Key Features
- Definition of multi-dimensional ( relationship based) pricing rules based on value, volume, channel etc and thereby increase fee based income
- Integrated delivery of various modes of Remittances such as email, mobile, internet and via other bank networks
- Online real time exchange rate feeds to offer better spreads to the end customer
- Middleware for message parsing, validation and acknowledgement
- Compliance monitoring based on local and international and local regulations
- AML and Beneficiary validations with country specific negative list
- Automated alerts to multiple parties such as remitter, beneficiary etc on SMS, Email
- Facilitates reconciliation of outstanding /exceptions
- Rule based configuration of STP process enhances operational performance
Faster remittance mechanisms that effectively reduces cost of transaction to the Bank
" Remittance is one of the fastest growing businesses in the world. Intellect Remittance provides a secure, efficient and rapid transfer of money to your loved ones "