The SaaS that allows banks to manage bulk outward remittances requested by their partners and corporates is called a "Bulk Outward Remittance Management System." This system enables banks to manage and process multiple outward remittances simultaneously, reducing manual efforts and increasing efficiency. The system typically includes features such as beneficiary management, transaction tracking, compliance checks, and reporting capabilities. By using a Bulk Outward Remittance Management System, banks can offer their partners and corporates a reliable and efficient way to manage their payment transactions while maintaining compliance with regulatory requirements.
Fable Fintech creates customizable international remittance SaaS solutions / white-label money transfer software / open banking APIs / white-label global payments platforms (SaaS/PaaS)/ Forex rate systems for banks and financial institutions. Fable Fintech also provides cross border B2B, DTC remittance solutions for businesses along with Fx rate systems. Learn more about cross-border remittances and international payment technology on Fable Fintech's cross border payments blog