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Development of a Cross-Platform International Remittance Application with Multilingual Support and Advanced Security
  1. case
  2. Development of a Cross-Platform International Remittance Application with Multilingual Support and Advanced Security

Development of a Cross-Platform International Remittance Application with Multilingual Support and Advanced Security

yojji.io
Financial services
Information technology

Identifying the Challenges in Cross-Border Money Transfer Services

The client faces difficulties in providing a multilingual, secure, and flexible remittance platform that caters to international businesses. The need to support multiple payment methods, ensure compliance, and enable easy user management represents significant development and operational challenges.

About the Client

A mid-sized fintech company aiming to facilitate efficient and secure international money transfers for businesses and consumers, with plans to expand multilingual support and diverse payment options.

Goals for Building a Robust International Remittance System

  • Develop a cross-platform application enabling international money transfers with seamless user experience on web and mobile devices.
  • Implement multilingual support to cater to a diverse international user base.
  • Enhance security features including biometric authorization such as Face ID and fingerprint authentication.
  • Design and develop comprehensive admin panel functionalities for user, role, and department management.
  • Enable flexible pricing structures, manage multiple payment options, and facilitate both sending and receiving transfers.
  • Integrate advanced compliance measures including suspicious transaction detection and blacklisting capabilities.
  • Build marketing and promotional campaign functionalities, including discounts, referral programs, and promo codes.

Core Functional Requirements for the International Remittance Platform

  • Redesigned user interface for streamlined money transfer processes
  • Multilingual support for diverse international markets
  • Biometric authentication (Face ID, fingerprint) for enhanced security
  • Admin panel with user, role, and department management capabilities
  • Flexible payment methods and transaction options for users
  • Send and receive money transfer functionalities
  • Compliance tools for suspicious transaction detection and blacklisting
  • Promotion management including discounts, referral programs, and promo codes
  • Payment and payout processing functionalities
  • Integration of security features to meet compliance standards

Preferred Technologies and Architectural Approach

React
React Native
Java

External System Integrations for Seamless Operations

  • Payment gateway APIs for diverse payment options
  • Compliance and security modules for transaction monitoring
  • Biometric authentication frameworks
  • Messaging and notification services

Critical Non-Functional System Requirements

  • Scalability to support thousands of concurrent users and transactions
  • Performance optimized for minimal latency with real-time processing
  • High security standards to protect user data and transactions
  • Compliance with international financial regulations
  • Availability and reliability with 99.9% uptime

Expected Business Impact and Project Benefits

The implementation of this platform is projected to significantly reduce transaction costs, enhance compliance and security, and expand the client’s market reach. It aims to support the handling of substantial transaction volumes, improve user satisfaction through multilingual and biometric features, and generate new revenue streams through flexible pricing and promotional tools.

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