The customer wanted to build a custom money transaction platform that simplifies currency distribution for their global users. It must be scalable, intuitive & meets the global compliance norms for fraud detection, tax evasion & anti-money laundering. It would simplify currency distribution and facilitates instant fund transfers anywhere in just a few taps.
The mobile solution helps manage secure fund transfer transactions based on the integration of reliable & available third-party solutions for payment processing.
Multi-layer login verification to validate the user identity before processing digital cash transfer via the mobile app with real-time status tracking of processed transactions
Contactless payment system for users that supports 1000+ credit unions and bank accounts
Allow users to enjoy stress-free cross-border fund transfers such as sending euros and receiving dollars in just a few swipes
Real-time update on exchange rates before making the final transactions to benefit from discounts on transfer fees
Our proficient team utilized Microsoft’s ecosystem to develop the entire money transfer platform with related components. The solution was built in a planned phase manner, starting with a “Proof of Concept” to test and validate market acceptance of the proposed concept to develop the final platform.
We utilized .NET’s capabilities to develop a centrally hosted transaction platform that manages the fund transfer transactions. Our team leveraged Azure and SQL Server to manage mission-critical database workloads for this platform. It offered limitless scalability and performance and security to manage fund transfer transactions.
We used secure & available third-party payment processing & fund transfer solutions like Currency Cloud for currency conversion & Open Exchange Rates for currency value checks. Twilio was for text-based messaging alerts on transactions, ID3 Digital for Know Your Customer (KYC) processes.
With Xamarin we built an easy-to-use cross-platform mobile application that helped minimize development costs, increase device adoption, and app usability.
We utilized Power BI’s innate dashboarding capability to create templates for generating & extracting reports for platform users.