Mumbai: +91-(022)-41129999, 25909919, 25914669, 25919252

Pune: +91(020)-24218841, 24218842, 24230000

Cash Disbursement Portal

Banks tie up with various money transfer agents, for disbursing remittances, received from foreign countries, to the beneficiaries through their wide network of branches. It becomes responsibility of bank to disburse the money to right beneficiary hence there are various mandatory activities like Customer Profiling, KYC updation etc.. based on the rules laid by the regulatory authority, to help curb financial mal practices like money laundering etc.. Our Cash disbursement portal, automates the process, right from Capturing the beneficiary data, pulling transactions from agents, fund transfer, receipt generation. It also provides efficient single window for all reports.

About

Objectives
  • Provide Facility to Branches for disbursement of remittances received from money exchanger agencies.
  • Seamless integration with money exchanger agency for verifying and transferring money for remittances.
  • Implementation of work flow to approve and disburse remittances to beneficiary
  • Generate MIS reports and audit trail
Features
  • Define bank topology – users, roles, privileges, hierarchy & role-operation mapping
  • Master date maintenance such as Country, Partner, Partner accounts, withdrawal limits
  • Operations: Customer profiling (maker/checker), Cash Disbursement (maker/checker), Work Id updation
  • Integration with web API’s provided by various money transferring agents (currently supported agencies are EzRemit and xPressMoney)
  • Multiple payout mode supported such as cash, DD, Pay Order or direct account transfer
  • Support for multi currency and multi country for disbursement of remittances

Technology

  • Web-based application
  • ASP.NET 3.5 MVC2, WCF REST Webservice
  • Onion Architecture based pluggable components
  • SQL Server 2008