Fintech & Digital Assets
ISO 20022 and the remittance counter: what exchange houses need to change
Cross-border payment messages have moved to ISO 20022. The richer data only helps if it is captured correctly at the counter and in the app.
Exchange & Remittance
Currency exchange and cross-border remittance platforms for exchange houses, remittance companies and businesses that pay across borders.
Overview
Oman sends a large share of its remittances to South Asia and Africa, and most of that money still moves through exchange-house counters. Many of those houses run branch software that was written for cash and has had online channels bolted on later. We replace or extend it with a single platform for branches, web and mobile, with live rates, cash stock control and the compliance checks every transfer needs.
On the payout side we connect to banks, wallets and cash-pickup networks in the destination country, so a customer can choose how their family receives the money. For corporate clients the same engine handles multi-currency accounts, rate locking and bulk supplier payments.
What the service covers
| Service | What it covers | Typical components |
|---|---|---|
| Currency exchange platforms | Branch, online and mobile systems for exchange houses, with live rates, stock control and regulatory reporting. | Branch systems, Rate engines, Cash management |
| Cross-border remittance | Send and receive corridors connected to banks, wallets and cash-out networks across the Gulf, Asia and Africa. | Corridors, Wallet payout, Cash pickup |
| Corporate FX and treasury | Multi-currency accounts, rate locking and payment batches for businesses that trade across borders. | Multi-currency, Rate lock, Bulk payouts |
| Compliance built in | Sanctions screening, transaction limits and suspicious-activity workflows embedded in every transfer. | Screening, Limits, STR workflow |
How we deliver
Discovery and regulation
We map the product, the users, the licences required and the partners who hold them.
Architecture
A modular, API-first design that adds rails, currencies and assets without a rebuild.
Build and integrate
Platform engineering and connections to banks, schemes, exchanges, custodians and blockchains.
Secure and certify
Penetration testing, PCI and ISO controls, and audit evidence before launch.
Operate and grow
Monitoring, reconciliation, support and continuous improvement under service levels.
From our insights
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Losses at exchanges and custodians rarely come from broken cryptography. They come from weak controls around keys, approvals and withdrawals.
Talk to us about Exchange & Remittance
Send us the details and the practice lead will reply within one business day.