Delivering Real-Time, Cardless Cash Solutions for a Venture-Backed Fintech Company

There was no easy way to transfer emergency cash.

The process of delivering compensation, incentives, or gifts was quite a tedious process that involves knowing the recipients’ bank account details, etc.

Even the programs that were running cash delivery required recipients to travel to the dedicated centers to collect.

Settlements and reconciliations of such transactions were very tedious involving a lot of manual work in terms of analyzing the reports, matching each transaction and delivering the services fees to involving parties.

Created a web application that interacts with a payment ecosystem to deliver cardless cash without any requirement of a bank account.

Delivered SMS on phone with sender details, transaction credentials and an SMS containing ATM locator web link to locate nearby ATMs equipped with the cardless program.

APIs that can be used by clients to push transactions and get real time updates on the transactions.

Three layers of security including VPN connection between the nodes, JWT based identity verification, and digital signature-based message integrity.

Built-in anti money laundering system to ensure legal and controlled use of the system.

First of its kind application that delivers emergency cash without any card or bank account.

Reduced flight compensation payout time by up to 70% using only the recipient’s phone number.

Services to interact with clearing banks for transaction reconciliations.

Eliminated 90% of manual effort in fee processing, by automating month-end fee file generation and stakeholder reporting workflows.

Deliver emergency cash using just the recipients’ phone number.

Target wider clients by offering APIs to connect to the payment ecosystem.

In-built anti money laundering system, reports and reconciliation tools.