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Objective
One of the major problem faced using a digital wallet is to securely transfer money to people around the globe. There are many mobile platforms available, but they still lack sufficient functionalities and capacity to serve the rising demand. The client required to address this problem and build a custom transaction platform which can simplify currency distribution to its global users. The solution should be scalable, intuitive and should meet the global compliance norms for fraud detection, tax evasion and anti-money laundering.
Currency Conversion in Real-timeUser & Transaction Management
Global Compliance Norms for Fraud Detection, Tax Evasion, Anti-money LaunderingDesigning User Interface
Challenges
Approach
The development focus was emphasized on building a centrally-hosted transaction platform which manages the fund transfer transactions, leveraging secured & available third party solutions for payment processing. Apart from leveraging Azure’s core services, cross-platform money transfer apps were created for iOS, Android and Windows phones using Xamarin. We also integrated services like KYC (Know Your Customer), AML (Anti-money Laundering), Currency cloud to meet the global compliance laws. The solution was built in a planned phase manner, starting with a "P"Proof of Concept" to test and validate market acceptance of the proposed concept to developing the final platform.
The easiest and most cost efficient money transmittance platform worldwideSimple money transfer app with clean user interfaceAn elastic and scalable solution with secure integration flexibilitySecure money transmission environment using the latest in fraud detection, anti-money laundering and account management
Business Benef its
Building Global Money Transaction Platform To Simplify Currency Distribution
Industry Segment
Digital Enterprise
Customer Profile
Europe based digital enterprise providing banking and financial management services.
Technology and Tools
AzureXamarinASP.NETC#MS SQL ServerPower BICCurrency CloudTwilio
About Rishabh SoftwareRishabh Software provides software services and solutions to mid-sized enterprises globally through our offices in the US, UK and India. We leverage the latest technology stacks in Cloud, Mobile, Business Intelligence and other Enterprise technologies helping clients to get the best value of their IT budget. With our team of 150+ software developers, we have implemented 220+ successful projects across 22 countries. Our process-driven approach has helped Rishabh to achieve CMMI Level-3, ISO9001 and ISO27001. Our team works on .NET, Java, PHP, iOS, Android and others technologies. We are a certified Microsoft Gold partner.
www.rishabhsoft.com [email protected]
US: +1 877 747 4224 UK: +44 207 993 8162
RISHABHR SOFTWARE
RSPL / CS / Mobile M
oney Soln / 01
