FinTech software solutions provider RemitONE received an honourable mention in the prestigious 2018 Remittances Innovation Awards (RemTECH Awards).

The RemTECH Awards were developed to showcase the most innovative and outstanding technological ideas designed to improve remittance services worldwide. The award winners are companies, groups, collectives or individuals that come up with ground-breaking solutions that benefit the market ecosystem, improving transparency, speed, cost and reliability for the companies and end-users that send and receive remittances every day.

The competition was open to contestants from all over the world. A number of categories had been set up to help entrants determine the best attributes, including End User Experience, Innovative Agent Solution, Back Office Solution, Compliance and Customer Service – plus wider considerations such as Social Impact. A judging panel of industry colleagues selected the nominated entries and the winners.

As the leading provider of innovative technology in the remittance sector, RemitONE scores well as an enabler to remittance providers in each of those categories. Given the wide range of firms involved in the RemTECH awards, receiving an Honourable Mention is a significant achievement for RemitONE.

In particular, RemitONE scored highly on its compliance module, RemitONE COM, as a solution for de-risking remittances. The judges commented: “RemitONE’s solution shows that they understand the problem that needs to be addressed and have built a solution to it, rather than many others which have a solution but are not addressing a real-world problem. It is particularly noteworthy because their solution helps not just MTOs but regulators as well and could make a major difference to the problem of de-risking.”

“The $680bn money transfer industry plays an important role in allowing migrant workers to directly support loved ones back home” says Anwar H Saleem, RemitONE CEO. “We provide end to end money transfer solutions, from consulting services, through to technology platforms and business growth via our client and partner network.

We are delighted to have been selected for an Honourable Mention by RemTECH. It reflects our commitment to offering thought leadership and technology best practice in an industry that serves lower paid workers and millions of unbanked people around the world. It also reflects our strong capability in supporting remittance providers globally.”

As a result of the Honourable Mention, RemitONE now enters the ballot of the Industry Choice Award, which will be announced at the Global Forum for Remittance, Investment and Development on May 8th in Kuala Lumpur, Malaysia. Aamer Abedi, Chief Marketing Officer RemitONE, will be present at this event.

Useful Links:
www.remitone.com
www.remtech.org