — so your merchants go live faster and your back office runs clean.
Start automating →Easy automation. For everyone.