FinTech Services | FinTech Applications & Solutions

Business Impact

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Digital payment transactions have replaced traditional money transfers as they are faster, cheaper, and more convenient.

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By 2030, it is projected that the worldwide digital remittance market would be worth USD 60.05 billion. From 2022 to 2030, it is anticipated to grow by 15.0% CAGR.

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We have developed an end-to-end digital remittance solution that helps end customers transfer money securely and faster.

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The solution includes the management of agents, agent contracts, reconciliation, inter-branch transactions, P&L statements, and compliance.

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The application integrated with third-party services for Bank transfer integration, Fraud Prevention, and electronic submission of compliance reports.

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The solution helps customers easily compare rates and request fund transfers and also features to add KYC information and submit documents for verification.

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Technology Stack

Solution Overview

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Enables to easy source and manage Agents, Agent Contracts, Reconciliation, Inter branch transaction, P&L Statement and Compliance.

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Integrates with third-party services for Bank transfer integration, Fraud Prevention and electronic submission of compliance reports.

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Enable customers to easily compare rates and request for fund transfers and also provide KYC information and submit documents for verification.

Key Features

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KYC Process

Easy onboarding process with user information and integrated options for scanning documents required for “Know your Customer”.
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API and Reports

Generate compliance reports based on the country of origin with Lexus-Nexus API.  Integrate with various providers – POLI API for Forex transactions and Lexus/Nexus API for compliance.
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Quote and Fix

Customer can check for the currency exchange rate provided and quote for it. On confirmation, they can transfer money based on the fixed rate.
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Rule based Fraud Prevention

Detect and prevent fraudulent transactions with configurable fraud prevention rules.
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Agents Management

Onboard and manage agents/sub-agents who bring business to you. With multiple users under each agent, operate with ease.
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Fees and Charges

Configure transaction fee and commission rates applicable across agents and sender.

Trusted and Proven Engagement Model

  • A nondisclosure agreement (NDA) is signed to not disclose any sensitive information revealed over the course of doing business together.
  • Our NDA-driven process is established to keep clients’ data and IP safe and secure.
  • The solution discovery phase is all about knowing your target audience, writing down requirements, and creating a full scope for the project.
  • This helps clarify the goals, and limitations, and deliver quality products & services.
  • Our engagement model defines the project size, project development plan, duration, concept, POC etc.
  • Based on these scenarios, clients may agree to a particular engagement model (Fixed Bid, T&M, Dedicated Team).
  • The SOW document shall list details on project requirements, project management tools, tech stacks, deliverables, milestones, timelines, team size, hourly/monthly rate cards, billable hours and invoice details.
  • On signing the SOW, an official project kick-off meeting shall be initiated.
  • Our implementation approach, ecosystem, tools, solutions modelling, sprint plan, etc. shall be discussed during this meeting.

Our Award-Winning Team

A seasoned AI & ML team of young, dynamic and curious minds recognized with global awards for making significant impact on making human lives better

Awarded Bronze Trophy at CII National competition on Digitization, Robotics & Automation (DRA) – Industry 4.0

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50+

AI & ML
Engineers

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40+

AI & ML
Projects for
reputed Clients

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5 yrs

in AI & ML
Engineering

Awarded as Winner among 1000 contestants at TechSHack Hackathon

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