Open Remit

Transform cross-border services for your diaspora clients

Open Remit is an API-based solution for financial institutions serving diaspora clients. It offers account aggregation and instant cross-border transfers within existing platforms, allowing clients to link European and local accounts seamlessly via the institution’s app.

By integrating Open Remit, institutions expand their services to meet diaspora needs, enhance engagement, and simplify remittances. The solution ensures compliance and positions the institution as a trusted partner for secure, efficient financial services.

Agrégation de comptes et transferts via des API

Instant transfers for senders: Front Brand’s technology, based on open banking for instant payment initiation, enables seamless and instant digital money transfers across your remittance channels.

Enhanced account connectivity : Enable your diaspora clients to aggregate and view all their financial accounts within your app, providing them with full financial visibility and control.

Customizable integration : Tailor the solution to fit your institution’s needs, from corridors to transaction limits, ensuring optimal functionality and a personalized user experience.

Strengthen diaspora relationships : With Open Remit, deepen engagement with your existing diaspora clientele by offering essential account services that cater specifically to their needs.

Leverage proven compliance : Powered by Money International’s expertise, Open Remit ensures compliance with international regulations, simplifying implementation for your institution.

Revolutionize your diaspora offering

Seamless integration with existing systems : Leverage advanced APIs to enhance your app with instant account aggregation and cross-border transfer capabilities.

Tailored solutions for diaspora clients : Offer personalized services that address the unique needs of diaspora customers, improving loyalty and engagement.

Enhance client retention with
Diaspora-centric solutions

Easily expand your App's capabilities

Easy and quick
Implementation

Quickly integrate our secure and flexible technology into your existing app, enabling seamless service expansion without disruption. Scalable to grow with your needs.

Customizable
White-label APIs

Implement fully branded APIs and web services into your app, delivering a seamless user experience tailored to your institution’s identity.

Full tech
Support

Rely on comprehensive technical support to ensure smooth implementation and efficient operation of the provided technology.

Build, monitor, account aggregation and instant bank-to-bank transfers with the all-in-one dashboard

360° Insights: Access real-time insights into transactions and performance.

Dynamic Fee and Forex : Set fees and forex rates per corridor and range with ease.

Aggregation Tracking: Monitor account aggregation in real-time.

Custom Reporting: Generate analytical and regulatory reports with ease.

Comprehensive Support: Access docs and assistance for smooth integration.

Settlement Tracking: Monitor settlements to ensure accurate reconciliation.

mitech vs. In-House Development

In-House

mitech

Technology

Classic

Requires significant investment in building and testing customized technology, often leading to delays and unforeseen technical challenges.

Mitech

Use a fully tested, white-label solution with advanced features like real-time settlement tracking, dynamic pricing, and seamless integration.

Compliance

Classic

Requires hiring experts and allocating resources to navigate complex regulatory requirements, often resulting in significant time and cost investments.

Mitech

Built-in compliance ensures full adherence to international regulations, simplifying complex requirements within your remittance services.

Cost

Classic

Requires significant investment in developing the technology and acquiring and maintaining the necessary license, adding complexity and ongoing expenses.

Mitech

Avoid the costs of technology development, license acquisition, and maintenance by relying on a ready-to-use solution that eliminates operational costs.

Go-to-market

Classic

At least 24 months

Mitech

Less than 8 weeks