Transaction Monitoring

Boosting your business growth with AI

In today’s fast-changing economy, artificial intelligence is dramatically changing how businesses, both big and small, operate, and nowadays it’s crucial if you want to be competitive. Revogear offers you a powerful cutting-edge system, able to understand human language, automating payment transaction checks, boosting your business growth.

Checking each transaction manually is time consuming, don’t waste any time, you can just tell the transaction monitor to block all transactions that may have anti-money laundering issues, it will do the rest for you. Want you to receive a notification each time a specific company or user makes a huge payment transaction? Or maybe you just want to classify each transaction by the amount or the country location?

The transaction monitoring is an enhanced tool that allows your back office operators to monitor payment transactions and perform custom actions based on operator’s specification. It is configured by defining a set of rules, which are high level instructions, close to the natural language and easy to understand. You can define an unlimited number of rules, while the system is running and can change existing rules in real time.

How does it works?

Transaction monitoring works in parallel with other system processes, it does not need to be started or stopped, everything is automated. If you add a new set of rules or edit one of them, it will automatically load all the changes without any restart. It will check all incoming and outgoing payment transactions in the background while you can take care of other important tasks.

Here is a summary of the high level system behavior.


Rules are sentences made using keywords divided into two main categories, conditions and actions.

Actions are performed on a payment transaction only if all the conditions specified on that rule are verified. 

There can be several active rules at the same time, if a transaction matches more rules, the analyzer will then perform the actions specified by the matched rules.

Each rule can be activated, deactivated, edited or deleted from the back office application by the administrator. 

Some rules examples:

  • “block transaction if sender country is ITA  and amount >= 1000 set score 4”
  • “send notification if sender is bill and amount > 600”
  • “block transaction if beneficiary iban contains IT set score 4” 
  • “Block transaction if amount >999 and check AML set score 8”

block transaction and set score 4 belong to the category of actions to be performed if sender country is ITA and amount >=1000 conditions are met.


Inside the Transaction monitoring there is also a dashboard, a graphical user interface that allows backoffice operators to have an overview of all payments transactions which matched at least one rule, each transaction is divided by Sepa transfer requests, Wallet to Wallet payment requests, sofort requests and swift requests. 

You can also customize the dashboard adding or removing widgets as you prefer, each one can list payment transactions filtered by service and score. 

Clicking on one of the listed transactions will open a new window, displaying all the details about it. From this view we can see the analysis score, alongside the analysis description which will specify all the matched rules. 

Payment Transaction Workflow

While the Dashboard gives an overview of all the transactions which matched one or more rules, it is not the only place where you can find them. 

When you want to know what are the steps a payment is going through, you can open the workflow detail view which will list all the steps done and in progress. One of those steps is the rules check, if no rule where matched, you will simply see that the step has been completed, otherwise it will ask you to continue or to abort the payment, giving a brief  report of the matched rules.

workflow details of a payment transaction with two matched rules

Monitoring AML

Thanks to the modularity of the transaction monitoring, it is also possible to carry out anti-money laundering checks on the beneficiary of a payment transaction.

This audit relies on external systems, screening over criminal watchlists, sanctions lists and PEP lists against databases and requires essential data such as name, surname and date of birth of the beneficiary.

Keep in mind that this is just a check, the transaction monitoring system will just inform you of the problem, but it’s up to you to block or let the payment continue. 

Want to know more?

Feel free to contact us to request a demo or just to learn more about our Transaction Monitor tool