Money transfer, forex & remittance
Where compliance and reconciliation cannot slip
Money movement businesses live or die on two things: staying compliant, and knowing that every rupee is accounted for. Both need to be built into the system, not bolted on afterwards or checked once a month.
What usually hurts
- KYC and transaction limits enforced by staff memory rather than by the system
- Agent and branch balances that need manual tallying every evening
- Forex rate margins applied inconsistently across counters
- Audit requests that take days to answer because the trail is scattered
- Failed or reversed transfers found late, after the customer complains
What I build for you
Compliance built into the flow
KYC capture, customer and transaction limits, duplicate and pattern checks enforced at the point of entry — so a non-compliant transaction simply cannot be completed.
Agent and branch network control
Float balances, credit limits and commission structures per agent, with settlement positions visible live rather than tallied at night.
Rate and margin management
Central control of forex rates and spreads, applied consistently everywhere, with an override trail when someone deviates.
Automated reconciliation
Partner, bank and internal ledgers matched automatically, with unmatched items raised as exceptions the same day.
Complete audit trail
Every transaction, amendment and approval recorded with who and when — so an audit request is a report, not a project.
What the first three months look like
Every business is different, but this is the shape most engagements in this industry take.
- Weeks 1–2
Map the compliance obligations
Work through exactly which checks are required at which points, and where the current process depends on a person remembering to do them.
- Weeks 3–6
Build compliance into the flow
KYC capture, limits and duplicate checks enforced at entry, so a non-compliant transaction simply cannot be completed rather than being caught later.
- Weeks 7–10
Agent balances and settlement
Float and credit limits per agent or branch, live settlement positions, and automated matching against partner and bank statements.
- Weeks 11–13
Audit trail and go-live
Complete change history, exception reporting, and a parallel run before switching over — because this is not a domain where you take chances.
Forex & remittance: common questions
By enforcing them in the system rather than in the training manual. If a required check has not been completed, the transaction cannot progress. Overrides exist for genuine edge cases but they are logged, attributed and reported — which changes behaviour on its own.
Yes. Partner and bank statements are imported and matched against internal records on a schedule, with anything unmatched raised as an exception the same day rather than found at month end.
The aim is that it becomes a report rather than a project. Every transaction, amendment and approval is recorded with who did it and when, so producing an audit trail for a date range takes minutes.
Other industries I work in
Pharmacy & healthcare retail chains
Built for batch, expiry, licences and thin margins
Retail & multi-store businesses
One live view across every branch
Travel agencies & tour operators
Bookings, costing, commissions and settlements in one place
Want to talk about forex & remittance?
Thirty minutes, no sales pitch. Just a straight read on your situation.