Watch in 90 seconds the vision behind the CRP
Connect all market participants and enable Central Banks to control remittance processes in real-time with our advanced financial infrastructure
Connect all market participants and enable Central Banks to control remittance processes in real-time with our advanced financial infrastructure
The current remittance landscape presents significant challenges for Central Banks and regulatory bodies.
Exponential growth in cross-border money transfers creates increased pressure on existing infrastructure.
Fragmented market with numerous remittance service providers operating independently without unified standards in place.
Lack of unified data repository prevents comprehensive market analysis and effective oversight.
Regulatory oversight happens after transactions occur, limiting proactive intervention capabilities.
With limited visibility into transaction flows and participant activities, the control function becomes a formality rather than an effective regulatory mechanism.
The fragmented nature of today's remittance market creates significant vulnerabilities.
Unmonitored financial flows can pose national security risks and undermine economic stability.
Inadequate Anti-Money Laundering and Counter-Terrorism Financing controls enable illicit financial activities.
Incomplete market data leads to inaccurate analysis and ineffective policy decisions.
Failure to comply with international standards can result in financial sanctions and reputational damage.
Our Centralized Remittance Platform transforms fragmented markets into transparent, controlled ecosystems.
Comprehensive data gathering from all market participants provides complete visibility into remittance flows.
Automated AML/CFT checks and regulatory oversight enable proactive intervention and compliance enforcement.
Detailed, customizable reports provide actionable insights for policy decisions and market analysis.
A streamlined implementation process designed for minimal disruption and maximum effectiveness is in place.
Secure deployment of core platform infrastructure within the Central Bank's environment.
Implementation of secure, role-based interfaces for all system participants.
Configuration of compliance rules and a comprehensive staff training program.
Phased onboarding of remittance service providers using standardized API connections.
Forms a centralized big data system for comprehensive market oversight
CRP delivers transformative capabilities to enhance regulatory oversight and financial security.
CRP allows monitoring, analyzing, and managing risks related to exchange rate fluctuations and potential delays in settlements by the sending party.
Automated AML/CFT checks enable the prompt identification and prevention of high-risk transactions before they're completed.
Ensures a clear, real-time picture of all market activities, enabling effective policy decisions and strategic planning.
CRP simplifies compliance and streamlines operations for service providers.
Automated AML/CFT checks reduce the need for extensive internal compliance teams and infrastructure.
Universal API and comprehensive QSystems support enable rapid onboarding with minimal technical overhead.
Direct data transmission to the Central Bank eliminates manual reporting requirements and reduces administrative burden.
Our proven track record of successful CRP implementations across multiple markets.
Implementation Year
2019
Money Transfer Operator
4 RSPs
Financial Institutions
36 Banks
Comprehensive nationwide implementation with full integration of all major remittance corridors.
Implementation Year
2017
Money Transfer Operator
20 RSPs
Financial Institutions
30 Banks
First full-scale CRP deployment with advanced compliance monitoring and reporting capabilities.
Implementation Year
2023
Money Transfer Operator
44 RSPs
Financial Institutions
36 Banks
Large-scale implementation with extensive network coverage and advanced regulatory compliance features.
A global leader in financial technology solutions for over two decades.
QSystems Ltd. was founded in 2001. In 2009 QSystems Ltd. was incorporated into the UK-based company QSystems Global, expanding our international presence and capabilities.
Provide innovative payment technologies and solutions to support the development of the digital economy. Upgrade the payment infrastructure for remittances and consumer payments to meet modern security and efficiency standards.
A technology provider for the financial sector, specializing in payments and remittances with a focus on secure, scalable solutions for regulatory bodies and financial institutions.
Central and Commercial Banks, Money Transfer Systems, Processing and Payment Organizations, E-Governments and Postal Services across multiple regions and regulatory environments.
Implementation of international and local payment gateways. Integration of financial institutions and payment operators, including remittance service providers (RSPs) with a focus on security, compliance, and operational efficiency.
Our team of experts is ready to provide a personalized demonstration of the CRP platform tailored to your specific regulatory environment.
We're ready to meet, present CRP, and create a custom implementation plan tailored to your regulatory requirements and market conditions.