Inward & Outward Remittance Settlement Services
Fast, Transparent, and Compliant Cross-Border Payment Solutions
Why Remittance Settlement Matters
Cross-border commerce and global payroll depend on seamless inward and outward remittance settlements. Efficient processing reduces costs, accelerates cash flow, and ensures regulatory compliance.
Speed
RTGS, SWIFT, NEFT/IMPS, and ACH options enable near-real-time transfers.
Transparency
End-to-end tracking with reference numbers, status alerts, and reconciliation reports.
Cost Efficiency
Competitive forex rates and optimized routing lower fees.
Compliance
Adherence to AML, KYC, RBI, FEMA, FATF, and local regulations.
Our Service Portfolio
- SWIFT MT103/MT202 handling
- Direct credit to beneficiary accounts (Nostro/Vostro)
- Rapid beneficiary verification and settlement
- Multi-channel execution: SWIFT, RTGS, NEFT/IMPS, ACH
- Bulk and single-transaction processing
- Dynamic routing for best FX rates and fees
- AML/KYC verification, OFAC screening
- RBI and FEMA adherence (LRS, ODTE, SFT)
- Automated regulatory reporting and audit logs
- API-based tracking dashboards
- Transaction status updates, exception alerts
- Automated reconciliation and exception handling
- Daily statement parsing and matching
- Chargeback resolution and inquiry management
- Treasury integration for liquidity management
Our Step-by-Step Workflow
Client Onboarding
KYC, AML screening, and account setup.
Instruction Capture
Secure upload or API instruction through formats (MT, JSON, CSV).
Execution & Routing
Optimal channel selection based on cost and speed.
Settlement Processing
Bank-to-bank instructions, Nostro/Vostro entries.
Tracking & Notification
Real-time status updates via email, SMS, and dashboard.
Reconciliation
Automated matching of incoming/outgoing flows with statements.
Reporting
Daily, monthly, and ad-hoc compliance and management reports.
Audit & Review
Full audit trail, exception logs, and SLA performance review.
Best Practices for Remittance Settlement
Implement API Integration: Eliminate manual errors and accelerate instruction submission.
Adopt ISO 20022 Messaging: Standardize data for clarity, richer remittance information, and future-proofing.
Use Dynamic FX Routing: Leverage multiple liquidity providers to secure best rates.
Monitor KPIs: Settlement time, exception rate, reconciliation accuracy, and compliance breaches.
Maintain Regulatory Updates: Stay current with RBI circulars, FEMA amendments, and global AML standards.
Key Performance Indicators (KPIs)
| Metric | Industry Benchmark | Our Target |
|---|---|---|
| Inward Settlement Time | 1–2 days | Same-day |
| Outward Settlement Time | 1–3 days | <24 hours |
| Exception Rate | 1–3% | <0.5% |
| Reconciliation Accuracy | 95–98% | ≥99.5% |
| Regulatory Reporting Turnaround | 5–7 days | <2 days |
| API Integration Adoption | 60–75% | ≥90% |
| Core Web Vitals (SEO) | Avg. 80% | ≥95% |
| Mobile Optimization Score | Avg. 85% | ≥98% |
Technology Solutions & Tools
Payment Hubs: SWIFT Alliance, Finastra, Volante, Traxpay.
API Gateways: MuleSoft, TIBCO, Apigee, custom REST/JSON.
Compliance Engines: FICO TONBELLER, Oracle Financial Crime, Actimize.
Reconciliation Software: AutoRek, ReconArt, BlackLine.
Dashboards & Alerts: Tableau, Power BI, bespoke portals.
Blockchain Pilots: RippleNet, Corda, digital asset settlement trials.
Industry-Specific Customizations
Instant payouts, vendor settlements, global payouts.
International salary disbursements, student fee collections.
Supplier payments, export proceeds collection, duty remittance.
White-label platforms, co-branding, API partners.
Multi-currency grants, micro-remittances, traceable disbursements.
Risk Management & Compliance
Risks
Sanctions breaches, fraud, FX volatility, regulatory non-compliance, operational errors.
Mitigation
Real-time OFAC/PEP screening, secure SWIFT channels, multi-factor authentication, automated compliance engines.
Regulatory Framework
RBI/FEMA, FATF recommendations, SWIFT rules, ISO 20022, local country remittance regulations.
Industry Recognition & Credentials
SWIFT Certified Partner
ISO 20022 & ISO 9001:2015
RBI Approved Remittance Service Provider
Major Banking Partnerships: Citi, HSBC, Standard Chartered, HDFC Bank
Frequently Asked Questions
Success Stories & Case Studies
Reduced outward settlement time from 3 days to same-day, enabling faster vendor payouts.
Automated inward fee collections for 5,000+ international students, improved reconciliation accuracy to 99.7%.
Optimized FX routing for outward payments, saved 12% on fees, enhanced transparency.
Simplify Your Remittance Settlements Today
Special onboarding incentives available until December 31, 2025.
Get a Free Remittance Consultation, Download the Remittance Integration API Guide, Start Your Remittance Service Onboarding, or Get an Instant Cost Estimate.
