The international money transfer operator, Tempo Money Transfer has successfully completed collaborative software project with leading multi-channel money transfer solutions provider RemitONE, the two companies said in a recent joint press statement.

The companies have signed the deal and commenced proceedings with their implementation of the agreement.

The joint project is going to give a new approach in implementing the latest versions of software for remittances, including sophisticated functionality for KYC & AML procedures, transaction monitoring and send and payout agent reconciliation. It features a new prospect in worldwide connectivity in the field of remittances.

RemitONE provides state-of-the-art IT solutions and connectivity to an impressive network of money transfer operators, banks, FX companies, remittance hubs and variety of SMEs around the world.

The president for Tempo France, which is currently running Tempo Money Transfer, said that using the latest IT technologies is a key element for the Paris-based company.

“As one of the most dynamic, developing remittance service providers in the EU, and a company, having been granted its European money transfer license by the French regulatory authorities, we pay great attention to the efficiency of our IT systems, combining such vital components as security of transfers, anti-money laundering policies and many more client conveniences and services. Having exchanged our views of possible collaboration with our colleagues at RemitONE, we came to the conclusion that they can perfectly meet our demands and high operational standards. The team at RemitONE are dynamic professionals who thoroughly understand the money transfer industry”,

said the president for Tempo France, Mr. Jeffrey Phaneuf.

He elaborated that the deal will open promising operational prospects in terms of widening Tempo’s network worldwide.

It will provide an easy way to cooperate with over 75 new partners who are using the same technologies in Africa, Latin & South America, India and the Philippines.

“Once the project is fully completed, we will operate in 108 states, globally,” Mr. Phaneuf said.

Mr Anwar H Saleem, managing director of RemitONE, said

“We are proud to have Tempo France as our client. Tempo France are an ambitious market player in the European region and have a very strong leadership team. We see exceptional value in our partnership and are optimistically confident in Tempo’s immense potential. We look forward to supporting them with our pioneering technology services to help them achieve rapid business growth.”